Q10. The supply and demand for soda in a market is represented by Q°= 120-10P; Q = 50P, where Q is in millions of bottles per year and P is dollars per bottle. The current equilibrium price is $2, and 100 million bottles are sold per year.
Calculate the share of a tax that will be borne by consumers and the share borne by producers.
Answers
The share of the tax borne by consumers is 0% and the share borne by producers is 100%.
To calculate the share of a tax borne by consumers and producers, we need to determine the new equilibrium-price and quantity after the tax is imposed. The tax burden on consumers and producers can be assessed by comparing the price changes. Let's assume there is a tax of t dollars per bottle. This tax will increase the price paid by consumers and reduce the price received by producers.
For consumers:
The new price paid by consumers will be Pc = $2 + t.
For producers:
The price received by producers will be Pp = $2 - t.
To find the new equilibrium, we set the quantity demanded equal to the quantity supplied:
Qd = 120 - 10Pc = 120 - 10($2 + t) = 100 - 10t,
Qs = 50Pp = 50($2 - t) = 100 - 50t.
Setting Qd = Qs, we have:
100 - 10t = 100 - 50t.
Simplifying, we find:
40t = 0,
t = 0.
The tax does not affect the equilibrium price and quantity in this case. As a result, the entire tax burden is borne by the producers, and consumers do not bear any share of the tax. Therefore, the share of the tax borne by consumers is 0% and the share borne by producers is 100%.
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Related Questions
What do individuals and households provide to the government?
Answers
An investment in a machine costs $815,000 and net cash inflows of $X are expected for the next 7 years. The applicable discount rate is 8%. If the project is accepted, what is the minimum that X can be?
A) $141,822
B) $133,190
C) $144,524
D) $130,465
E) $156,539
Answers
The present value of an annuity of X that is minimum can be $133,190. The correct option is B).
To find the minimum value of X, we need to use the net present value (NPV) formula and set it equal to the cost of the investment, which is $815,000.
The formula for NPV is:
NPV = ∑(net cash inflow / (1 + discount rate)^t) - initial investment
Where: ∑ = sum over all the years (from year 1 to year 7), t = the year (1 for the first year, 2 for the second year, and so on)
We know that the initial investment is $815,000 and the discount rate is 8%. So, the NPV formula becomes:
$815,000 = ∑(X / (1 + 0.08)^t) - $815,000
Simplifying the formula, we get:
$1,630,000 = ∑(X / 1.08^t)
Now, we need to solve for X by finding the value that satisfies the equation. We can do this by using a financial calculator or a spreadsheet program like Excel.
Using Excel, we can use the following formula to calculate the sum of the present values of the cash inflows:
=PV(0.08,7,-X)
This formula calculates the present value of an annuity of X dollars per year for 7 years at a discount rate of 8%. We use a negative sign for X because it represents cash outflows (i.e., the investment).
Solving for X, we get:
X = -$133,190.10
Note that the negative sign indicates that the cash flows are inflows, not outflows.
Therefore, the minimum value of X that would make the project worthwhile is $133,190.10, which is option B).
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Did the entrepreneur(s) get a deal from at least one Shark?
Answers
Answer:
One entrepreneur struck an agreement on-air with a shark that never materialized, and another struck a bargain that the shark later backed out of.
Explanation:
Can someone help me solve this like atleast give 50$ 75$ I’ll give you 100 points or brainlist I’ll work for the 100 points don’t answer if wrong
Answers
I do my lil dance dance
They do it nasty
She tell me
5 Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20-3: $ Capital $ Drawings 15200 125000 Premises 95 000 Office equipment Fees from clients 21600 Insurance 3110 Printing and stationery 2480 Wages Office expenses 59 650 3120 Rent receivable Trade receivables 6150 6000 9510 Bank overdraft Cash 65950 150 206460 206460 Prepare Ayesha's income statement for the year ended 30 September 20-3 and a statement of financial position at 30 September 20-3.
