Mathematics, 13.03.2021 01:20 andrespeerman

Suppose each of the 1 million Islandian households has the same demand curve for heating oil. How much consumer surplus would each household lose if it had to pay $2 per gallon instead of $1 per gallon for heating oil, assuming there were no other changes in the household budget? How much $ per year.

With the money saved by not subsidizing oil, by how much could the Islandian government afford to cut each family’s annual taxes?

Instructions: Enter your response rounded to two decimal places.

How much $ per year.

If the government abandoned its oil subsidy and implemented the tax cut, by how much would each family be better off?

How much $ per year.

Suppose each of the 1 million Islandian households has the same demand curve for heating oil. How m

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 20:30, Katyazamo

Asunflower was 20 1/2 inches tall. over the next 6 months, it grew to a height of 37 inches tall. what was the average yearly growth rate of the height of the plzzz write a proportion i will give you 100 points

Answers: 1

continue

Mathematics, 21.06.2019 22:00, dorothybean

Describe how you can act financially responsible.

Answers: 1

continue

Mathematics, 21.06.2019 23:30, tyresharichardson29

Ahighway between points a and b has been closed for repairs. an alternative route between there two locations is to travel between a and c and then from c to b what is the value of y and what is the total distance from a to c to b?

Answers: 1

continue

Mathematics, 22.06.2019 01:50, costel8532

Quadrilateral ghij has coordinates g(5, 1), h(4, -3), i(6, -1), and j(2, 1). if the quadrilateral is reflected over the line y = x, what are the coordinates of h'?

Answers: 1

continue

You know the right answer?

Suppose each of the 1 million Islandian households has the same demand curve for heating oil. How mu...