Answer:
We do this so that people can see your business and how it is
Answer:
C. subtracting the competitive level producer surplus from the producer surplus associated with less output
Explanation:
A deadweight loss refers to a cost to society created as a result of market inefficiency. Market inefficiency occurs when supply and demand are out of equilibrium. It is also known as excess burden.
Deadweight loss is also created due to taxes as they prevent people from purchasing things that they would otherwise as the final price of the product increases.
The deadweight loss associated with output less than the competitive level can be determined by subtracting the competitive level producer surplus from the producer surplus associated with less output
Answer:
$6,100
Explanation:
Calculation to determine what The amount of bad debt expense recorded on December 31 will be:
Using this formula
Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts
Let plug in the formula
Bad debt expense=(7%*$80,000)+$500
Bad debt expense=$5,600+$500
Bad debt expense=$6,100
Therefore The amount of bad debt expense recorded on December 31 will be:$6,100
Answer: B dominant designs
Explanation:
The dominant design in a product class is, by definition, the one that wins the allegiance of the market place, the one that competitors and innovators must adhere to if they hope to command significant market. A dominant design is often the norm within the market which creates difficulties in other similar products to compete for market share. This often creates a monopoly over alternatives, whereby the only means of competing is to imitate or expand upon the concept.
