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Anuta_ua [19.1K]
2 years ago
13

Suppose that the demand curve for barley can be characterized by the equation P = 100 - 2Qd. Suppose further that price was $10.

00 and a $10.00 tax is imposed on the market. a) How many barleys would be purchased at a price of $10.00? After tax? b) What is the amount of tax revenue generated by the tax? c) How much excess burden is generated by the tax? d) What is the amount of consumer surplus before and after the tax? What is the difference in consumer surplus? Is it equal to excess burden plus the tax revenue?

Business
1 answer:
PilotLPTM [1.2K]2 years ago
6 0

Answer:

a. 45 , 40

b. $400

c. $25

d. before tax; $2025 and after tax ; $1,600

e. difference in consumer surplus $425

f. Yes it is equal

Explanation:

In this question, we are presented with the equation of a demand curve.

Given the price amount and the tax amount, we are asked to answer the questions that follow;

Please check attachment for complete solution and step by step explanation

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Barry is always searching information about wine. He reads Wine Spectator every month, has several books related to wine, visits
Aleks04 [339]

Answer:

The correct answer is (B)

Explanation:

Barry's search for information about wine is on-going. He likes to purchase wine and for that reason, he thinks about it and continuously read article and book. He read articles and book every month which shows that it is an on-going search. Any search which is continuous, monotonous and repetitive is known as on-going search.

7 0
2 years ago
Redeker Company purchased equipment on January 1, 2016, for $90,000. It is estimated that the equipment will have a $5,000 salva
mr Goodwill [35]

Answer:

$17,000

Explanation:

The computation of the amount of the depreciation expense using the straight-line method is shown below:

= (Purchase value of an equipment - estimate salvage value) ÷ (useful life)

= ($90,000 - $5,000) ÷ (5 years)

= ($85,000) ÷ (5 years)  

= $17,000

All other information which is given is not relevant. Hence, ignored it

6 0
2 years ago
In 2017, BPhone produces 5000 mobile phones and the total labor used to make the 5000 mobile phones is 4000 hours. Using the app
Kamila [148]

Answer:

d.1.25

Explanation:

To find the productivity ratio, we use this formula:

Productivity ratio = Output / Input

now, we plug the amounts into this formula:

Productivity ratio = 5,000 / 4,000

                            = 1.25

Thus, the correct answer is d).

7 0
2 years ago
We have said that strategic management is an evolution and a destination. What does this mean? Discuss in detail
damaskus [11]

Explanation:

Strategic management is an evolution and a destination due to the fact that the organizational strategy is developed in pursuit of objectives and goals. This means that action plans for achieving goals can be changed according to internal or external interference.

A company's strategy is not inert, so strategic management will be carried out according to the market situation, the internal environment and other variables, so that there is monitoring, organization and strategic coordination of the company according to its environment.

4 0
2 years ago
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. Marino planned to drive the truck for 100,000
Dmitriy789 [7]

Answer:

a- $38,000

Explanation:

Units-of-production method of depreciation is a method in which depreciation is charged based on the output given by the asset in a period.

Truck Purchase price = $48,000

Estimated unit for depreciation = $100,000 miles

Salvage value = $8,000

Total Millage in 3 years = 40,000 + 20,000 + 35,000 = 95,000 miles

Accumulated Depreciation = ( Initial cost - Salvage value) Driven Millage / estimated total Millage

Accumulated Depreciation = ( $48,000 - $8,000 ) 95,000 / 100,000 = $38,000

4 0
2 years ago
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