Demand for Rover dogwalking services in Harrisonburg is given by the following inverse demand function: Pa(g) = 30 9. 1 10 while the supply of dogwalking services is given by the following inverse supply function: 2 P.(g) 10% where q denotes the number of dogwalks demanded or supplied. (a) (6) What is the equilibrium price and quantity of dogwalks in Harrisonburg? How high are consumer and producer surplus? (b) (4) The City of Harrisonburg aims to increase government revenue by implementing a tax on producers of $3 for every dog walked. What will be the result of this new tax on the equilibrium price that consumers pay, the price producers receive, and the number of dogwalks that occur? (c) (6) How much tax revenue will be generated as a result of this tax? What are consumer and producer surplus after the tax is implemented? (d) (2) How much dead weight loss does the tax generate? (e) (10) For this part of the question, suppose that supply is perfectly inelastic at the original equilibrium quantity. If the same $3 production tax is imposed, what happens to the equilibrium price that consumers pay, the price producers receive, the number of dogs walked, the tax revenue) that is generated, and the deadweight loss that arises after the tax is implemented? You need five separate answers for this part - no detailed math is necessary, but a picture might help. In one sentence, summarize your results - don't simply re-state them, but provide intuition.
Answers
The imposition of a production tax affects the equilibrium price, the price received by producers, the quantity of dogwalks, tax revenue, and deadweight loss.
(a) The equilibrium price and quantity of dogwalks in Harrisonburg can be determined by setting the quantity demanded equal to the quantity supplied. In this case, we have:
Pa(g) = Ps(g)
30 - 9Qd = 2 + 0.1Qs
Solving this equation, we find that the equilibrium quantity is Q = 28 and the equilibrium price is P = $12. Consumer surplus can be calculated as the area below the demand curve and above the equilibrium price, which is equal to $216. Producer surplus can be calculated as the area above the supply curve and below the equilibrium price, which is equal to $64.
(b) The implementation of a $3 tax on producers will increase the cost of supplying dogwalks. As a result, the supply curve will shift upwards by $3. The new equilibrium price that consumers pay will increase to $15, while the price producers receive will decrease to $12. The number of dogwalks that occur will decrease from 28 to 25.
(c) The tax revenue generated can be calculated by multiplying the tax per unit ($3) by the quantity supplied after the tax (25). Therefore, the tax revenue will be $75. After the tax is implemented, consumer surplus will decrease to $125, while producer surplus will decrease to $25.
(d) The deadweight loss represents the loss in total surplus due to the tax. It can be calculated as the triangle between the supply and demand curves, above the new equilibrium quantity and below the initial equilibrium quantity. The exact amount of deadweight loss would depend on the specific area of the triangle.
(e) If the supply is perfectly inelastic, the equilibrium quantity remains unchanged at 28. However, the entire burden of the tax falls on producers, resulting in a decrease in the price received by producers to $9. The price paid by consumers will increase to $15, generating tax revenue of $84. Since the supply is inelastic, there is no deadweight loss.
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Related Questions
Help me please, i’ll give brainliest and 15 points!!!!
Answers
In the process of mentoring, in which a more experienced employee guides and nurtures a newer, less experienced employee, it is recommended that:
a.) all senior employees in the department be assigned their turn as mentors to afford them the experience
b.) at the start of the relationship a specific length of time for the mentoring to last is established
c.) the manager closely monitors the mentor's behavior during the relationship
d.) mentors should serve voluntarily and willingly without being required to do so
Answers
Mentoring is the process by which a more experienced employee guides and nurtures a newer, less experienced employee. The process of mentoring provides an opportunity for an experienced employee to share knowledge and skills with less experienced ones.
It is recommended that mentors should serve voluntarily and willingly without being required to do so. The process should be an opportunity for the mentor to develop their skills, and therefore it should be voluntary.
The process of mentoring should also be a two-way street, where both parties gain valuable experiences from one another.
At the start of the relationship, a specific length of time for the mentoring to last is established to help both parties prepare for the mentoring period.
The relationship should be nurtured and monitored by the manager, but the mentor should be free to take responsibility for the mentoring process.
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Most new jobs in the United States will be in the a manufacturing industries:
b. goods-producing industries
C. service-producing industries
d. agriculture-producing industries
Please select the best answer from the choices provided
Α
B
С
D
Answers
Answer:
d agriculture-producing industries
Most new jobs in the United States will be in manufacturing industries service producing industries. The correct option is c.
