It is given that Qd = 300 - P, Qs = Q/2. Government imposes specific tax in such a way that it maximizes the total tax revenue. Then find out the DWL in such a situation.
We know that when tax is imposed, Pd = Ps + t Pd – Ps = t 300 – Q = 2Q + t Q* = 100 – t/3 Tax Revenue = t.Q = 100t – t2 / 3 For maximizing tax revenue, 100 – 2t/3 = 0 So, t = 150 Q* = 100 – 50 = 50 Once you get that quantity, you can get DWL (area of triangle) But for that you also need to know the optimal quantity without tax. Equating demand and supply functions, 300 – P = P/2 P = 200 Which implies, Q = 100 DWL = ½ * 150* (100-50) = 3750
What is the optimum relative humidity range for crop production?
Nutrient index approach of soil fertility evaluation was proposed by
____________ is recommended for the removal of Ergot affected seeds and sclerotia to prevent primary infection in cumbu
How many mandis are covered under E-nam till now?
If 22 acres of area registered by a seed produced for Bajra certified seed production, how many heads to be counted by the seed certification officer at...
The C:N ratio of humus is
Petrology is the science of:
Black tip of mango is due to:
What is the full form of "PT" in the context of laboratory testing conducted by the Agricultural and Processed Food Products Export Development Authori...
As per ISSS soil classification, the diameter of silt particles should be............ mm.