The market for pizza is characterized by the following demand and supply curves. Use the grey point (star symbol) to indicate the competitive market equilibrium. Then use the green point (triangle symbol) to shade the area that represents consumer surplus in this market. Next use the purple point (diamond symbol) to shade the area that represents producer surplus. Finally, use the black point (plus symbol) to indicate the deadweight loss in this market. (Hint: If the value for any of these graphical objects is zero, leave that element on the palette.)
Answers
In the market for pizza, the demand and supply curves determine the equilibrium price and quantity. The competitive market equilibrium is indicated by the grey point (star symbol). Consumer surplus, representing the benefit consumers receive from purchasing pizza at a price lower than their willingness to pay, is represented by the shaded area using the green point (triangle symbol). Producer surplus, representing the benefit producers receive from selling pizza at a price higher than their cost of production, is represented by the shaded area using the purple point (diamond symbol). The deadweight loss, which represents the inefficiency in the market, is indicated by the black point (plus symbol).
In a competitive market, the equilibrium price and quantity are determined by the intersection of the demand and supply curves. The grey point (star symbol) represents this competitive market equilibrium, where the quantity demanded by consumers equals the quantity supplied by producers.
Consumer surplus is the area between the demand curve and the equilibrium price, up to the quantity consumed. This represents the extra value consumers receive from purchasing pizza at a price lower than their maximum willingness to pay. It is shaded using the green point (triangle symbol).
Producer surplus, on the other hand, is the area between the supply curve and the equilibrium price, up to the quantity supplied. This represents the extra profit producers receive from selling pizza at a price higher than their minimum acceptable price or cost of production. It is shaded using the purple point (diamond symbol).
The deadweight loss occurs when the quantity traded in the market is less than the socially optimal quantity. It is represented by the black point (plus symbol) and signifies the loss of potential welfare that could have been achieved if the market operated at the efficient level.
By visualizing these graphical elements, we can understand the distribution of benefits between consumers and producers in the pizza market, as well as the inefficiency caused by the deadweight loss.
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Related Questions
which of the following describes intellectual property?responsesthings that are created in the mind and not necessarily able to be seen or touchedthings that are created in the mind and not necessarily able to be seen or touchedinventions or discoveries that have significant educational or scientific valueinventions or discoveries that have significant educational or scientific valueconcepts that are too abstract to be copyrighted or trademarked in any wayconcepts that are too abstract to be copyrighted or trademarked in any wayany kind of work or creation that was developed at a college or university
Answers
Intellectual property describes things that are created in the mind and not necessarily able to be seen or touched. Intellectual property (IP) refers to the rights that are awarded to creators and inventors for their original work and inventions that are products of their intellect or mind.
The intellectual property refers to creations of the mind such as inventions, literary and artistic works, symbols, images, designs and names used in commerce.
Examples of intellectual property include trademarks, patents, copyrights and trade secrets.
The owner of intellectual property has exclusive rights to control its use. This includes the right to prevent others from using or exploiting the intellectual property without permission or authorization.
The purpose of IP laws is to encourage innovation and creativity by granting creators and inventors certain legal rights to their creations and inventions.
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Claire purchases a new dress for the prom. The dress is priced $160, but it is on sale for 30% off. Claire’s aunt works at the store and can give her an additional 10% off. If the sales tax is 7. 5%, how much does Claire pay for the dress? a. $93. 24 b. $103. 20 c. $108. 36 d. $120. 40.
Answers
Answer:
The answer is 108.36!
Explanation:
This is a tricky one lol.
First you 160 x .30 which equals 48 and then you subduct that from 160 which that is 112. Then you do the same thing for the 10% off. So that is 112 x .10 which is 11.2. Subduct that from 112 which is 100.8. Then you have to add the 7.5 sales tax. So thats 100.8 x .075 which is 7.56. Then you add that to the 100.8 which is 108.36.
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Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.
Required:
Prepare journal entries to record the above transactions.
Answers
Answer:
Check pic* it’s not an answer but it is a reference
Explanation:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
Answers
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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all of the following are primary sources of long-term debt financing for companies, except _____.
Answers
Payments to be made. The capital structure of a company refers to: Its combination of stockholders' equity and liabilities.
What is a source of debt financing?
Obtaining bank loans, issuing bonds, or issuing commercial paper are all common forms of debt financing. capital. long-term funds Common Debt Financing Methods Financial institutions like commercial banks, savings associations, and finance companies attempt to provide financing to businesses.
What are the four options for long-term funding?
The primary sources of long-term finances for businesses are the capital market, special financial institutions, banks, non-banking financial companies, retained earnings, as well as foreign investment and external borrowings.
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Which sentence best paraphrases the passage?
Immigrants were examined for physical and mental illnesses.
A doctor’s examination was a quick process.
