Suppose that you have tastes for grits and "other goods" (where the price of "other goods" is normalized to 1). Assume throughout (unless otherwise stated) that your tastes are quasilinear in grits. The government decides to place a tax on grits — thus raising the price of grits from p to p + t. a. On a graph with grits on the horizontal axis and "other goods" on the vertical, illustrate the before- and after-tax budget.
b. Illustrate your optimal consumption bundle after the tax is imposed, then indicate how much tax revenue T the government collects from you.
c. Illustrate the most L you would bc willing to pay to not have the tax.
d. Does your answer depend on the fact that you know your tastes are quasilinear in grits?
e. On a graph below the one you have drawn, derive the regular demand curve as well as the MWTP curve.
f. Illustrate T and L on your lower graph and indicate where in the graph you can locate the deadweight loss from the tax.
g. Suppose you only observed the demand curve in the lower graph, and you knew nothing else about tastes. If grits were actually a normal good (rather than a quasilinear good), would you under- or overestimate that deadweight loss by assuming grits are quasilinear?

Match the various steps in the creative process undertaken by the ad agency for developing the campaign for wpu, to the steps in young's model of the creative process.creative process in developing wpu's campaignyoung's modelafter intensive analysis of the data and several rounds of brainstorming, the agency executives decided to take a break from this project (the wpu campaign), and instead work on a different client's project before tackling the wpu project again.using a combination of animatics and storyboards, the ad agency conducted research with a representative sample of sixty target consumers to pretest the campaign theme and the creative execution.during a brainstorming session in the creative department, a copywriter's suggestion for a slogan for wpu was recognized as an excellent central idea that could drive the campaign for wpu.the account planning, account management and creative departments at the ad agency had a series of meetings and brainstorming sessions to discuss the creative brief and the results of all the primary and secondary research done with the target consumers.the account planning and the account management groups at the ad agency conducted primary research with a representative sample of the target segment and also studied secondary research data to gain insights required for the campaign development process.

Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?

Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?