Consider the market demand curve for beer: Q= 40 –2P. If the supply curve for beer is P=10 and the government impose a specific per-unit tax of $5 on producers of beer, the total revenue raised is equal to:[Round your answer to 2 decimal places when needed]

Consider the demand curve for beer: Q= 120 –2P. If the supply curve for beer is P=12+Q and the government imposes a per-unit tax of $11 on producers of beer, the deadweight loss that results is equal to: [Round your answer to 2 decimal places when needed.]

Let QD = 80 − 20P be the demand function for cigarettes and let QS =10P − 10 be the supply. Suppose the government introduces a specific tax of τ = 1 to belevied on the producers• Obtain the new supply curve

A monopoly faces a demand curve given by P = 100 - 0.5Q, where P is the price and Q is the quantity. Calculate the total revenue and marginal revenue when the quantity sold is 40 units.

The demand function Q and cost function C(Q) of a commodity are given by the equations \[Q=20-0.01P,\] and C(Q)=60+6Q, where P and Q are the price and quantity, respectively. The total revenue function (TR) in terms of P is

Consider the market for gin, in perfect competition, where market demand is given by P=20-4Q and supply is given by P=Q. Suppose that alcoholism is a major problem in this community. Not only does it affect the health of the people who consume the gin, but it also affects community members who do not consume or sell alcohol. Thus, while the marginal private cost of gin is given by P=Q, the marginal social cost is given by P=5Q. What is the magnitude of the per unit tax that the local government should impose on suppliers of gin to bring the economy to the socially optimal allocation? [Round your answer to 2 decimal places when needed.]