Note that t the effects of the per unit tax by the government on the bicycle market are:
1. New Consumer Surplus (CS) is $6,020
2. New Producer Surplus (PS) is $6,020
3. Change in Consumer Surplus compared to equilibrium is -$355
4. Change in Producer Surplus compared to equilibrium is $6,020
5. Deadweight Loss is $5,665
6. Government Revenue is $1,680
How is this so?To analyze the effects of a per unit tax on the bicycle market, we'll start by finding the equilibrium price and quantity without the tax.
Equating the quantity demanded (Qd) and quantity supplied (Qs), we have -
1000 - 10P = 2P - 20
12P = 1020
P = 85
Substituting the equilibrium price (P) into either the demand or supply equation, we find the equilibrium quantity (Q) -
Qd = 1000 - 10(85)
Qd = 1000 - 850
Qd = 150
The equilibrium price is $85, and the equilibrium quantity is 150 bicycles.
With the tax imposed, the new supply equation becomes
Qs = 2P - 20 - Tax
Substituting the tax value of $12
Qs = 2P - 20 - 12
Qs = 2P - 32
To find the new equilibrium, we set the quantity demanded equal to the new quantity supplied
1000 - 10P = 2P - 32
12P = 1032
P = 86
Substituting the new equilibrium price into the supply equation
Qs = 2(86) - 32
Qs = 140
The new equilibrium price is $86, and the new equilibrium quantity is 140 bicycles.
Now we can calculate the changes in consumer surplus (CS) and producer surplus (PS) compared to the original equilibrium.
Consumer Surplus (CS)
Original CS = 0.5 * (85 - 0) * (150 - 0) = $6,375
New CS = 0.5 * (86 - 0) * (140 - 0)
= $6,020
Change in CS = New CS - Original CS
= $6,020 - $6,375
= -$355
Producer Surplus (PS)
Original PS = 0.5 * (85 - 0) * (0 - 0)
= $0
New PS = 0.5 * (86 - 0) * (140 - 0)
= $6,020
Change in PS = New PS - Original PS
= $6,020 - $0
= $6,020
The deadweight loss represents the loss in total surplus due to the tax and can be calculated as -
Deadweight Loss = Change in CS + Change in PS
= -$355 + $6,020
= $5,665
Government Revenue
Government Revenue = Tax * Quantity
= $12 * 140
= $1,680
Graphically, the effects of the tax can be represented as a shift in the supply curve upward by the amount of the tax ($12), resulting in a new equilibrium with a higher price and lower quantity.
The area of deadweight loss can be represented by the triangular region between the original and new equilibrium quantities and the demand curve.
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Myrna, a 40-year old teacher, wants to move to Chicago because of a job offer. She owns a house in St. Louis, her current residence, which has been appraised and valued by a professional real estate appraiser at$500,000. She posted a "For Sale" sign in the yard that stated "Make an Offer". Ned, who is a casual friend of Myrna's, responded to the sign and made an appointment with Myrna to tour her house. Later, Ned invited Myrna to dinner to discuss the house and a possible sale. Myrna and Ned had a leisurely dinner, and 2 glasses of wine each with dinner. At the end of dinner, Ned offered Myrna $225,000 for her house; Myrna accepted. Ned and Myrna signed a sales contract, but before the deal was completed and before the deed was transferred to Ned, Myrna's relatives tried to urge Myrna to cancel the cancel the contract claiming that the contract was unenforceable. Analyze the deal between Myrna and Ned. Is the contract enforceable? Why or why not?
Yes, the contract is enforceable. A contract is a legally binding agreement between two or more parties which creates mutual obligations enforceable by law.
Both parties in the above-mentioned scenario agreed to the terms of the contract. Myrna accepted the offer of $225,000 from Ned and both parties signed the sales contract. This makes the contract enforceable.
The doctrine of "the meeting of the minds" means that a valid contract requires a mutual agreement, understanding, and assent of the parties involved regarding the essential terms and conditions of the contract.
This is evident in the scenario provided, as both parties agreed on the terms of the contract. Thus, it can be concluded that the contract between Myrna and Ned is enforceable.
