If, instead of taxing Hot Air's profit, the govern ment imposes a sales tax on balloon rides

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If, instead of taxing Hot Air's profit, the govern ment imposes a sales tax on balloon rides of $30 a ride, what are the new profit-maximizing quan- tity, price, and economic profit?

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Microeconomics Canada In The Global Environment

ISBN: 9781556520617

11th Edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Nov 05, 2024 12:00 PM

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If, instead of taxing Hot Air's profit, the govern ment imposes a sales tax on balloon rides of $30 a ride, what are the new profit-maximizing quan- tity, price, and economic profit?
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If, instead of taxing Hot Air's profit, the govern ment imposes a sales tax on balloon rides

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Microeconomics Canada In The Global Environment

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