Additional Information Attached

See attachment for further explanations. Full Assignment Attached.

The supply curve for hummers is given by the equation Q = 80p - 60, where Q is the number of hummers supplied and P is the price in dollar per unit. The demand curve for hummers is given by the equation Q =150 - 60p, where Q is the number of hummers demanded and P is the price in dollar per unit.

G. Show in a graph the effect of the per-unit tax levied on suppliers and consumers.

H. Calculate the per-unit tax borne by consumers and show it in a graph.

I. Calculate the per-unit tax borne by suppliers and show it in the graph.

J. With at least three practical examples in public administration, define deadweight loss in at least 50 total words

K. Calculate the welfare loss (deadweight loss) associated with the 10 tax and show it in the graph.

L. Explain what the per unit tax means in terms of (a) ALLOCATIVE EFFICIENCY for society and (b) TECHNICAL EFFICIENCY for the suppliers of Hummers.

1.The supply curve for hummers is given by the equation q = sup - 60, where Q is the number of hummers supplied and P is the price in dollar per unit. The demand curve for hummers ls given by the equation Q =150 - 60p, where Q is the number of hummers demanded and P is the price In dollar per unit. A. Graph and calculate the equilibrium price and quantity. Price Supply : 9.6\". aka _ (-339 - P=$1.50 0 {1:60 Quantity Demand At equilibrium. Qd = 05 150-60p=30p -60 p I 31.5 B. Calculate what the price is when the quantity demanded is zero, and show the result in the graph. 0:150-60p -150 -150 -150=-6!!p -60 -60 2.5=P C. Calculate what me quantity demanded is when the price is zero, and show the result in the graph. Q=l0-60 (0) Q=150-0 (2-150 D. Calculate what the price is when the quantity supplied is zero, and show the result In the graph. When the quantity supplied Is zero 0 = 80p - 60 80p = 60 p = 3 I 4 = 0.75 price I: 0.75 when the quantity supplied ls zero. \fQuantity Supplied Q Quantity Demanded Q = - = 80p _ 60 60p+150 Market Surplus or shortage 140 D Surplus = 140 units $ 3 180 30 Surplus = 210 units iii. At prices lower than the equilibrium price. the market is experiencing a shortage oi goods and above the equilibrium price market is having a surplus. A shortage occurs when the demand is higher than the supply and surplus occurs when demand is lesser than supply. G. Show in the graph the etfect of the per-unit tax levied on suppliers and consumers. H. Calculate the per unit tax borne by consumers, and show it in the graph. I. Calculate the per unit tax borne by suppliers, and show it in the graph. J. With at least three practical examples in public administration. dene deadweight loss in at least 50 total wards K. Calculate the welfare loss ldeadweight loss) associated with the 10 tax. and show it: in the graph. As a public manager, separately explain what the per unit tax means in terms at [a] ALLOCATIVE EFFICIENCY for society and lb) TECHNICAL EFFICIENCY for the suppliers ol Hummers