FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(d) Suppose that instead of these taxes and subsidies, the firm is taxed at 50% of its profits. Write down its after-tax profits as a

image text in transcribed
image text in transcribed
(d) Suppose that instead of these taxes and subsidies, the firm is taxed at 50% of its profits. Write down its after-tax profits as a function of the amount of input. What is the profit- maximizing amount of output? How much profit does it make after taxes

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Economics

Authors: Roger A. Arnold

13th edition

1337617385, 1337617383, 9781337670647 , 978-1337617383

More Books

Students also viewed these Economics questions

Question

★★★★★
In random samples of 25 from each of two normal populations, we found the following statistics: x1 = 524s1 = 129 x2 = 469 s2 = 141 a. Estimate the difference between the two population means with 95%...

Answered: 1 week ago

Question

★★★★★
Whether they vote for or against the proposals listed on the proxy statement, how many votes can Alicia and Hugh cast?

Answered: 1 week ago

Question

★★★★★
=+Why might a stepwise regression search not find the same model as an all subsets regression? M18_SHAR8696_03_SE_C18.indd 662 14/07/14 7:37 AM Exercises 663

Answered: 1 week ago

Question

★★★★★
Nathan Detroit owns 400 shares of the food company General Mills, Inc., which he purchased during the recession in January 2009 for $35 per share. General Mills is regarded as a relatively safe...

Answered: 1 week ago

Question

★★★★★
Wildhorse Corporation was organized on January 1, 2019. During Its irst year, the corporation issued 2,000 shares of $50 par value preferred stock and 108,000 shares of $10 par value commo stock. At...

Answered: 1 week ago

Question

★★★★★
How does income distribution effect consumption in the U.S.?Which income group would have the highest marginal propensity to consume? Should something be done to make income distribution more...

Answered: 1 week ago

Question

★★★★★
Use DeMoivre's Theorem to find the indicated power of the complex number. Write the answer in rectangular form. [3(cos 80 + i sin 80)] [3(cos 80 + i sin 80) = (Simplify your answer, including any...

Answered: 1 week ago

Question

★★★★★
Question 17 (515108) (Elastic Collisions} = (1 points) On a frictionless surface, a block of mass m 2 kg moves at a velocity of v = +6 m/s (towards the right) headed towards another block of m 1 kg...

Answered: 1 week ago

Question

★★★★★
Grifols is a global healthcare company that since 1909 has enhanced the health and well-being of people around the world. Four divisions - Bioscience, Diagnostic, Hospital and Bio Supplies - develop,...

Answered: 1 week ago

Question

★★★★★
In 2009, Starbucks' net income fell precipitously. The stores needed to make a change, so Schultz temporarily close all the stores and re-train the entire staff, (Schultz, 2013). Schultz felt the...

Answered: 1 week ago

Question

★★★★★
The NH Jones Manufacturing Company produces porcelain figurines. The molding department inspects damaged units when they are 65% complete. Direct materials are added at the end of the process, and...

Answered: 1 week ago

Question

★★★★★
A project manager is working on a large project in another country and realizes that only a few people from the project team are working on all of the releases. What should the project manager do to...

Answered: 1 week ago

Question

★★★★★
Pollution

Answered: 1 week ago

Question

★★★★★
The fear of making a fool of oneself

Answered: 1 week ago

Question

★★★★★
4. Develop circular models, with positive and negative feedback loops, for the following situations: (a) In a poor third-world country, the population increase has been very large in the last ten...

Answered: 1 week ago

Previous Question Next Question