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Business, 08.02.2021 20:50 willcohen42

The policy:Work on your own (graded)Hotel rooms in Las Vegas go for an average nightly rate of $ 100, and 100,000 rooms are rented on a typicalday.(a.) To raise revenue, the mayor is considering a tax of $ 10 per rented room. After the tax is imposed, thegoing rate for hotel rooms rises to $ 108, and the number of rooms rented falls to 90,000. Calculatethe amount of revenue this tax raises for Vegas and the deadweight loss of the tax.

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The policy:Work on your own (graded)Hotel rooms in Las Vegas go for an average nightly rate of $ 100...
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