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2 years ago

What is an outcome in the game of economics

Business

1 answer:

Mekhanik [1.2K]2 years ago

6 0

Answer:

Economists measure the health of the economy by comparing and analyzing economic outcomes that result from various activities based on GDP, growth rates, unemployment rate, and inflation rate.

Explanation:

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Suppose a tax of $3 is imposed on each new garden hose that is sold, resulting in a deadweight loss of $22,500. The supply curve

liq [111]

Answer: Equilibrium quantity of garden hoses after the tax is imposed is 85000.

Explanation:

Given that,

Dead weight Loss = $22500

Tax amount per unit (t) = $3

Equilibrium quantity before tax, $Q_{b}$ = 1,00,000 units

Equilibrium quantity after tax, $Q_{a}$ = ?

Dead weight Loss = $\frac{1}{2} \times t \times (Q_{b} - Q_{a})$

22500 = 0.5 × 3 × (100000 - $Q_{a}$ )

$Q_{a}$ = 85000 units

∴ Equilibrium quantity of garden hoses after the tax is imposed is 85000.

4 0

3 years ago

In 2007, Terry Inc. provided the following items in their footnotes. Their cost of goods sold was $22 billion under FIFO costing

nikdorinn [45]

Answer:

$22.2 billion

Explanation:

Calculation to determine How much would they report as LIFO cost of goods sold

Cost of goods sold=$22 billion + ($0.8 billion $0.6 billion)

Cost of goods sold=$22 billion + $0.2 billion

Cost of goods sold= $22.2 billion

Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion

7 0

3 years ago

Who must make the determination to cancel an invitation for bids after bid opening?a.Contracting officerb.Chief of the contracti

Lesechka [4]

Answer:

c.Head of the contracting activity

Explanation:

6 0

3 years ago

The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by

yulyashka [42]

Answer:

A) True

Explanation:

Paternalistic social responsibility refers to acts whereby managers provide for the essential needs of the employees such as providing them with accommodation facilities along with satisfying other needs such as food.

Henri Ford was among the first initiators of such a responsibility when he provided health programs and recreational services to his employees.

Building town homes with provision for food by employer is an example of paternalistic social responsibility.

6 0

3 years ago

a company purchased supplies for cash, which will be consumed during future months. which of the following correctly describes t

harina [27]

The answer choice that correctly describes the impact of the supplies purchase on the financial statements is A. total assets will remain unchanged.

<h3>What is an Asset? </h3>

This refers to financial property owned by a company or individual that has some degree of value.

Hence, we can see that given the fact that a company purchased supplies for cash that would be used in a few months, this would leave the total assets unchanged.