In the United States, manufacturing is an important economic sector. The United States is the world's third-biggest manufacturer (after the People's Republic of Chine and the European Union), with a record high real output of $2.00 trillion (adjusted for inflation in 2009 dollars) in Q1 2018, significantly above the $1.95 trillion peak before the Great Recession in 2007.The manufacturing industry in the United States employed 12.35 million people on December 2016 versus 12.56 million in December 2017, a 1.7% rise.
Manufacturing, while still a significant portion of the US economy, contributed less to GDP in Q1 2018 than the 'Finance, insurance, real estate, rental, other leasing' sector, the 'Government' sector, or the 'Professional and business services' sector.
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Why does demand rise when house prices increase? (Macroeconomics)
Answers
Answer: If house prices rise, then the wealth effect is likely to cause an increase in consumer spending. This will cause higher Aggregate Demand (AD), and it is likely to cause an increase in Real GDP and a higher rate of economic growth.
Explanation:
Given the ethical lapses prevalent today, how can we restore trust in the free-market system and in leaders in general?.
Answers
To restore trust in the free market system and the government in general what has to be done is to
make transparent laws.punish the people that are wrong doers.What is a free market system?This is the type of market that has voluntary exchange of goods and also services. In this type of market, demand and supply is the most important.
A great characteristics of the market system is that there is no form of government intervention here:
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an individual’s right to privacy includes the exclusive use of his or her likeness.
T/F
Answers
Yes, the above statement is true. An individual's right to privacy includes the exclusive use of his or her likeness.
This means that a person has the right to control and protect their image and likeness from being used without their consent for commercial purposes, such as advertising or merchandising. This right is often referred to as the "right of publicity" and is recognized in many countries, including the United States. It allows individuals to prevent others from using their name, image, voice, or other identifying features without their permission. However, there are some exceptions to this right, such as when the use of the likeness is for news reporting, commentary, or artistic expression. Therefore, an individual's right to privacy includes the exclusive use of his or her likeness.
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Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.
Answers
Answer:
Revenue Principle and Cost Principle
Explanation:
Revenue principle defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.
Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.
Answer:
Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.
Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.
How do banks make profits?
Answers
Answer:
Banks make money from service charges and fees. Banks also earn money from interest they earn by lending out money to other clients.
Explanation:
the heading of the worksheet should appear as
Answers
To create a professional worksheet, it is important to include a heading. The heading of the worksheet should appear as the title of the document.
It should be located at the top of the document and should include important information such as the name of the worksheet, the name of the author, the date, and any other relevant information that may be important.
The heading of the worksheet should be formatted in a clear and concise manner. This is important because it makes it easier for readers to understand what the worksheet is about. The heading should also be formatted in a way that is easy to read.
This can be done by using a larger font size or bold text to make it stand out. Additionally, it should be placed on a separate line from the main text of the document to further emphasize its importance.
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The transnational strategy is becoming increasingly necessary to compete in international markets for all of the following reasons EXCEPT:
a.differences in culture and institutional environments also require firms to adapt their products and approaches to b.local environments.
c.it is easy to use.
d.the growing number of competitors heightens the requirements to keep costs down.
e.the desire for specialized products to meet consumers' needs.
Answers
The correct answer is c. It is easy to use. The transnational strategy involves balancing global integration and local responsiveness to gain a competitive advantage in international markets.
Differences in culture and institutional environments often require firms to adapt their products and approaches to local environments, and the desire for specialized products to meet consumers' needs is another reason why the transnational strategy is necessary.
Additionally, the growing number of competitors heightens the requirements to keep costs down, as companies need to maintain competitive prices to remain viable in the market.
However, the transnational strategy is not necessarily easy to use, as it requires careful coordination and management of global operations and local subsidiaries.
It also involves significant investments in research and development, as well as marketing and distribution channels, to ensure that products are tailored to local markets while still maintaining a consistent global brand identity.
Therefore, the transnational strategy is becoming increasingly important for companies to succeed in international markets, but it is not necessarily an easy or straightforward approach to adopt.
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The supply and demand equations for a clothing product in a particular week are given by
p=0.7q+6 Supply Equation
p=-1.7q+18 Demand Equation
where p is the price in dollars and q is the quantity in hundreds
Find the equilibrium price and quantity.
