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 rooms 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 × base × height.)

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Increases in output and increases in the inflation rate have been linked to