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GuDViN [60]
2 years ago
12

What happens to the total surplus in a market when the government imposes a tax?.

Business
1 answer:
Simora [160]2 years ago
4 0

Total surplus decreases in a market when the government imposes a tax.

<h3>What is tax?</h3>

Tax is a compulsory levy, impose on an individual or institutions by the government of a country.

When the government levies tax on the goods produced, producers will pass some of these costs on as an increased price. This means that consumers will ultimately decrease quantity demanded and reduce producer surplus.

Learn more about taxes here : brainly.com/question/1133253

#SPJ1

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Width of a rectangle is 7 meters greater than its length if ​
Gwar [14]

Answer:

x^2 + 7c - 170 = 0

Explanation:

Hope this helps!

6 0
3 years ago
The company has provided the following estimated costs: Advertising expense $ 800 Direct labor 3,000 Direct materials 1,500 Indi
natita [175]

Answer:

$3,400

Explanation:

The total amount of estimated manufacturing overhead is calculated as;

= Salary of production supervisor + Indirect materials + Rent on factory equipment

Given that;

Salary of production supervisor = $2,000

Indirect materials = $400

Rent on factory equipment = $1,000

Therefore, Estimated manufacturing overhead ;

= $2,000 + $400 + $1,000

= $3,400

6 0
2 years ago
How will the crm system with appropriate customer support and relationship management applications help reduce information silos
Tomtit [17]
The correct option is this: TRAINERS, NUTRITIONISTS AND COACHES WILL HAVE ACCESS TO MEMBERS' DATA AND WILL BE QUICKLY AND EFFICIENTLY ALERTED REGARDING CUSTOMERS' NEEDS.
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5 0
3 years ago
2. Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, imagine that $400 currency is deposite
Crank

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

7 0
3 years ago
You are buying your first car and need to borrow $16,000 over 5 years. If interest is 6%, what are your monthly payments
Norma-Jean [14]

Answer: $309.32

Explanation:

The amount that you are to find is an annuity figure because it will be a constant payment. The present value of this annuity is $16,000.

As it is pad monthly, convert time and rate to monthly figures:

5 years = 5 * 12 = 60 months

6% = 6/12 = 0.5%

Present value of annuity = Annuity * ( 1 - (1 + r) ^ -n) / r

16,000 = Annuity * ( 1  - (1 + 0.5%)⁻⁶⁰) / 0.5%

16,000 = Annuity * 51.72556

Annuity = 16,000 / 51.72556

= $309.32

5 0
3 years ago
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