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how can we apply our knowledge of business plan in our life
Answer:
we can just forget the way our school and family taught us and learn finance and math really well and then start putting everything in practice and then you'll forget that you'll ever need a paycheck and that is how it is
A decrease in the price level will
A. increase the interest rate and involve a downward movement along the aggregate demand curve.
B. decrease the interest rate and involve a downward movement along the aggregate demand curve.
C. increase the interest rate and involve an upward movement along the aggregate demand curve.
D. decrease the interest rate and involve an upward movement along the aggregate demand curve.
A decrease in the price level will decrease the interest rate and involve a downward movement along the aggregate demand curve. Option B is the correct answer.
Along the aggregate demand curve, real gross domestic product rises as prices fall. To put it another way, AD declines. A shift along the AD curve will result from changes in the price level. Option B is the correct answer.
There are three primary explanations for why we would anticipate a rise in real GDP in reaction to a decline in the level of prices, and vice versa: Interest rate and exchange rate effects are both influenced by wealth. A graphical representation of aggregate demand shows the link between price level and all of the spending that individuals, firms, the government, and other nations are willing to engage in at each price level.
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he left the clinic. start's with that
Answer:
sí, salió de la clínica
Explanation:
what is the difference between profit and sales
Answer:
Sales does not include losses and profit takes into account sales and losses
Explanation:
Profit is like the net gain and sales is how much money was earned without taking into account losses.
Which of the following is true?a. Although levels of real GDP per person vary substantially from country to country, the growth rate of real GDP per person is similar across countries.b. Productivity is not closely linked to government policies.c. The level of real GDP per person is a good gauge of economic prosperity, and the growth rate of real GDPper person is a good gauge of economic progress.d. Productivity may be measured by the growth rate of real GDP per person
Option (c), Real GDP per person is a reliable indicator of economic prosperity, and real GDP per person increase is a reliable indicator of economic advancement.
What does actual GDP per person stand for?GDP per capita, a proxy for per capita income, provides a fundamental indicator of output value per person. As broad indices of economic growth, GDP growth and GDP per capita are used.
If compared to real GDP per person, is nominal GDP per person a more reliable measure of living standards?The real GDP per capita is relatively unaffected by inflation and price increases. In comparison to nominal GDP, real GDP is a more reliable measure of living standards. Higher wages can be offered by a country with a high rate of production. Therefore, it follows that its populace will have more money to spend on its plentiful output.
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a group of mutual funds managed by the same investment company is called a
A group of mutual funds managed by the same investment company is called a "fund family" or "fund complex."
A fund family typically consists of multiple mutual funds that are offered by a single investment management company or financial institution. These funds may have different investment objectives, asset classes, risk profiles, or target markets, but they are all managed and operated by the same company.
Investors can choose from various funds within the same fund family, allowing them to diversify their investment portfolios and select funds that align with their investment goals and preferences. Fund families may offer a range of mutual funds, including equity funds, bond funds, money market funds, index funds, sector-specific funds, and more.
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The demand in the market for smartphones has increased causing prices to write what effect will this likely have in The demand in the market for smartphones has increased causing prices to right what effect will this likely have in the supply of smart phones
Answer:
The supply point will increase by moving along the existing supply curve
Explanation:
what is An advantage of the separation of ownership from management in corporations is that the company can raise money from investors but the investors
An advantage of the separation of ownership from management in corporations is that the company can raise money from investors but the investors are not involved in daily operations.
What is the separation of ownership?The separation of ownership and control is a common practice in modern corporate governance, which keeps the shareholders out of managerial responsibilities and empowers the directors to take day-to-day decisions to run corporations smoothly. In modern corporate governance, the separation of ownership and control permits some hierarchical decision-making which indirectly creates multiple conflicts among the shareholders and directors.
The investors may not know what happens within the company and the directors or employees always cannot imagine what the shareholders are thinking regarding any important matter.
