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KonstantinChe [14]
3 years ago
14

A supply curve has equation q equals 4 p minus 24 ⁢ comma where p is price in dollars. A dollar-sign 3 tax is imposed on supplie

rs. Find the equation of the new supply curve.
Business
1 answer:
emmasim [6.3K]3 years ago
5 0

Answer: New supply equation = Qs= 4P - 36

Explanation: A supply equation shows us the mathematical relationship between quantity supplied and the price of the good. Since price and supply are positively related, P must carry a positive sign in the supply equation.

Given, supply is Qs=4P - 24

P is the price paid by consumers in the market.

When a $3 tax is levied , price sellers receive becomes P-T = P - 3

So, the new supply equation will be

Qs= 4 (P-3) - 24 Qs= 4P - 12 - 24  Qs= 4P - 36

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Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
alina1380 [7]

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

  • Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
  • A natural monopoly exists when average costs continuously fall as the firm gets larger.
  • An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

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6 0
2 years ago
The following information has been taken from the ledger accounts of Bridgeport Corporation.
stealth61 [152]

Answer:current balance of retained earnings=$206,000

Explanation:

Net Retained Earnings =  Total Income since Incorporation−

Total Cash Dividend Paid−  Value of Stock Dividend distributed

Where

cash dividends distributed among the stakeholders= $55,000

 value of stock dividends distributed  = $31,000

Total Dividend Distributed = $86,000

Net Retained Earnings = $292,000 -($86,000)=$206,000

5 0
3 years ago
Your health club is offering a free one-year membership for the person who attends the most yoga classes in March. This results
nalin [4]

Answer:

The economic principle is "people usually exploit opportunities to make themselves better off".

Explanation:

Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.

So, there is an opportunity for every individual to get a free one year membership. <em>So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. </em>This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, <em><u>this will tend every individual to grab and exploit that opportunity to make themselves better off.</u></em>

Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".

4 0
2 years ago
Forlornistan is a country in the midst of a serious economic downturn. Forlornistan's GDP has declined steadily for over three y
goblinko [34]

Answer:

The correct answer is option c.

Explanation:

Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.

All these characteristics show that the economy is going through economic depression.

Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.

6 0
2 years ago
Jessica is currently a freshman in college who wants to work for the health, safety, and environmental management career pathway
Gala2k [10]

Answer:

The answer is A. Jessica should get her bachelor’s degree and try to intern with a brownfield redevelopment specialist.

Explanation:

Brownfield Redevelopment Managers help make contaminated lands reusable. So, that would fall into the Health, Safety, and Environmental  management career pathway. It's not C because you would need to have a Bachelors degree to be a Health and Safety specialist. The other options are self explanatory.

5 0
2 years ago
Read 2 more answers
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