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From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000
What is the income statementFees from clients: $21,600
Expenses:
Wages: $59,650
Rent: $3,120
Office expenses: $3,110
Printing and stationery: $2,480
Insurance: $3,110
Total expenses: $71,470
Net profit: $21,600 - $71,470 = -$49,870 (Loss)
Statement of Financial Position at 30 September 20-3:
Assets:
Premises: $95,000
Office equipment: $6,000
Rent receivable: $6150
Trade receivables: $6,000
Bank overdraft: $65,950
Cash: $150
Total assets: $181,250
Liabilities:
Drawings: $125,000
Capital:
Capital balance: $15,200
Total liabilities and capital: $181,250
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d. Do these two methods give you consistent results with regard to the standard of living of minimum-wage workers over time? e. The minimum wage did not change over the eight-year period from 1981 to 1989. By what percentage did the purchasing power of the minimum wage decline over this period? (Hint: Inflate the value of the minimum wage in 1981 to its equivalent in 1989. Then generate the percent change.) What happened to the standard of living of minimum-wage workers over the period from 1990 to 2000 ? (Inflate the 1990 minimum wage and compare it to the 2000 minimum wage.)
Answers
D. Comparing the standard of living of minimum-wage workers over time using two different methods may not necessarily yield consistent results.
E. The percentage change, you would use the formula: ((New Value - Old Value) / Old Value) * 100.
The standard of living is a multifaceted concept that encompasses various factors such as income, purchasing power, access to goods and services, and overall well-being. Changes in the minimum wage alone do not provide a comprehensive picture of the standard of living.
Other factors, such as inflation, changes in the cost of living, employment opportunities, and overall economic conditions, also play a significant role in determining the standard of living. Therefore, relying solely on changes in the minimum wage may not accurately reflect the overall changes in the standard of living of minimum-wage workers over time.
To determine the percentage decline in the purchasing power of the minimum wage from 1981 to 1989, you would need to adjust the value of the minimum wage in 1981 to its equivalent in 1989, taking into account the inflation rate over that period. Once you have the inflated value of the minimum wage in 1989, you can calculate the percentage change compared to the minimum wage in 1981.
For example, if the minimum wage in 1981 was $5 per hour and the inflation rate from 1981 to 1989 was 30%, the inflated value of the minimum wage in 1989 would be $5 * (1 + 0.30) = $6.50 per hour.
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a financial exchange will need to occur. Evaluate each of the following types of financial exchanges and recommend the best option for the exchange.
(a) Cash
(b) Credit
(c) Debit
(d) Electronic Funds Transfer (EFT)
Answers
Financial exchange can be of different types however the best option for exchange is A. Cash.
What is Credit?Credit is the type of transfer of financial assets, this transfer includes financial institutions in this type the funds are transferred.
Debit
An exchange type is debit which is the transfer of financial liabilities in return of a consideration, One party transfer a good or service and instead of payment the party which transferred goods also transfers some liabilities.
Electronic Funds Transfer (EFT) is the exchange which is completely online and transfer is made through financial institutions, this transfer is quick.
Cash is the most preferred mode of exchange and therefore this is considered as the best option. Cash is paid in hand, it has the lowest risk of false transfer.
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how Is productivity determined?
a.by measuring The relationship to inputs and outputs
b. by comparing the profitability of competing markets
c. by measuring the relationship between supply and demand
d. by comparing the number of hours worked by all employees
Answers
Answer:
a. by measuring The relationship to inputs and outputs
Explanation:
Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.
Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.
In 2019, buckeye brewing produced 1,000 bottles of beer each day. It employed 10 workers each working 8 hours a day. In 2020, it produced 960 bottles of beer each day. In that year, it employed 8 workers who worked 8 hours each day. Productivity at buckeye brewing.
Answers
Productivity at buckeye brewing is increased by 20%.
What is productivity?Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.
Why is productivity important?Since 1947, productivity gains have allowed the U.S. corporate sector to generate nine times more goods and services with only a little increase in labour hours. A growing economy can create and consume more products and services for the same amount of labour thanks to increases in productivity.
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How long should a cover letter be? A. Less than one page B. Two pages C. Three pages D. More than four pages Please select the best answer from the choices provided A B C D
Answers
Answer: A. Less than one page
Explanation:
PLEASE HELP!!!
Money going out of a business is called _BLANK_.
A. income
B. expenses
Answers
Answer:
Expenses
Explanation:
how does free trade tend to benefit society? multiple select question. it helps businesses succeed by monopolizing their industries. it reduces animosity among nations that trade with each other. it encourages businesses to use low-cost production techniques. it spurs economic growth by encouraging business to innovate.
Answers
Countries that are open to international trade tend to grow faster, innovate, improve productivity, and provide their citizens with higher incomes and more opportunities. hence option C and D is correct
What is Free Trade ?Open trade also benefits lower-income households by making goods and services more affordable to them.