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Explain 5 documents involved in the formation of a company i need answers asap
Answer:
Memorandum of Association, Articles of Association, consent of proposed directors, agreement, statutory declaration and payment of fee.
a(n) annuity exists when the first cash flow occurs more than one period after the date the agreement begins. (enter only one word.)
An annuity exists when the first cash flow occurs more than one period after the date the agreement begins.
An annuity is a financial agreement where a series of equal payments are made at regular intervals over a set period of time. The first cash flow, or payment, in an annuity agreement must occur after the initial period. This means that there must be at least one period of time where no payments are made before the regular payments begin. An example of an annuity is a retirement savings plan, where contributions are made over a period of time and regular payments are received after retirement.
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state any five occupations in public service sector? Explain any one of them.
Answer:
Explanation:
Public service simply refers to the services that are provided by the government. The examples of occupations in the public service sector include:
1. Firefighter
2. Law enforcement officer
3. Custom inspector
4. Military
5. Public health nurse
A law enforcement officer is a person that enforces law. They also help in protecting lives and properties.
An excerpt of an introduction of a cover letter about a marketing position. which type of cover letter would the above excerpt come from? a. prospecting cover letter b. networking cover letter c. application cover letter d. follow up cover letter please select the best answer from the choices provided a b c d
The type of cover letter it would come from is a. prospecting cover letter. A prospecting cover letter is used when you are inquiring about potential job opportunities that may be available in the future, even if there are no current job openings.
This type of cover letter is usually sent to a company that you are interested in working for, but you may not have seen any job postings or vacancies listed online or in other sources. In the excerpt, the candidate is introducing themselves and expressing interest in a marketing position, without necessarily applying to a specific job opening.
Therefore, it indicates that the candidate is trying to explore the possibility of working for the company, which aligns with the purpose of a prospecting cover letter.
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Answer: Prospecting cover letter
Explanation: A
In reading #47 "Boomsday", what does the "perfect economic storm" refer to? the number of people growing older that will deplete the labor force the great depression the mortgage lending crisis mountainous national debt, a deflating economy and 77 million people retiring
The "perfect economic storm" in the reading "Boomsday" refers to the combination of mountainous national debt, a deflating economy, and 77 million people retiring.
The "perfect economic storm" in the reading "Boomsday" refers to the combination of mountainous national debt, a deflating economy, and 77 million people retiring. This phrase symbolizes a severe and challenging economic situation resulting from these factors. The mountainous national debt signifies a significant financial burden on the country, while a deflating economy indicates a decline in economic growth and activity. Additionally, the large number of people retiring puts strain on the labor force and can have implications for the overall economy. Collectively, these elements create a perfect storm of economic challenges and uncertainties.
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Munster Company reports the following net cash in its statement of cash flows: net inflow from operating activities: $200; net outflow from investing activities: $300; net outflow from financing activities: $50. The ending balance in cash is $20; the beginning balance must have been
Answer:
$170
Explanation:
Given the following information about Munster company:
Net inflow from operating ACTIVITIES = $200
Net outflow from investing ACTIVITIES = $300
Net outflow from financing ACTIVITIES = $50
Ending balance in cash = $20
BEGINNING BALANCE :
Outflows + ending balance - inflow
(Outflow from investing ACTIVITIES + outflow from financing ACTIVITIES + ending balance in cash) - inflow from operating activities
($300 + $50 + $20) - $200
$370 - $200
= $170
If you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a(n) _______ value.
Multiple choice question.
present
idealistic
past
future
You must determine a present value if you want to know that however much you must invest now at a compounded rate of 12 percent per year in order to be have $4,000 over five years.
Which gift or present is appropriate?When referring to anything intentionally presented, frequently in honor of a milestone or special occasion, the terms "gift" and "present" are interchangeable. Gift, however, can also be a noun with an attribute, as it does in goody bag of gift box. Moreover, the verbs gift and present have verbal meanings. Think of this essay as a present. or maybe a gift.
What distinguishes the words present and presence?Presents is a noun and just a word that we employ, whereas presence is merely a noun. Presents is a term that denotes gifts. It can be used as a verb to present something to someone, display something, or deliver a speech. In contrast, the term presence refers to the state of someone being present at a certain location.