Note:
The format of your answer for the price must be written as an integer with two decimals. Examples of this format is $8.35 or $4.00.
The format for the quantity must be written in only integer (in 100), for example 200 (not 2).
Answers
At the equilibrium point, the price for the clothing product settles at $9.50, while the corresponding quantity reaches 500 (in hundreds).
To find the equilibrium price and quantity, we need to set the supply equation equal to the demand equation and solve for the values of p and q.
0.7q + 6 = -1.7q + 18
Combining like terms, we have:
2.4q = 12
Dividing both sides by 2.4, we get:
q = 5
Substituting the value of q back into either the supply or demand equation, we can find the equilibrium price:
p = 0.7(5) + 6
p = 3.5 + 6
p = 9.5
Therefore, the equilibrium price is $9.50 and the equilibrium quantity is 500 (in hundreds).
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Someone Help This Is Due today !!!!
Match the Professionalism term with its meaning
1.
Accountability
2.
Integrity
3.
Punctuality
4.
Productivity
5.
Initiative
a.
doing your job as efficiently and effectively as possible
b.
doing the right thing, even when no one is watching
c.
being responsible for your actions and words
d.
being on time
e.
to take charge or do things without being told
Answers
Answer:
Number 1
Explanation:
Number 1 is correct
What are the definitive characteristics of ser demand
Answers
Answer:
Demand is called the economic factor by which market agents require a certain number of goods and / or services for consumption. Thus, the quantity of goods that these require is the quantity demanded.
Demand is directly influenced by two factors: the price of the good (the higher the price, the lower the demand, as the cost will be higher in relation to wages) and the quantity supplied (the higher the supply, the cheaper the good will be, as there will be availability for all consumers; on the contrary, the lower the supply, the more expensive the good will be as it will be subject to the laws of the market of supply and demand).
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what color is a carrot plzzzzzz this teacher is on my a.ss about it
Answers
Answer:
BLUE Hope this helps :)))))
Explanation:
............
Answer:
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Explanation:
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it has been shown that in the absence of taxes and other market imperfections firm value will be unaffected by dividend policy. explain the logic behind this conclusion
Answers
According to Miller and Modigliani's irrelevance argument, a company's equity share price simply depends on its earning power and is unaffected by how earnings are distributed between dividends and retained earnings.
They noted that given the firm's investment strategy, the dividend policy had no impact on the market price of the share under ideal market conditions with rational investors and no tax differentiate between dividend income and capital appreciation.
According to MM Theory, the government's decision to freeze the dividend will have no effect on stock prices (Wealth of Shareholders). The loss of dividend income will be made up for by a gain in share value for the shareholders.
Since this activity is neither for nor against capital investment, it won't have any real-world effects. However, companies will raise less money from the market because some of the capital they'll need for additional investments will be in the form of retained earnings.
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HELPP! In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was $10,729 billion, government spending was $2,594 billion, and net exports was -$568 billion, how much was investment spending?
Answers
The total amount of the investment spending is $2,236 billion.
What is an investment spending?An investment spending means the private domestic investment or capital expenditures.
The formula for Investment spending is I = GDP − C − G − NX.
Investment spending = $14,991 billion - $10,729 billion - $2,594 billion - (-$568 billion)
Investment spending = $14,991 billion - $10,729 billion - $2,594 billion + $568 billion
Investment spending = $2,236 billion.
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ales for Adidas grew at a rate of 0.5196 in Year 1, 0.0213 in Year 2, 0.0485 in Year 3, and -0.0387 in Year 4. The average growth rate for Adidas during these four years is the closest to Multiple Choice O 3.49% O 11.83% O O 13.77% O 14.02%
Answers
The average growth rate for Adidas during the four years is the closest to 13.77%.To calculate the average growth rate, we sum up the individual growth rates and divide them by the number of years. Adding the growth rates for the four years, we get 0.5196 + 0.0213 + 0.0485 + (-0.0387) = 0.5507.
Dividing this sum by 4 (number of years), we get an average growth rate of 0.5507/4 = 0.1377 or 13.77%. Therefore, the closest option to the average growth rate is 13.77%.
