1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sloan [31]
3 years ago
11

In 2015, the city of Berkeley instituted a tax on sugar-sweetened sodas. Suppose that the tax increased the price of a typical s

oda by 10 cents. Before the tax, residents in total consumed roughly 150,000 sodas per day (around 1.25 sodas per person), and consumption dropped to half that level, 75,000 sodas, by 2017. What was the per-day compensating variation of the tax
Business
1 answer:
DedPeter [7]3 years ago
8 0

Answer:

(g) Between 0 and -S7.5k because residents can substitute to other products

Explanation:

Data given in the question

Increase in price of typical soda = 10 cents

Total consumed = 150,000 sodas [er day

Dropped quantity = 75,000 sodas

So by considering the above information, the per day compensating variation of the tax varies from 0 and - 7,500

Since the sugar sweetened sodas is treated as a normal goods. Moreover, people can substitute the other goods also if there is an increase in a price of the good

The -7,500 is come from = (-75,000 × 0.10)

The options are as follows

(a) Greater than -$15k because soda is a luxury good with income (b) -$15k because that is the old consumption level times the value of the tax (c) Between -S7.5k and -$15k because soda is a luxury good elasticity > 1 with income elasticity >1 (d) Between -$7.5k arti -$15k because residents can substitute to other products (e) -$7.5k because that is the new consumption level times the value of the tax ()-$7.5k because that is the change in consumption times the value of the tax (g) Between 0 and -S7.5k because residents can substitute to other products (h) Between 0 and -$7.5k because because beverages are typically necessity goods with 6) Nothing because there was no effect on income G) It is impossible to say without knowing consumers' marginal rate of substitution income elasticity less than 1

You might be interested in
When are monopolies good?
zlopas [31]

Answer:

When Monopolies Are Good. Sometimes a monopoly is necessary. It ensures consistent delivery of a product or service that has a very high up-front cost. An example is electric and water utilities. Brainliest Please

Explanation:

3 0
3 years ago
Read 2 more answers
At meetings of the quality team, Juan is nervous about suggesting ideas
SpyIntel [72]

Answer:

The correct option is;

D. Prepare by studying problems ahead of the meeting and listening carefully

Explanation:

Positive workplace behaviors in the meetings include preparation for the meeting to make the meeting productive for you and the other participants by ensuring;

1) Understanding the purpose of the meeting

2) Find out about the meeting agenda

3) To prepare for meetings

4) Make adequate preparation for the meeting

5) Know other attendees

6) Acquire and send out relevant information

It is important to study the problems ahead of the meeting and listen carefully to avoid being the one to ask others what the meeting was for when you join the meeting

Ensure the purpose for being at the meeting is clear and the meeting agenda is well known as well as what knowledge is expected and what is to be discussed.

6 0
3 years ago
Read 2 more answers
Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a me
SashulF [63]

Answer:

Set.

Explanation:

Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.

5 0
3 years ago
Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo
Leona [35]

The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

3 0
3 years ago
Read 2 more answers
Barehugs is popular loungewear that prides itself on its versatility. last year, its net sales were $1,750,000 with cost of good
krek1111 [17]
First, we need to find the gross margin.
Gross margin = net sales - cost of goods sold 
Gross margin = $1,750,000 = $390,000 
Gross margin = $1,360,000

Then, we need to find the net profit before tax.
Net profit before tax = gross margin - expenses
Net profit before tax = $1,360,000 = $960,000
Net profit before tax = $400,000

Net income after taxes = (total revenue - total expenses)/total revenue
Net income after taxes = (1,750,000 - 960,000)/(1,750,000)
Net income after taxes % = 45%
5 0
3 years ago
Other questions:
  • 3. A large hotel wants to relocate some of its parking area. Your company, ABC Contractors, would submit a ___
    12·2 answers
  • A dam is being built that will cost $500,000. The dam will cost $20,000 per year to operate and will require a maintenance expen
    12·1 answer
  • Sailmaster makes high-performance sails for competitive windsurfers. below is information about the inputs and outputs for one m
    8·1 answer
  • For each of the following, determine the amount of net income or net loss for the year. a. Revenues for the year totaled $71,300
    12·1 answer
  • Ratio Analyses
    10·1 answer
  • Money makes trading easier by replacing what with transactions involving paper money, coins, and checks.
    8·2 answers
  • When bonds are issued at a premium, the total interest cost of the bonds over the life of the bonds is equal to the amount of
    10·1 answer
  • A firm is considering moving from the United States to Mexico. The firm pays its U.S. workers $30.00 per hour. Currently, U.S. w
    10·1 answer
  • which region gained the most from the exchanges of ideas and technologies facilitated by the mongol empire?
    9·2 answers
  • The Allowance for Doubtful Accounts is a contra-asset account. Increases to the account (to record the period's estimated bad de
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!