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Licemer1 [7]
3 years ago
7

For commodity X, average cost is equal to marginal cost at every level of output. Assuming that the market for X is competitive

and the demand curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. Discuss the differences.
Business
1 answer:
yuradex [85]3 years ago
7 0

Answer:

2 3 For commodity X average cost is equal to marginal cost at every level of from ... curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. ... Suppose that the demand curve is (where is the number of gallons of liquor ...

Explanation:

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Which of the following statements is false?
viktelen [127]

Answer: d. A company paid for an insurance premium of $6,000 on January 1. The insurance is for a year. Failing to make adjustments for the month of January would overstate assets and stockholder's equity by $6,000.

Explanation:

If a company were to pay $6,000 for Insurance for the YEAR in January, this would be recorded as a PREPAID EXPENSE.

This Prepaid Expense will then be apportioned per month over the year to each month as expenses of $500.

Failing to make adjustments for the month of January would not overstate assets and stockholder's equity by $6,000 but by $500.

8 0
3 years ago
Twinkies on the shelf of a convenience store lose their fresh tastiness over time. We say that the taste quality is 11 when the
Dafna1 [17]

Answer:

4.27 days

Explanation:

Initial taste quality = 1

Quality of tastiness declines using this function

Q(t)  = 0.85^t ( t in days )

<u>Determine when the taste quality will be 1/2 of original value</u>

i.e. when Q(t) = 1/2

1/2 = 0.85^t

= In ( 2 ) = - t ( In 0.85 )

∴ t = - In (2) / In (0.85)

     = 4.265 days  ≈ 4.27 days

7 0
3 years ago
What type of residential survey, also called a drive-by survey, is designed to show the location of the house and other large st
Dvinal [7]

Answer:

It is called a "House Location" Survey, which is also sometimes called a "drive-by" survey, and its goal is to show the location of the house and other large structures on the property, as well as the orientation of those structures in relation to each other.

8 0
3 years ago
Suppose that the presidents of two auto manufacturing companies exchange text messages in which they discuss jointly raising pri
Svetradugi [14.3K]

Answer:

Sherman Antitrust Act of 1890

Explanation:

Based on the information provided within the question it can be said that this communication is violating the Sherman Antitrust Act of 1890. This Act was passed prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade in order to prevent oppressive business practices and monopolies. This is what the two companies are doing by agreeing to jointly raise the price they are able to control the entire markets price thus creating a monopoly in the automotive industry, which forces consumers to pay a lot more than what the vehicles are actually worth.

5 0
3 years ago
Which doctrine evoked God and nature to rationalize western expansion?
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<span>When white settlers from Europe moved to North America, Native Americans lost their reign on their land. They were forced out of the regions where they thrived, with many dying from battles or from the diseases that the Europeans brought over. It is estimated that more Native Americans died from diseases than from the actual battles that took place to defend their lands. In the 21st century, Native Americans live on 2 percent of the land in North Americ</span>
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