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Race, sex, and religious beliefs are traits that cannot be used as
a basis for workplace treatment because they are
1. Private choices
2. Protected characteristics
3. Positive characteristics
4. Protected choices
Quote one purpose of the organization culture in a case study of MPUMI BOTTLE MANUFACTURE
One purpose of the organization culture in this bottling company is that it would help to create a rule for expected behavior among the employees in the organization.
What is organizational culture?This is the collection of values, what the company expects of its employees and the guides and rules to the behavior of members of the organization.
In a company, organizational culture helps to establish the norms and the ethics in the business environment.
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you’re thinking about the utility you get from spending time on vacation in yellowstone national park. you decide to measure your utility from each day spent camping in a unit of measure called utils.
When measuring utility in utils for each day spent camping in Yellowstone National Park, you are essentially quantifying the level of satisfaction or happiness you derive from the experience. Utils provide a subjective measure of utility and allow for comparisons between different activities or choices.
By assigning utils to each day spent camping, you can gauge the relative enjoyment or fulfillment you experience during your vacation. For example, if you assign a higher number of utils to a particular day, it indicates that you derived greater utility and had a more enjoyable time on that specific day compared to others.
It's important to note that utils are a theoretical construct and cannot be directly measured or observed. Utility is a subjective concept, varying from person to person, and is influenced by individual preferences, expectations, and experiences.
Using utils as a unit of measure allows you to make comparisons and decisions based on the anticipated level of utility you expect to derive from each day spent camping in Yellowstone National Park. This can help inform your choices and prioritize activities or experiences that are expected to provide the highest level of utility, ultimately enhancing your overall vacation satisfaction.
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in what type of market could a buyer’s strategy be to ask the seller to pay closing costs?
A buyer's strategy to ask the seller to pay closing costs is commonly used in a "buyer's market."
A buyer's market is a market condition in which the supply of properties available for sale exceeds the demand from buyers. This means that there are more homes for sale than there are buyers looking to purchase them, giving buyers more bargaining power in the transaction. In a buyer's market, sellers may be more willing to negotiate on the terms of the sale, including who pays for the closing costs.
Closing costs can be a significant expense for buyers, and asking the seller to pay for them can help reduce the buyer's out-of-pocket expenses. However, it's important to note that in some cases, the seller may be unwilling to pay for closing costs, especially in a seller's market where the demand for homes exceeds the supply, giving sellers more bargaining power.
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An elderly customer has gifted stock from her brokerage account to her four children every year for the last 20 years, with the gift amount set at the annual IRS gift tax exclusion amount. You receive a phone call from the customer's oldest daughter stating that her mother is suffering from advanced dementia and has been moved to a long-term care facility. She instructs you to make the annual stock gift distributions to herself and her siblings. You should: A follow the daughter's instructions because the eldest adult child has automatic power of attorney over a parent's account under common law if the parent becomes mentally incompetent B follow the daughter's instructions only if she can produce a durable power of attorney that was signed by her mother C follow the daughter's instructions because there is an established 20-year pattern of giving stock gifts from the mother's account to her children D not follow the daughter's instructions under any circumstances and only take direction from the mother because the mother is still living
Answer:
The answer is "Choice B"
Explanation:
In this case, choice b is right because only when she can offer a permanent power of attorney authorized from her mother, would she also obey the daughter's instructions. Throughout this situation, we can do nothing which the daughter demands unless this develops a lasting enforcement power that the mother signs.
Specialization can help a countrys evonomy by?
Answer:
cumc7 k cgujmcyvuumvcuimbcghikmvcchimnvcikmvvhhjknnccyu I mcumcukgggbhhgfff
Employers must provide a stairway or ladder if the elevation between two surfaces on a site is.
Employers are required to provide a stairway or ladder at all worker points of access if there is an elevation change of 19 inches (48 cm) or more and no ramp, runway, embankment, or personnel hoist is provided.
