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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
Which of the following is a Class II product?
Threshold level of ethylene in fruit and vegetable:
Ropiness of bread may be due to
a) Bacillus subtilis
b) Bacillus licheniformis
Sequestrates are?
(i) saponification
(a) triglycerides
(ii) milk fat
(b) alkali
The macronutrient which is a structural component of the cell wall and activates the enzymes is
For tenderization of meat,the enzyme is used:
The most common global food allergen is:
Richest source of Riboflavin is:
Increase in metabolic rate that occurs in response to a stimulus like food ingestion is called: