subject
Business, 04.11.2021 20:20 WhirlyWave

Calculating tax incidenceSuppose that the U. S. government decides to charge beer consumers a tax. Before the tax, 25 million cases of beer were sold every month at a price of $5 per case. After the tax, 18 million cases of beer are sold every month; consumers pay $6 per case (including the tax), and producers receive $3 per case. The amount of the tax on a case of beer is$1per case. Of this amount, the burden that falls on consumers is$per case, and the burden that falls on producers is$per case. True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on producers.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Identifying transactions national park tours co. is a travel agency. the nine transactions recorded by national park tours during may 2019, its first month of operations, are indicated in the following t accounts: cash (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 accounts receivable (5) 12,300 (7) 8,150 supplies (2) 900 (8) 660 equipment (3) 8,000 accounts payable (6) 2,700 (3) 6,400 beth worley, capital (1) 75,000 beth worley, drawing (9) 2,500 fees earned (5) 12,300 operating expenses (4) 6,280 (8) 660 indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased account debited account credited transaction type effect type effect (1) (2) (3) (4) (5) (6) (7) (8) (9)
Answers: 3
question
Business, 22.06.2019 02:00
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
question
Business, 22.06.2019 03:00
If you were running a company, what are at least two things you could do to improve its productivity.
Answers: 1
question
Business, 22.06.2019 03:50
Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince
Answers: 1
You know the right answer?
Calculating tax incidenceSuppose that the U. S. government decides to charge beer consumers a tax. B...
Questions
question
Mathematics, 10.03.2022 01:00
question
Mathematics, 10.03.2022 01:00
question
Mathematics, 10.03.2022 01:00
Questions on the website: 13722367