Project #74187 - Microeconomics Help DQ

Provide a 125 word response for each question.

 

Microeconomic Chapter 7

1.      How do taxes impact producers and consumers?  Does it make a difference if the tax is imposed on the producer or if it is levied on the consumer?

 

2.    2.   What is consumer surplus?  What is producer surplus?  How does equilibrium maximize the amount of producer and consumer surplus in a market?

 

Microeconomic Chapter 8

3.     3.  What is the difference between a positive and a negative externality?  Provide an example of each.

 

4.     What is an externality?  How does the existence of externalities cause the individual benefits and costs differ from the benefits and cost to society as a whole?

Taxation and Government Discussion

Answer the following question:

5.     How do taxation and government regulations affect the U.S. microeconomy?

 

 

Subject Business
Due By (Pacific Time) 06/18/2015 03:00 pm
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