Answer:
45%
Explanation:
The market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2.
As a result of the shift in the supply curve a new equilibrium price is established at $6.25
That implies that the share of the burden that consumers will bear is $1.25 (which represents 55% portion of the tax) - the difference between the previous and new equilibrium prices.
The other 45% portion of the tax will be borne by the producers
Answer: product line
<span>A group of products which are closely related, under a single brand which satisfies same needs, are used together and are sold to the same group of customers, distributed through the same company is called product line. </span>
Answer:
Consumer surplus = (60000 - 40000)+ (90000 - 40000)+(40000 - 40000) = $70000
Producer surplus = (40000 - 20000)+(40000 - 30000)+ (40000 - 40000) = $30000
Social surplus = Consumer surplus +Producer Surplus= 70000 + 30000 = $100000
Consumer surplus = (Willingness to pay – Price)
Producer surplus = ( Price –Cost)
Answer:
The answer is Late-mover disadvantages
Explanation:
A late mover is a company that enters a business some time after the business pioneers and early followers.
From the question above, Galaxy Ventures is a late mover in the low-cost housing business. They were at a huge disadvantage, and this includes:
- First of all, lack of customer loyalty and substantial dividends (from the question).
- The pioneers and early followers can set the business standards which may be difficult for a late mover to follow.
- The pioneer can easily create entry barriers that a late-mover might find difficult to break.
