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Econ 4020 – Dr. Rupp
Homework#5 – Taxes
Due – Feb 27 (at start of class)
1. In the above market for cheese – how much is the producer surplus at the initial equilibrium
(before a tax is introduced)?
2. Suppose that there is a $2.50 tax imposed on cheese per pound. Find the new equilibrium price
that buyers will pay for cheese. Label this Pb on your graph. Find the new equilibrium price that
sellers will receive. Label this Ps on your graph. Find the new equilibrium quantity.
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3. Pin stripe the region of the new producer surplus on your graph after the $2.50 tax is imposed.
Calculate the new region of producer surplus. What has happened to producer surplus after the
tax has been imposed?
4. Calculate the total tax revenue collected from a $2.50 per pound tax. How much of this tax
revenue is paid by the buyers of cheese? How much is paid by the sellers of cheese?
5. Heavily shade the region of deadweight loss on your graph. Calculate this deadweight loss area.
6. Using the figure 2 below, where the vertical distance between points A and B represent the tax
in this market, what is the amount of the tax per unit?
Figure 2
7. Using the figure 2 above, find the per unit burden of the tax on sellers.
8. Using the figure 2 above, find the tax revenue collected. Horizontal stripe the tax revenue
collected from the buyers, and pin stripe the tax revenue collected from the sellers. Document Preview:

Name______________________________     Pledge (sign)_________________________             “I did not copy another student’s homework)   Econ 4020 – Dr. Rupp Homework#5 – Taxes Due – Feb 27 (at start of class)  1. In the above market for cheese – how much is the producer surplus at the initial equilibrium (before a tax is introduced)?     2. Suppose that there is a $2.50 tax imposed on cheese per pound. Find the new equilibrium price that buyers will pay for cheese. Label this Pb on your graph.  Find the new equilibrium price that sellers will receive. Label this Ps on your graph. Find the new equilibrium quantity.Name______________________________     Pledge (sign)_________________________             “I did not copy another student’s homework)  3. Pin stripe the region of the new producer surplus on your graph after the $2.50 tax is imposed. Calculate the new region of producer surplus. What has happened to producer surplus after the tax has been imposed?      4. Calculate the total tax revenue collected from a $2.50 per pound tax. How much of this tax revenue is paid by the buyers of cheese? How much is paid by the sellers of cheese?      5. Heavily shade the region of deadweight loss on your graph. Calculate this deadweight loss area.   6. Using the figure 2 below, where the vertical distance between points A and B represent the tax in this market, what is the amount of the tax per unit? Figure 2  7. Using the figure 2 above, find the per unit burden of the tax on sellers. 8. Using the figure 2 above, find the tax revenue collected. Horizontal stripe the tax revenue collected from the buyers, and pin stripe the tax revenue collected from the sellers.

Attachments:

hw5.pdf

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1. Is the logical formula given in the text ?

2. Could one of the “algorithm machines” with full parallelism be used to solve  an NP-complete problem in polynomial time, if P ¢ NP? Explain your answer.

3. How does the problem “compute the exact value of 2N” fit into the P—NP  classification scheme?

 

 

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1. Is there an immediate polynomial-time reduction from the traveling-salesman  problem on graphs to the Euclidean traveling-salesman problem, or vice versa?

2. What would be the significance of a program that could solve the traveling salesman problem in time proportional to 1.1N?

 

 

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1. Internet Protocol (IP) datagrams may arrive in a seemingly random order of chunks that the receiving IP entity must continuously collect until it can reconstruct the original datagram. Consider that the receiving IP entity possesses a buffer for assembling the original datagram’s data field. The buffer will comprise of chunks of data and “holes” between them corresponding to data not yet received. a. Describe an algorithm in pseudocode, prose, graphical, or any other representation, to collect and reconstruct the original datagram’s data field based on this concept. 2 In configuring remote office the network WAN configuration will be used with firewall interfaces. The network protocols that will be used for file sharing will be TCP whereas for video streaming will be UDP 2. Consider the scenario where you are configuring a new remote office for your organization. Describe and justify the network topology you would utilize, including any infrastructure and services. Discuss the network protocols you would utilize throughout its implementation assuming a proprietary collaborative system, which includes file-sharing and video conferencing capabilities, is utilized internally and must be supported by your team. Document Preview:

Internet Protocol (IP) datagrams may arrive in a seemingly random order of chunks that the receiving IP entity must continuously collect until it can reconstruct the original datagram. Consider that the receiving IP entity possesses a buffer for assembling the original datagram’s data field. The buffer will comprise of chunks of data and “holes” between them corresponding to data not yet received. Describe an algorithm in pseudocode, prose, graphical, or any other representation, to collect and reconstruct the original datagram’s data field based on this concept. 2 In configuring remote office the network WAN configuration will be used with firewall interfaces. The network protocols that will be used for file sharing will be TCP whereas for video streaming will be UDP Consider the scenario where you are configuring a new remote office for your organization. Describe and justify the network topology you would utilize, including any infrastructure and services. Discuss the network protocols you would utilize throughout its implementation assuming a proprietary collaborative system, which includes file-sharing and video conferencing capabilities, is utilized internally and must be supported by your team.

Attachments:

wk5-internetp….docx

 

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1- Management Responsibilities and Internal Controls” Please respond to the following:

• From the e-Activity, analyze management’s role in the fraud and make recommendations as to how management could have prevented the fraud. Support your recommendation with examples.
• Imagine that you are a member of the management team and are having financial difficulties. You need money for a short period of time and plan to pay it back. Develop a scheme that is likely to be undetected by internal controls. Make recommendations that would prevent you from carrying out your scheme. Support your scheme and recommendations with examples.

2-“External Auditors and Governing Bodies” Please respond to the following:

• You are an auditor assigned to XYZ’s Company’s annual audit. The company has not reported an item because management’s assertion is that the item is immaterial. You may agree or disagree. Construct an argument that supports whether you agree or disagree with management’s assertion. Support your answer with examples.
• The Securities and Exchange Commission (SEC) is a key governing body when it comes to financial statements. Evaluate the effectiveness of the SEC over financial statement reporting and take a position as to its effectiveness. Construct an argument that supports your position that the SEC is not effective or is effective in regulating financial reporting. Support your answer with examples.
• 3–Financial Statement Fraud and Bribery” Please respond to the following:
  • Evaluate at least three methods that are used to commit financial statement fraud. Give your opinion of which method is mostly likely to be detected by external auditors. Provide support for your rationale.
  • From the e-Activity, explain the type of transactions the fraudster(s) was involved in, the organization the fraudster worked in, and how the bribery was detected.

 

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