For what kind of preferences will the consumer be just as well-off facing a quantity tax as

Question:

For what kind of preferences will the consumer be just as well-off facing a quantity tax as an income tax?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

See More Books

Question Posted: Feb 25, 2019 06:01 AM

See More Questions

In the same framework as the above question, what kind of preferences would leave the consumer just as well-off as he was in the base year, for all price changes?
What kind of preferences are represented by a utility function of the form u(x 1 , x 2 ) = (x 1 + x 2 )? What about the utility function v(x 1 , x 2 ) = 13x 1 + 13x 2 ?
What kind of preferences are represented by a utility function of the form u(x 1 , x 2 ) = x 1 + x 2 ? Is the utility function v(x 1 , x 2 ) = x 2 1 + 2x 1 x 2 + x 2 a monotonic transformation of u(x...
Umida Ltd is considering acquiring Trinity Ltd. Both companies are all-equity firms. Umida and Trinity have 5 million and 6 million shares outstanding respectively. Umida generates $2 million in...
Data for adjustments at December 31, 2013, are as follows: (a) Taipei International uses a perpetual inventory system. (b) An analysis of Accounts Receivable reveals that the appropriate year-end...
Simplify each expression. a + a
In each of these cases, an employer allegedly fired a long-time employee simply for being homosexual or transgender. Clayton County, Georgia, fired Gerald Bostock for conduct unbecoming a county...
Canine Gourmet Super Breath dog treats are sold in boxes labeled with a net weight of 12 ounces (340 grams) per box. Each box contains 8 individual 1.5-ounce packets. To reduce the chances of...
Draw the simple perceptron network that can solve the following problem. Provide all the necessary details. Show all the steps in your answer. f(x) = x+1 for x = {0, 1, 2, 3, 4} (b) Boolean Function:...
On December 31, 2015, Cathy Chen, a self-employed certified public accountant (CPA), completed her first full year in business. During the year, she billed $360,000 for her accounting services. She...
If a consumer has a utility function u(x 1 , x 2 ) = x 1 x 2 4 , what fraction of her income will she spend on good 2?
If a firm uses n inputs (n > 2), what inequality does the theory of revealed cost minimization imply about changes in factor prices (w i ) and the changes in factor demands (x i ) for a given level...
How is deferred revenue reported in the balance sheet?
A worker applies a torque to a nut with a wrench 0.200 m long. Because of the cramped space, she must exert a force upward at an angle of 50.0 with respect to a line from the nut through the end of...
With suitable flowchart diagram explain Media access control method that is utilized for Ethernet LANs?
When an object is placed 50.0 cm in front of a convex spherical mirror, a virtual image forms 11.5 cm behind the mirror. Determine the mirror's focal length in cm and the magnification.
Describe advantages and disadvantages of the ADR process. Select a topic from the provided list and write an essay focusing on its advantages and disadvantages within the ADR process. 1. Mini-trial...
At the start of sintering, a cylindrical powder metal high-speed-steel (HSS) green-compact (destined to become a machining tool) with length 20cm and diameter 2cm, is placed from storage at 20o C...
For Red Delicious apple farmers in Washington, 2001 was a terrible year (Linda Ashton, "Bumper Crop a Bummer for Struggling Apple Farmers," San Francisco Chronicle, January 9, 2001, C7). The average...
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
Quasimodo consumes earplugs and other things. His utility function for earplugs x and money to spend on other goods y is given by u(x, y) = 100x x2 2 + y. (a) What kind of utility function does...
In the graph below, you see a representation of Sarah Gamps indifference curves between cucumbers and other goods. Suppose that the reference price of cucumbers and the reference price of other goods...
Bernices preferences can be represented by u(x, y) = min{x, y}, where x is pairs of earrings and y is dollars to spend on other things. She faces prices (px, py) = (2, 1) and her income is 12. (a)...
52. A disk of mass 2.0 kg and radius 60 cm with a small mass of 0.05 kg attached at the edge is rotating at 2.0 rev/s. The small mass, while attached to the disk, slides gradually to the center of...
Problem 04. A cylindrical tank of radius R is filled to a height h with an ideal fluid of density p. A drain valve at the bottom of the tank with a radius r is opened, calculate how long will it take...
At the beginning of the year, you purchased a share of stock for $55. Over the year the dividends paid on the stock were $2.50 per share. a. Calculate the return if the price of the stock at the end...

For what kind of preferences will the consumer be just as well-off facing a quantity tax as

Question:

Step by Step Answer:

For kinked preferences ...View the full answer

Intermediate Microeconomics

Students also viewed these Business questions