Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Ok, I understand!
Your school or university
Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Here are the best resources to pass econ 200 (ECON200). Find econ 200 (ECON200) study guides, notes, assignments, and much more.
All
1 results
Sort by
University Of Arizona - ECON 200 Homework 8 - All Solutions Graded 97%
Study guide • 4
pages
• 2020
Homework 8 - solution


1.	Hotel rooms in Smalltown go for$100 and 1,000 rooms are rented on a typical day.
a.	To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is imposed, the going rate for hotel rooms rises to $108 and the number of rims rented falls to 900. Calculate the amount of revenue this tax raises for Smalltown and the deadweight loss of the tax. (Hint: The area of a triangle is ½ times base times height)
b.	The mayor now doubles the ta...
University Of Arizona - ECON 200 Homework 8 - All Solutions Graded 97%
Last document update:
ago
Homework 8 - solution


1.	Hotel rooms in Smalltown go for$100 and 1,000 rooms are rented on a typical day.
a.	To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is imposed, the going rate for hotel rooms rises to $108 and the number of rims rented falls to 900. Calculate the amount of revenue this tax raises for Smalltown and the deadweight loss of the tax. (Hint: The area of a triangle is ½ times base times height)
b.	The mayor now doubles the ta...
And that's how you make extra money
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint.
Discover all about earning on Stuvia