Business, 16.08.2021 20:50 aaburto1515
A government imposes a per-gallon tax on gasoline. The before-tax price of a gallon of gas is $3 per gallon. The after-tax price of a gallon of gas is $10. Demand for gasoline is unchanged after the tax. Which of the following is true?
a. The amount of deadweight loss increases.
b. The demand for gasoline is perfectly inelastic.
c. Producers of gasoline lose revenue after the tax.
d. The supply of gasoline cannot meet the demand.
e. Consumers and producers bear the tax burden equally.
Answers: 2
Business, 21.06.2019 16:00
Jodi is trying to save money for a down payment on a house. she invests $6,000 into an account paying 5.5% simple interest. for how long must she save if she needs $7,300 for the down payment? a. 2 years b. 3 years c. 4 years d. 5 years
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Business, 22.06.2019 06:20
At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58
Answers: 1
Business, 22.06.2019 22:40
The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.
Answers: 1
A government imposes a per-gallon tax on gasoline. The before-tax price of a gallon of gas is $3 per...
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