Resource extraction tax: using a 2 period model (assumptions: p=10-0.5q, mec=3, r=10%, 20 units of the resource available) in the presence of a resource extraction tax of $1 per unit extracted, answer the following questions: a. derive the optimal quantity allocation across time periods (q1, q2) b. derive the optimal resource prices that yield this efficient allocation (pi*, p2*) c. what is the marginal user cost in both time periods (muc", muc2") d. compare your answers in a-c with those in 1.c-e. what is the effect of this tax on the optimal allocation and the price time path? e. what is the total net benefit with and without the tax to the resource owner? f. what is the total net benefit with and without the tax to society (i. e. consumer, resource owner and government)?

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?