Business, 27.03.2021 01:50 mackwackuwu

Senator Chelsea Smith has contracted our services to analyze the impact of a potential $7 excise tax on SUV rentals that has been recently proposed in her district. The senator is concerned about the impact the tax will have on the welfare of the rental companies in her district, as they have supported her in her recent re-election bid. Our research team has already conducted some preliminary analysis and obtained the following estimates of monthly demand and supply in the local market:
Qd=500−5P and Qs=2P−60. Currently, the average price per daily SUV rental is $80 in the local market, and 100 units on average are rented each month.
Estimate the impact the tax will likely have on the market price and quantity of SUV rentals. Also, make sure to quantify how the tax burden will be split between consumers and producers based on changes in their respective surplus areas. Depending on who is impacted most by the tax, the Senator will make up her mind to support or oppose the tax.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 18:20

Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)

Answers: 1

Answer

Business, 22.06.2019 08:30

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

Answers: 2

Answer

Business, 22.06.2019 11:50

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units

Answers: 1

Answer

Business, 22.06.2019 16:20

Carlos hears juan and rita’s complaints about the new employees with whom they have to work with, as well as their threats to quit the company. if carlos were to reassign juan and rita to new, unique roles and separate them from the ronny and bill, it would signal that carlos has moved into the stage of managing resistance.

Answers: 3

Answer

You know the right answer?

Senator Chelsea Smith has contracted our services to analyze the impact of a potential $7 excise tax...

Questions