ECON 203 Lecture 17: Econ 203 Day 17
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Using the data from the table below and a price of $19,
Quantity (ties per day) | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Total Cost | $10 | $17 | $26 | $37 | $50 | $65 | $82 | $101 | $122 | $145 | $170 |
Determine how many ties the producer would supply if
Instructions: Enter your responses as a whole number.
(a) A tax of $2 per tie were collected from the producer.
ties/day
(b) A property tax of $2 were levied.
ties/day
(c) Profits were taxed at 50 percent.
ties/day
Using the data from the table below and a price of $19,
Quantity (ties per day) | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Total Cost | $10 | $17 | $26 | $37 | $50 | $65 | $82 | $101 | $122 | $145 | $170 |
Determine how many ties the producer would supply if
Instructions: Enter your responses as a whole number.
(a) A tax of $2 per tie were collected from the producer.
______ ties/day
(b) A property tax of $2 were levied.
______ ties/day
(c) Profits were taxed at 50 percent.
______ ties/day