What are the elevated work surfaces OSHA regulations?The final rule codifies OSHA's guidance for companies using RDS for elevated work. Employers are not allowed to utilize RDS over 300 feet above grade unless they can show that doing so would be impractical or provide a greater risk than utilizing another system.
OSHA, how tall may a platform be without a step?Now that we are clear on how OSHA defines a platform and that any exposed side or edge that is four feet or higher than a lower level need fall protection to prevent employees from falling, let's talk about guardrail specifications for work platforms.
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The most effective strategy for reducing the number of american women working as prostitutes would be to?
Answer:
Raise women's wages for other jobs that doesn't require as much skill.
Angela is the president and majority shareholder of Calypso Corporation, a publicly traded company. Angela recently purchased (without the knowledge of other shareholders) a vacation home for her family and vehicles for her children under the name of the corporation. The children are not employees of Calypso. In a lawsuit brought against Calypso, the court disregarded the corporate entity because it
Answer: Comingled the assets of the business with that of the shareholders.
Explanation:
Normally, the shareholders of a company are protected by the limited liability clause which limits any liability they might incur from a business to the amount that they put into the business.
There are times however, when the Courts would remove this protection clause and one of those times is if the shareholders of the business mix their personal assets with that of the company.
This is what happened here so the Court would be in the right to remove the Corporate entity clause that protects shareholder liability and hold Angela directly responsible.
what are the positive impacts of Title VII of the Civil Rights Act of 1964 on US companies. How did this historic change in US law benefit companies?
Answer:
The Civil Rights Act of 1964 hastened the end of legal Jim Crow. It secured African Americans equal access to restaurants, transportation, and other public facilities. It enabled blacks, women, and other minorities to break down barriers in the workplace.
Explanation:
When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.) Multiple select question. incremental costs. opportunity costs. historical costs. out-of-pocket costs. sunk costs.
Answer:
opportunity costs, incremental costs, out-of-pocket costs
Explanation:
The cost of the following finest possibility that is sacrificed is referred to as the opportunity cost. These are important considerations while deciding between two alternative options.The costs that the firm pays out of pocket are known as out of pocket charges. These are important considerations while making a judgment
The variation in costs between two decisions is referred to as incremental costs. All of these are important in making decisions.
During a recession, policy makers who use the AS/AD model would probably recommend an open market:
A) purchase of government securities that raises interest rates.
B) sale of government securities that raises interest rates.
C) sale of government securities that reduces interest rates.
D) purchase of government securities that reduces interest rates.
Recession, policy makers who use the AS/AD (Aggregate Supply Aggregate D) Purchase of government securities that reduces interest rates.
By purchasing government securities, the central bank injects money into the economy, which leads to an increase in the money supply. This, in turn, reduces interest rates. Lower interest rates encourage borrowing and investment by businesses and consumers, which can stimulate aggregate demand and help combat a recession. When interest rates are lowered, probably it becomes cheaper to borrow money for Therefore, in a recessionary period, policy makers using the AS/AD model would likely recommend the purchase of government securities to reduce interest rates and stimulate economic activity.
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What are the remedial measures of unemployment in nepal?explain
the portfolio of a growth and income fund is likely to contain a high percentage of stocks in established companeis and a small amount of fixed income securities
Yes, that statement accurately describes the characteristics of a growth and income fund's portfolio. A growth and income fund is designed to provide investors with a combination of capital appreciation (growth) and regular income (dividends or interest payments).
The high percentage of stocks in established companies indicates the growth aspect of the fund. These stocks are generally issued by well-established, financially stable companies that have a track record of generating consistent earnings and paying dividends. Investing in such companies provides the potential for long-term capital appreciation as these companies continue to grow and increase their value over time.
Fixed income securities generally provide a regular stream of interest payments or dividends to investors, which can supplement the fund's overall return. Although the allocation to fixed income securities may be smaller, they serve as a source of stability and income for the fund.
By combining stocks in established companies with fixed income securities, a growth and income fund aims to provide investors with a balanced portfolio that offers growth potential while also generating regular income. The exact allocation between stocks and fixed income securities may vary depending on the specific fund's investment strategy and objectives.
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