Suppose Rebecca needs a dog sitter so that she can travel to her sister’s wedding. Rebecca values dog sitting for the weekend at $200. Susan is willing to dog sit for Rebecca so long as she receives at least $175. Rebecca and Susan agree on a price of $185. Suppose the government imposes a tax of $30 on dog sitting. What is the deadweight loss of the tax?

The deadweight loss of the tax is $25

Explanation:

In order to calculate the deadweight loss of the tax we would have to make the following calculation:

deadweight loss of the tax=maximum willingness to pay - minimum willingness to accept

maximum willingness to pay=$200

minimum willingness to accept =$175

deadweight loss of the tax=$200-$175

deadweight loss of the tax=$25

The deadweight loss of the tax is $25

$25

Explanation:

Given Data:

Rebecca value for dog sitting = $200

Susan’s minimum agreed price = $175

Rebecca and Susan agreed price = $185

Government tax on dog sitting = $30

Dead weight loss = Rebecca value - Susan list price

= $200 - $175

= $25

The dead weight loss of tax is $25

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the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.