Trade is critical to America's prosperity because it fuels economic growth, supports good jobs at home, raises living standards, and allows Americans to provide affordable goods and services for their families.
Free trade agreements do more than just reduce and eliminate tariffs; they also assist in addressing behind-the-border barriers that would otherwise impede the flow of goods and services; encouraging investment; and improving rules governing issues such as intellectual property, e-commerce, and government procurement.
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One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answers
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
how many calories is a chicken quesadilla from taco bell
Answers
The specific number of calories in a chicken quesadilla from Taco Bell may vary depending on the size and specific ingredients used. It's best to refer to the official Taco Bell website or contact Taco Bell directly for accurate and up-to-date nutritional information.
To determine the number of calories in a chicken quesadilla from Taco Bell, you can follow these steps:
Visit the official Taco Bell website or use a reliable nutrition database that provides information on fast food menu items.
Search for the chicken quesadilla on the Taco Bell menu or find a specific nutrition entry for it.
Look for the nutritional information section, which should include the calorie count.
Pay attention to the serving size specified for the chicken quesadilla. The calorie count provided is usually based on a standard serving size.
Note the total calories listed for the chicken quesadilla. This will give you the estimated number of calories in one serving.
Keep in mind that nutritional information can vary based on factors such as portion size, specific ingredients used, and any customizations or additions made to the item. It's always best to refer to the official source for the most accurate and up-to-date information.
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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
Answers
Explanation: none
Which of the following behaviors is likely to be considered unethical?
A) a manager hires a friend rather than a more qualified applicant
B) a manager underpays an employee, knowing that the employee can't afford to quit
C) company executives encourage employees to invest in company stock while withholding information about financial problems
D) an employee accepts a gift from a supplier in return for a large order
E) all of the above
Answers
Answer:
E) all of the above
Explanation:
Unethical behavior is engaging in activities that are considered wrong or improper in society. It entails indulging in behavior that goes against the expected code of conduct in a profession or the workplace. In short, unethical behavior is not doing the right thing.
In the list provided, none of the behaviors is correct or acceptable in the workplace. They are all unethical.
An investor who wants to purchase previously issued shares of stock from another investor would trade in the _____.
Answers
An investor who wants to purchase previously issued shares of stock from another investor would trade in the stock market
What are common stocks?
Common stocks are issued by a company to investors for them to become part owners of the company by purchasing the stocks, however, the previously issued stocks of a company cannot be bought directly from the company, rather the investor would purchase such stocks in the stock market.
In essence, when the company issued to the stocks to investors for the first time through initial public offer, an investor can purchase from the company, however, going forward the investors would buy and sell the company stocks among themselves in the stock market
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What is the term for a variety of activities designed to stimulate a trial or
purchase?
A. Sales promotion
B. Advertising
C. Public relations
D. Personal selling
Answers
Answer:
I think B.Advertising
Answer:
Sales Promotion
Explanation:
Just took the test.
What should you do in the following scenario?
You are meeting with a colleague and within the conversation, the colleague talks about going to dinner with a client, holding hands, and seems to indicate he is thinking of pursuing a relationship.
Answers
Answer:
it seems kind of inappropriate to have a relationship with a client
Explanation:
When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.
Answers
The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.
A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.It do occur when government give that control to a firm on essential service such as water treatment.
Therefore, option B is correct.
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Answer:
B. a natural monopoly.
Explanation:
Suppose you find that the expressions of the marginal utilities for a consumer are given by MU
1
(x
1
,x
2
)=2 and MU
2
(x
1
,x
2
)=7. Then you can conclude that: This consumer has Cobb-Douglas tastes For this consumer good 1 and good 2 are perfect complements For this consumer good 1 and good 2 are perfect substitutes None of the above
Answers
None of the above. The marginal utilities for goods 1 and 2 are given as MU1(x1, x2) = 2 and MU2(x1, x2) = 7, respectively. These marginal utilities indicate the additional utility a consumer derives from consuming an additional unit of each respective good.
However, based on these marginal utilities alone, we cannot determine the specific type of consumer preferences.
Cobb-Douglas tastes refer to a specific utility function form where the marginal utility of each good is proportional to its respective quantity raised to a constant exponent. Without knowing the functional form of the utility function or the relationship between the marginal utilities, we cannot conclude that the consumer has Cobb-Douglas tastes.