The average growth rate is calculated by summing up the growth rates for each year and dividing by the number of years. In this case, the growth rates for Adidas in Year 1, Year 2, Year 3, and Year 4 are given as 0.5196, 0.0213, 0.0485, and -0.0387, respectively. Adding these growth rates, we get a sum of 0.5507. Dividing this sum by 4, we obtain the average growth rate of 0.1377 or 13.77%.
Therefore, the closest option to the average growth rate is 13.77%. This means that, on average, Adidas experienced a growth rate of approximately 13.77% per year over the four-year period. It's important to note that the negative growth rate in Year 4 has a downward impact on the overall average growth rate.
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evaluate three ways in which employment will minimize emotional stress
Answers
Answer:
Employment allows you to provide for yourself and your family. With employment, you are likely to have your basic necessities covered, like food, utilities and housing.
Employment makes you feel useful in some way, makes you feel as a contributing member of society, a feeling that helps you increase your feelings of self-worth.
Finally, employment helps you plan ahead for the future. If the employment pays well, or if you manage to spend less than you earn, employment allows you to save money, which is the first step in building a personal equity.
The ways in which employment minimizes emotional stress include:
An employment provides a means of socialisation. This would reduce isolation. An employment is a source of income. This allows people to be able to afford luxuries that would reduce emotional stress. Employment reduces idleness. What is employment?Employment refers to when members of the labor force have a job for which they receive some form of compensation.
Donovan is rolling a number cube for a board game. He must roll a five or more to win. What is the probability that Donovan will roll a five or more?
4/6
1/2
1/6
1/3
SHOW WORK
Answers
To determine the probability of rolling a five or more on a number cube, we need to calculate the favorable outcomes (rolling a five or six) divided by the total possible outcomes (rolling any number from one to six).
Favorable outcomes: There are two favorable outcomes (rolling a five or a six).
Total possible outcomes: There are six possible outcomes (rolling any number from one to six).
Probability = Favorable outcomes / Total possible outcomes
Probability = 2 / 6
Simplifying the fraction, we get:
Probability = 1 / 3
Therefore, the probability that Donovan will roll a five or more is 1/3.
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im now a expert yhhhhhhhhhhhhhhhhhhhhh
Answers
Answer:
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Answer:
Eyyy how I wish I can Be the expert tho :<
Which of these statements most aptly defines “critical thinking”?
Answers
An ability to evaluate alternative solutions for a given problem defines critical thinking.
Critical thinking is described as the objective analysis of statistics and statistics given to shape a judgment. It includes information on the problem and assessment.
Based totally on the definition given, the most suitable answer would be the first statement. A capability to objectively asses, examine and apprehend after which to shape a judgment.
Critical thinking is the analysis of to be had information, proof, observations, and arguments to shape a judgment.
The situation is complicated; numerous different definitions exist, which normally consist of the rational, skeptical, and impartial analysis or evaluation of real evidence.
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Identify the stage of the new product development based on the given scenario
Answers
Answer:
Product Development Stage
Explanation:
Killian's board game is in the Product Development Stage.
This stage is the first part of the Product Life Cycle. In this stage, research on the target market and product positioning are carried out. It is at this stage that market research, distribution channels and competitor analysis are carried out and thoroughly outlined. Also, product validation is carried out. This involves getting feedback from test users concerning the use of the product.
So, this stage is Product Development Stage.
You are in charge of purchasing supplies for a lighting company and need to buy 125 feet of electrical wire. A local supplier sells the wire for $1.25 per foot, plus 5% sales tax. An online company sells the wire for $1.75 per foot. The online company also offers a rebate of 10% for the whole order and charges no additional sales tax. If you choose the better of the two prices, how much will you pay for the 125 feet of wire?
Answers
Answer:
$164.06 for the 125 feet
Explanation:
total costs from brick and mortar store = ($1.25 x 1.05) x 125 feet = $164.06
total costs from online store = $1.75 x (1 - 10%) x 125 feet = $196.88
after you compute the total costs per store, you should purchase the electrical wire from the brick and mortar store
look at the picture
Answers
Okay, Lets get started.
For number one lets make a company named "Bluberry"
One way we use technology is for creating our websites, Employing people, and to talk to our workers.
2. BlueberryBoss and BerryPIcker
The rest I have no Idea how to help with.
______________ production systems were developed to enable firms to manage inventory cost and enhance quality. it is a balanced system in which there is little or no delay time and idle in-processes and finished goods inventory. henry ford incorporated elements of this system in his moving automobile assembly lines in the early 1900s.
