10. Based on the below graph answer the following: Pr 35 20 13.25 11 6 10...
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10. Based on the below graph answer the following: Pr 35 20 13.25 11 6 10 14.5 D ST (e) Post-Tax CS (CST). (f) Post Tax PS (PST). (g) Tax Revenue (TR). (h) Post-Tax Total Welfare (WT). (i) How much of the tax was paid by each individual Consumer? (j) How much of the tax was paid by each individual Producer? (k) What was the total amount of tax paid by consumers (TRC)? (1) What was the total amount of tax paid by producers (TRp)? (m) Deadweight Loss. S (a) What is initial (pre-tax) Consumer Surplus (CS)? Do not round. (b) What is initial (pre-tax) Producer Surplus (PSO)? Do not round. (c) What is initial (pre-tax) Welfare (Wo)? Do not round. (d) What is the size of the tax? 10. Based on the below graph answer the following: Pr 35 20 13.25 11 6 10 14.5 D ST (e) Post-Tax CS (CST). (f) Post Tax PS (PST). (g) Tax Revenue (TR). (h) Post-Tax Total Welfare (WT). (i) How much of the tax was paid by each individual Consumer? (j) How much of the tax was paid by each individual Producer? (k) What was the total amount of tax paid by consumers (TRC)? (1) What was the total amount of tax paid by producers (TRp)? (m) Deadweight Loss. S (a) What is initial (pre-tax) Consumer Surplus (CS)? Do not round. (b) What is initial (pre-tax) Producer Surplus (PSO)? Do not round. (c) What is initial (pre-tax) Welfare (Wo)? Do not round. (d) What is the size of the tax?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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