The doctors were from the United States Health Service.
One doctor looked for physical and mental abnormalities.
Answers
Answer:
A). Immigrants were examined for physical and mental illnesses
Explanation:
Answer:
a
Explanation:
The Government of Country Y owns and controls many businesses. "The public sector always produces goods and services more efficiently than privately owned businesses', a Government minister recently said. Other ministers disagree and want to privatize many state-owned businesses. The private sector businesses in Country Y produce 55 per cent of total output - mainly in services such as transport, tourism and finance. The secondary sector of industry produces 35 per cent of total output.
Answers
Answer:
what do i have to answer?
Explanation:
If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false?
Answers
Answer: True
Explanation:
As the employed you work for the employer which means that it is best to act in a way that the employer deems appropriate.
If the employer therefore gives you constructive criticism, it is most likely to get you to act in a way that they deem appropriate. It would be best to listen carefully and take notes for reference because chances are that such advice will benefit you greatly with other employers or with your employees should you decide to set up your own shop.
Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
Answers
Answer:
$197,263.7
Explanation:
The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,
the interest rate will be -6%
The formula for compound interest is FV = PV × (1+r)^n
in this case
FV= current value
PV= $237,500
r= -6% or -0.06%
n= 3 years
Fv= $237, 500 x ( 1 + (-0.06)^3
Fv=$237,500 x (0.94)^3
Fv= $237,500 x 0.830584
Fv= $197,263.7
The current value =$197,263.7
Predict Consequences When the economy is
expanding, which of the following is a business
MOST likely to do?
A. close its international branches
B. lay off employees
C. invest in new equipment
D. cancel new product development
Answers
The correct option is C.
When the economy is expanding, the business invests in new equipment.
What happens during an expansion in the economy?Expansion, in economics, is an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.
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During january 2016, wells corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the remaining balance.
Answers
The proper statement is that as of the date specified in the journal entries for the acquisition of the inventory, the inventory will be debited and the cash and payables accounts will be credited.
What are journal entries?Journal entries are the financial transactions of a firm that are recorded in the organization's books in the order that they first appear.
Please refer to the graphic below, which includes the journal entries and their consequences as well as a description of the transaction and the event as well as the necessary amounts.
There will be a $200,000 debit in the inventories account, a $500,000 credit in the cash accounts, and a $150,000 credit in the accounts for bills payable in Wells Corp.'s books.
Therefore, the proper statement is that as of the date specified in the journal entries for the acquisition of the inventory, the inventory will be debited and the cash and payables accounts will be credited.
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Complete question:
In January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the remaining balance. This transaction will be recorded as:
Which Type of account is used to store money for longer periods of time and is more likely pay interest to the account holder?
O Checking Account
O Savings Account
Answers
Answer:
Saving account
Explanation:
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
PLEASE MARK ME AS BRAINLIESTWhat income tax form does a self-employed sole proprietor usually use to report business income and expense?
Answers
The Form 1040 Schedule C is the primary tax form used by self-employed sole proprietors to report their business income and expenses for income tax purposes.
A self-employed sole proprietor typically uses Form 1040 Schedule C to report business income and expenses. This form is also known as the Profit or Loss from Business form. The Schedule C form is used to calculate the net profit or loss of the business, which is then transferred to the owner's personal income tax return on Form 1040.
As a sole proprietor, the business income and expenses are reported on the owner's personal income tax return rather than a separate business tax return. The Schedule C form is used to report the income and expenses of the business and is an important tool for calculating the amount of income tax that the owner owes.
It is important for self-employed sole proprietors to keep accurate and detailed records of their business income and expenses throughout the year, as this information will be used to complete the Schedule C form. The IRS may audit the owner's tax return and request documentation to support the reported income and expenses, so it is important to maintain thorough records.
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discuss the steps of growing mushrooms
not a too long answer
Answers
Answer:
The Pennsylvania State University,
College of Agriculture, Extension Service,
University Park, Pennsylvania
Mushroom farming consists of six steps, and although the divisions are somewhat arbitrary, these steps identify what is needed to form a production system.
The six steps of mushroom farming:
Phase I
1. Composting
Phase II
2. Composting
3. Spawning
4. Casing
5. Pinning
6. Cropping
What are the total expenses for Forks Gym for the month of March?
$500
$3500
$2000
$1000
Answers
Answer:
7,000 is the answer
Explanation:
on january 1, 2021, leo paid $15,000 for 5 percent of the stock in bls, an s corporation. in november, he loaned $8,000 to bls in return for a promissory note. bls generated a $600,000 operating loss in 2021.
Answers
According to a given situation, None of Leo's share of his income is included in his 2018 taxable income.
What is Taxable income?Any gross salary that is used to evaluate how much income you pay is referred to as taxable income. The main goal of taxation is to generate money to pay for massive public spending and develop infrastructure.