Answers
Based on supply process management, Lean production systems were developed to manage inventory costs and enhance quality.
The lean production system is established on five essential principles, which assist in balancing the system. There is little or no delay time and idle in-processes and finished goods inventory.
Lean production systems work on five principles, including:
Value, Value stream, Flow, Pull, Perfection.Hence, in this case, it is concluded that the correct answer is "Lean Production system."
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List 3 non-price factors that affect the demand for the goods and services with examples.
Non-price factors: among non-price factors include, income, substitutions and government regulations.
As income increase consumers tend to increase spending at every level of price. If the product substitution is easily available, the demand for the goods and services will reduces.
If the government imposes higher level of tax on certain goods and services, this will have a negative impact on consumer demand for the goods and services.
Answers
Non-price factors, such as income, substitutions, and government regulations, play a crucial role in shaping the demand for goods and services. Managers and businesses need to consider these factors when analyzing market conditions and making strategic decisions to effectively meet consumer demand and maximize their business performance.
1. Income: Changes in consumer income can have a significant impact on the demand for goods and services. As income increases, consumers tend to have more purchasing power and may be willing to buy more goods and services. Conversely, when income decreases, consumers may have to cut back on their spending, leading to a decrease in demand. For example, if a person receives a pay raise, they may be more likely to purchase higher-priced luxury items, thereby increasing the demand for those goods.
2. Substitutions: The availability of substitute goods or services can influence the demand for a particular product. When suitable alternatives are easily accessible and offer similar benefits, consumers may switch their preferences, leading to a decrease in demand for the original product. For instance, if the price of brand A's soda increases significantly, consumers may opt for brand B's soda as a substitute, resulting in a decrease in the demand for brand A's soda.
3. Government regulations: Government policies and regulations can impact the demand for goods and services. Taxes, subsidies, and regulations imposed by the government can alter consumer behavior and affect demand. For example, if the government imposes higher taxes on sugary beverages to discourage their consumption, consumers may reduce their demand for such beverages due to the increased cost, leading to a decrease in demand.
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Which is an advantage of paying your bills using the online bill pay feature with your checking account?
Answers
Answer:
you dont have to drive to the destination to pay your bills, nor you have to worry about other people getting in your way.
Explanation:
Driving to pay an ATM your bills + if its busy can take some time, its easier to use online pay because you can pay at home, by just tapping a few buttons.
Some people might think it the opposite way, but thats them.
Which of the following is not an example of professional behavior
?
Answers
(14%) Let A[1..n] be an array of n positive numbers. Entry A[i] represents the trading price of a stock X on the i-th day (and hence the numbers are ordered chronologically). Write an algorithm max-profit that returns a pair (a, b) such that if one buys stock X on the a-th day and sells it on the b-th day, the maximum profit is made. Give the time complexity of your algorithm in Big-O. Show the derivation of the complexity result.
Answers
To solve this problem, we can use a simple algorithm that iterates through the array and keeps track of the minimum price seen so far and the maximum profit.
The algorithm works as follows: Initialize variables: min_price = A[1], max_profit = 0, buy_day = 1, sell_day = 1. Iterate through the array A from the second element to the last: If A[i] < min_price, update min_price = A[i]. If A[i] - min_price > max_profit, update max_profit = A[i] - min_price, buy_day = index of min_price, sell_day = i. Return the pair (buy_day, sell_day). The time complexity of this algorithm is O(n), where n is the size of the array A. This is because we perform a single pass through the array, comparing and updating values in constant time for each element. Therefore, the algorithm has a linear time complexity.
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What were some of the errors that the analysis uncovered at the
distributor?
Answers
The analysis conducted at the distributor uncovered several errors, which could have had an impact on their operations and overall performance. These errors spanned various areas such as inventory management, logistics and supply chain, pricing and costing, sales and marketing, and financial and accounting.
During the analysis at the distributor, several errors were uncovered across different areas of their operations. These errors included inventory management issues like inaccurate tracking and poor stock rotation, logistics and supply chain inefficiencies, pricing and costing errors, ineffective sales and marketing strategies, and financial and accounting inaccuracies. These errors had negative implications for the distributor's performance, profitability, and competitiveness. Addressing these errors and implementing corrective measures became essential for the distributor to improve operational efficiency and financial accuracy, ultimately leading to better overall performance and success in the market.
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