Perfect complements occur when the consumer's utility depends on the minimum of the quantities consumed of each good. In this case, the marginal utility of one good becomes zero when the other good is exhausted. Without such information about the relationship between the marginal utilities, we cannot conclude that goods 1 and 2 are perfect complements.
Similarly, perfect substitutes occur when the consumer is indifferent between different combinations of the two goods, meaning the marginal utilities of the goods are equal. Without this information or any indication of equal marginal utilities, we cannot conclude that goods 1 and 2 are perfect substitutes.
Therefore, based solely on the given marginal utilities, none of the above conclusions can be drawn regarding the specific preferences of the consumer.
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Q:
Suppose you find that the expressions of the marginal utilities for a consumer are given by MU1(x1,x2)=2 and MU2(x1,x2)=7. Then you can conclude that:
This consumer has Cobb-Douglas tastes
For this consumer good 1 and good 2 are perfect complements
For this consumer good 1 and good 2 are perfect substitutes
None of the above
at point a on the demand curve shown, by what percentage will a 1 percent increase in the price of the product affect total expenditure on the product?
Answers
If a product's price goes up by 1%, the overall cost of purchasing it stays the same while the amount desired goes down.
How to determine it?To determine the percentage change in total expenditure on the product at point A on the demand curve after a 1 percent increase in price, you would follow these steps:
1. Identify point A on the demand curve and its coordinates (price and quantity demanded).
2. Calculate the original total expenditure (TE) at point A: TE = Price × Quantity Demanded.
3. Increase the price by 1 percent.
4. Use the demand curve equation to find the new quantity demanded after the price increase.
5. Calculate the new total expenditure (TE') after the price increase: TE' = New Price × New Quantity Demanded.
6. Find the percentage change in total expenditure: %ΔTE = [(TE' - TE) / TE] × 100%.
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According to the environment industry organization for model cell 2 represents which of these environments
Answers
It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.
The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.
In the environment industry organization model, cell 2 simply means the complex stable environment.
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Which of the following is not an element of marketing?
A. product
B. policy
C. promotion
D. price
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The answer is B. policy
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are good oppurtunities always spotted quickly or they often left unrecognized ?
Answers
Answer:
often left unrecognised
Answer:
Spotted quickly
Explanation:
The debit balance in a nominal account shows:
a) Gains b) Expenses
c) Assets d) None of the above
(answer the above question correctly)
Answers
ECON QUESTION !!
What is the overall objective of a business raising financial capital?(1 point)
A) decrease operating costs and increase the number of investors
B) increase revenues and the number of investors
C) reducing financial obligations and increase revenue
D) grow and increase profit
chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated
Answers
The main goal is to increase shareholder value as much as possible.
Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.
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For bonds trading at a premium, rank the yield measures from lowest to highest? i nominal ii current iii basis iv yield to call basis
Answers
For bonds trading at a premium, rank the yield measures from lowest to highest is normal yield, current yield, yield to call basis and basis yield. i. Nominal yield: The fixed interest rate that was mentioned on the bond when it was issued is known as the nominal yield, sometimes referred to as
the coupon rate. Due to the fact that it ignores the bond's purchase price, it has the lowest yield measure. ii. Current yield: To determine the current yield, divide the bond's market price by the annual interest payment (coupon). While it offers a more precise representation of the yield than the
nominal yield, the bond's purchase price is still not taken into account. iii. Yield to call basis: Yield to call (YTC) is the yield that accounts for the bond's premium as well as the risk that the issuer will call (redeem) the bond before it reaches maturity. Because it takes into account the premium
paid, yield to call basis is higher than the current yield. IV. Basis yield: The highest yield indicator for bonds trading at a premium is basis yield. It depicts the yield taking into account the premium paid as well as the potential for the bond to be called (redeemed) before maturity.
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Sienna wants to reconcile her bank account to check how much money she has to spend.
What does she need to do to adjust the balance in her bank statement?
While adjusting her bank statement balance, Sienna should first add 1.) ________
and then deduct 2.) _________.
1.)
- deposits in transit
- NSF fees
- bank service charges
2.)
- bank errors
- outstanding checks issued
- interest earned
Answers
1. NSF fees and service charges would be money taking out of her account. She wants to add what is being put into her account so she should add deposits in transit.
The answer is Deposits in transit.
2. Deductions is money being taken out, so she would deduct outstanding checks issued.
Answer: outstanding checks issued.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false