The BLS investment is not eligible to use the equity method because his participation share of the company is less than 20%. When dividends are paid out and the share's market price fluctuates, Leo will profit from the investment.
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The complete question is Probably
On January 1, 2017, Leo paid $15,000 for 5 percent of the stock in BLS, an S corporation. In November, he loaned $8,000 to BLS in return for a promissory note. BLS generated a $600,000 operating loss in 2017. BLS generated $408,000 ordinary business income in 2018. How much of Leo’s share of this income is included in his 2018 taxable income?
Which organ systems are used to help the body shiver?
circulatory and respiratory
nervous and muscular
circulatory and muscular
respiratory and nervous
Answers
The organ systems which are used to help the body shiver are: B. nervous and muscular.
What is a nervous system?A nervous system simply refers to a network that typically consist of nerve cells and fibers, which are primarily used for the transmission of neural impulses (signals) and control of the muscular system in the body of a living organism.
This ultimately implies that, the nervous system is saddled with the responsibility of controlling the muscular system within the body of all living organisms.
In conclusion, we can reasonably infer and logically deduce that the nervous and muscular system are organ systems that helps the body of a living organism shiver.
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organizations must plan and carefully design their global sites so that they also cater to local needs and preferences, a process sometimes called .
Answers
Localization refers to the adaptation of products, services, and content to meet the cultural, linguistic, and regulatory requirements of a specific market or region.
In the case of global websites, localization involves designing and developing websites that can effectively communicate with local audiences, while also taking into account the cultural and linguistic differences between countries.
To ensure effective localization, organizations must take into account various factors such as local language and dialects, cultural nuances, currency and payment options, and legal and regulatory requirements. This requires a detailed understanding of the target market and a strategic approach to website design and development.
By investing in effective localization, organizations can better engage with local audiences, build brand awareness, and drive revenue growth. In today's globalized marketplace, localization is an essential aspect of any successful international strategy.
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PLEASE HELP WILL MARK BRAINLIEST
Answers
Answer:
the answer is true
Explanation:
If a country did not participate in international trade, Group of answer choices it's production possibilities frontier is also its consumption possibilities frontier. interdependence is greater than would be the case with trade. it is better off because it will have to learn to be self-sufficient without trade. it can still benefit from international specialization.
Answers
Answer:
it's production possibilities frontier is also its consumption possibilities frontier
Explanation:
The production possibilities frontier shows the various combinations for the two goods an economy can produce when all its resources are fully employed.
The consumption possibility frontier, is the budget constraint where participants in international trade can consume. When a country doesn't participate in trade, it is this constraint identical to the the production–possibility frontier
what is the osmotic pressure of a solution of fecl3? (given: m = 0.04 m, t = 25 °c, and i = 3.4)
Answers
The osmotic pressure of a solution of FeCl3 with a molarity of 0.04 M at 25°C and an ionic strength of 3.4 is approximately 8268.072 J/mol.
The osmotic pressure of a solution of FeCl3 can be calculated using the formula:
Π = iRT
where,
Π = osmotic pressure
i = ionic strength (given as 3.4)
R = gas constant (8.31 J/mol K)
T = temperature in kelvin (25°C = 298 K)
Plugging in the values,
Π = 3.4 * 8.31 * 298
Π = 8268.072 J/mol
Therefore, the osmotic pressure of a solution of FeCl3 with a molarity of 0.04 M at 25°C and an ionic strength of 3.4 is approximately 8268.072 J/mol.
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Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answers
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
Toast, a Belleville, Ontario, restaurant, began with investments by the partners as follows: Lea, $241,200, Eva, $179.200, and Sophia, $193.600 The first year of operations did not go well, and the partners finally decided to liquidate the partnership, sharing all losses equally. On December 31, after all assets were converted to cash and all creditors were paid, only $62,000 in partnership cash remained Required:
1. Calculate the capital account balances of the partners after the liquidation of assets and payment of creditors (Negative amounts should be indicated by a minus sign.)
2. Assume that any partner with a deficit pays cash to the partnership to cover the deficit. Present the general journal entries on December 31 to record the cash receipt from the deficient partner(s) and the final disbursement of cash to the partners.
3. Now make the contrary assumption that any partner with a deficit is not able to reimburse the partnership. Present journal entries: (a) to transfer the deficit of any deficient partners to the other partners, and (b) to record the final disbursement of cash to the partners.
Answers
After liquidation, Lea's capital account balance is $86,400, Eva's balance is -$113,600, and Sophia's balance is -$185,800.
Assuming deficient partners pay cash, the journal entries record the cash receipt from Eva and Sophia to cover their deficits.
Assuming deficient partners cannot reimburse, the journal entries transfer the deficits to Lea's capital account and record the final cash disbursement to Lea.
