Hotel rooms in smalltown cost $100, and 1000 rooms are rented on a typical day. A) To raise revenue, the mayor decided to charge hotels a tax of 10 dollars per rented room. After the tax is imposed, the going rate for hotel rooms rises $108, and the number of rooms rented falls to 900. Calculate the amount of revenue this tax raises for smalltown and the dead weight-loss of the tax

Hotel rooms in smalltown cost $100, and 1000 rooms are rented on a typical day. A) To raise revenue, the mayor decided to charge hotels a tax of 10 dollars per rented room. After the tax is imposed, the going rate for hotel rooms rises $108, and the number of rooms rented falls to 900. Calculate the amount of revenue this tax raises for smalltown and the dead weight-loss of the tax

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter8: Areas Of Polygons And Circles

Section8.4: Cicumference And Area Of A Cicle

Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...

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