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gregori [183]
4 years ago
11

Refer to Exhibit 20-6. Suppose the three equilibrium quantities are 700, 800, and 900, and the two other equilibrium prices are

$2.20 and $2.75. What is the change in total revenue when a per-unit tax shifts S1 to S2, given that D2 is the relevant demand curve? Group of answer choices $260 -$260 $900 $700 -$200
Business
1 answer:
statuscvo [17]4 years ago
6 0

Answer:

-$260

Explanation:

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A single firm’s innovations in production technology often benefit the production of other firms because these other firms learn
Papessa [141]

Answer:

The answers are:

A) Yes

B) NO INFORMATION AVAILABLE FOR THIS PART

Explanation:

Innovation in production technologies usually cause a spillover effect. The benefits of introducing new production technologies can be found all across the nation.

The bad effect of this is that many times other companies don't even pay any type of royalties or licences for using new technologies, while benefiting from them.

For example, Henry Ford introduced the assembly line concept and the whole world benefited from this.

3 0
4 years ago
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capi
Alex777 [14]

The firm should decrease the amount of capital used.

Solution:

The wage rate is $12 per hour and capital is rented at $8 per hour.

The marginal product of labour is 45 units of output per hour and the marginal product of capital is 65 units of output per hour.

A manager hires labour and rents capital equipment in a very competitive

market.

The ratio of marginal product of labour and wage rate

= \frac{45}{12}

= 3.75

The ratio of marginal product of capital and rent

= \frac{65}{8}

= 8.125

If the cost ratio is higher, it means that the boss must minimize the volume of money involved in the manufacturing process.

5 0
3 years ago
Tom is taking a science test and he needs to get 80% of the 20 questions on the test right in order to pass. how many questions
Ronch [10]
16 questions. Each question is worth 5 % 16 ×5 = 80.
4 0
4 years ago
Read 2 more answers
If automakers attempted to change the way justin feels about the price of hybrid vehicles in comparison to the other vehicles he
yKpoI14uk [10]

The price of hybrid vehicles in comparison to the other  vehicles would be an example of product repositioning.

<h3>What is product repositioning?</h3>

Product repositioning is when a company changes their status in the marketplace. Repositioning happens to fulfill consumer wants and needs at a particular time.

Like changes to the marketing mix including product, price, location, and promotion, repositioning refers to changing the position of product in minds of target market.

Hence, the price of hybrid vehicles in comparison to the other  vehicles would be an example of product repositioning.

Learn more about product repositioning here : brainly.com/question/6489859

6 0
3 years ago
Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0
3 years ago
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