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Ravi took on a system implementation project that he estimated would take six months to complete, but the work keeps continuing. What is the likely cause
Answers
There could be several reasons why Ravi's system implementation project is taking longer than the estimated six months. Here are some possible causes:
Scope Creep: The project requirements may have expanded or changed over time, resulting in additional work that was not initially accounted for.Poor Planning: Insufficient planning or inaccurate estimation of project timelines and resources can lead to delays and prolonged project duration.Resource Constraints: Limited availability of skilled personnel, inadequate team size, or resource allocation issues can slow down project progress.Technical Challenges: Unforeseen technical complexities, difficulties in integrating different systems, or issues with third-party software can contribute to project delays.Communication Issues: Lack of effective communication and collaboration among project stakeholders, team members, or external parties can lead to misunderstandings and delays.Dependencies and Constraints: The project might be dependent on external factors, such as the availability of data or cooperation from other departments or organizations, which can cause delays if not adequately managed.It is essential for Ravi to assess the specific circumstances of the project and identify the underlying cause(s) for the prolonged duration. Ravi's system implementation project is taking longer than the estimated six months.
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What are the keys to active listening? (Open-Ended Question)
Answers
Paying attention: Give the speaker your undivided attention, avoid distractions, and maintain eye contact.
Showing interest: Use verbal and nonverbal cues, such as nodding, smiling, and asking questions, to show that you are engaged in the conversation.
Asking questions: Ask open-ended questions to clarify what the speaker is saying, and show that you are interested in learning more.
Paraphrasing: Repeat what the speaker has said in your own words to ensure that you have understood their message correctly.
Reflecting feelings: Acknowledge the speaker's emotions and feelings, and respond in a supportive and empathetic way.
Providing feedback: Provide feedback on what the speaker has said, and respond with your own thoughts and ideas.
By practicing active listening, you can build stronger relationships, improve communication, and gain a deeper understanding of others.
Directions: Choose whether each statement describes a credit union, commercial bank, or both by placing the corresponding letter in the blank 1 point each)
Class
A. Credit Union
B. Commercial Bank
C. Both
1. Anyone can open an account here
2. Offers financial services
3. Owned by their customers
4. In business to make money
5. Membership requirements to open an account
Answers
Anyone can open an account in a commercial bank and offers financial services.
What is a commercial bank?An example of a financial intermediary is a commercial bank, which provides a range of products and services to businesses to meet their liquidity needs. The institution receives and oversees deposits in order to earn fee income and act as a low-cost source of funds. The acceptance of deposits and the granting of credit are the two basic ways that commercial banks make money, and they cater to a variety of economic sectors as clients. Both business banks and commercial banks simultaneously provide services to small and medium-sized firms (SMEs). Depending on whether a client meets middle market or business bank criteria, they could be classified into "small business" and "commercial bank" groups, respectively.
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1. Some bacteria are helpful to the body and:
a. cause cavities
b. die quickly outside other living cells
c. help the digestive system function properly
d. give you energy
2. Germs produce toxins in the body that can make you:
a. sneeze a lot
b. cough
c. have diarrhea
d. all of the above
3.List three ways to keep germs from spreading.
4. Describe the proper way to wash hands.
5. Describe what the immune system does for the body.
6. An antigen:
a. is an unknown substance that infects the body
b. is a protein that attaches itself to germs to get rid of them
c. destroys germs in the body
d. is a type of immunity you are born with
7. True or false: Vaccinations help to provide us with adaptive immunity, which is immunity that develops as we are exposed to diseases. T F
8. White blood cells help to:
a. infect the body
b. provide passive immunity
c. destroy infections
d. weaken your immune system
9. A specialized protein that recognizes invaders to the body and attaches to them is called:
a. an antigen
b. an antibody
c. a complement
d. a T cell
10. True or false: It’s OK not to wash my hands after using the bathroom at home because it's cleaner than a public restroom. T F
Answers
Answer:
I messaged you the asnwer.
Explanation:
Under the headright system, anyone who brought in a sizable number of servants would immediately acquire a large estate. T/F
Answers
Anyone who hired a big number of servants received a sizable estate straight away under the Headright System. The Magna Carta recognised the "Rights of Englishmen."
What does the received meaning mean?
The adjective past participle of the verb receive, which means "accept," was first used to describe something that was "commonly recognised as true or worthy" in the fourteenth century. Therefore, something which has been acknowledged, noted, or welcomed as right or beneficial. Receipt can also refer to "anything received" or "the act or process of receiving." We were told to open the parcel as soon as we got it. Receipt, as a verb, meaning to "mark (a bill, item, or service) as paid." After payment, all books will receive receipts.
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Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.
Answers
Answer:
D.
Explanation:
They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.
Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answers
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.