Business, 11.03.2020 22:51 vickygloom
Suppose Rebecca needs a dog sitter so that she can travel to her sister's wedding. Rebecca values dog sitting for the weekend at $200. Susan is willing to dog sit for Rebecca so long as she receives at least $175. Rebecca and Susan agree on a price of $185. Suppose the government imposes a tax of $30 on dog sitting. What is the deadweight loss of the tax?
a.
the maximum value that Rebecca would pay for dog sitting
b.
the $30 tax
c.
the lost benefit to Rebecca and Susan because after the tax, Susan will not dog sit for Rebecca
d.
the lost benefit to Rebecca of being unable to hire a dog sitter because Rebecca is the one who would pay the tax
Answers: 2
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Business, 23.06.2019 00:50
Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.
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Suppose Rebecca needs a dog sitter so that she can travel to her sister's wedding. Rebecca values do...
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