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
kakasveta [241]
3 years ago
6

Sofia pays Sam $50 to mow her lawn every week. When the government levies a mowing tax of $10 on Sam, he raises his price to $60

. Sofia continues to hire him at the higher price. What is the change in producer sur- plus, change in consumer surplus, and deadweight loss? a. $0, $0, $10 h b. $0, -$10, $0 c. +$10, -$10, $10 d. +$10,-$10, $0
Business
1 answer:
Studentka2010 [4]3 years ago
7 0

Answer:

b. $0, -$10, $0

Explanation:

Sam is the producer, and he was getting $50 for moving Sofia's lawn. When the government imposes a tax of $10 on his activity, he now receives $60, but because $10 of those $60 is paid in taxes, his surplus remains the same: $50, so the change in the producer's surplus is $0.

Sofia is the consumer, and she was paying $50, but now she pays $60, thus, her consumer surplus has changed by -$10.

The sum of the change in consumer and producer surplus is $10 ($0 + $10), which is the same as the growth of government revenue from the taxes imposed: $10, therefore, the deadweight loss is $0.

You might be interested in
From a(n) _____ standpoint, the effect on performance motivation may be limited in ownership program because of the less obvious
patriot [66]

From a D. Reinforcement theory standpoint, the effect on performance motivation may be limited in ownership program because of the less obvious link between pay and performance. The reinforcement theory states that the way a person behaviors is a direct relation to how the consequences that may come from making that decision. If consequences are behavior are controlled by consequences then the reinforcements may be controlled pay rewards or pay.

8 0
2 years ago
James purchased liability insurance with a $100,000 limit from insurer A. To add more coverage, he bought a second liability pol
padilas [110]

Answer:A. $24,000

B. 36,000

Explanation:

The loss incurred by James is less than his coverage with each of the insurer.

The sum is apportioned on pro rata basis on the ratio of total insured.

$100,000 + $150,000=$250,000

A share is $100,000/$250,000/* $60,000

A= $24,000

B= $100,000/$250,000*$60,000

= $36,000

8 0
3 years ago
In 2001 chipotle, a fresh mexican grill, committed to increase its use of naturally raised meat, organic produce, and dairy with
Ahat [919]
<span>Their marketing approach is listening to customer feedback. Basing some marketing and some ways they produce their food on customer feedback can be both beneficial and work out well as long as it's cost effective and doesn't hinder sales much.</span>
6 0
3 years ago
When a company employs a varied workforce of both men and women, people of many generations, and people from ethnically and raci
Inessa [10]

<u>Answer:</u> When a company employs a varied workforce of both men and women, people of many generations, and people from ethnically and racially different backgrounds, it is called workplace diversity.

<u>Explanation:</u>

Workplace diversity means when the organisation recruits employees from different backgrounds such as age, gender, ethnicity, religion, caste etc. By hiring people from different backgrounds the company has the benefits of hiring a pool of talented and skilled workers.

Creativity increases in the organisation for solving problems and different types of ideas can be brainstormed. The organisation can also understand the global market. Problems are solved quickly and it gives competitive advantage for the company in the market.

4 0
3 years ago
Read 2 more answers
Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
Makovka662 [10]

The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

<h3>Simple Interest</h3>

Given Data

  • Principal =  $4,500
  • Interest = 22%
  • Final Amount = $4,500*2 = $9,000

Equation:

t = (1/r)(A/P - 1)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 22%/100 = 0.22 per year,

then, solving our equation

t = (1/0.22)((9000/4500) - 1) = 4.55

t = 4.55 years

Learn more about Simple Interest Here:

brainly.com/question/723406

3 0
2 years ago
Other questions:
  • Was the first nonsedating antihistamine drug; however, it has been taken off the market due to adverse effects when combined wit
    15·1 answer
  • John and Audrey have been married for twenty years. Throughout their marriage, John worked at ABCD Company, a corporation that m
    11·1 answer
  • Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
    8·1 answer
  • When negotiations appeared to be going in the wrong direction, an HVAC systems company and its union representatives agreed to b
    10·1 answer
  • Jules &amp; Associates had the following information available related to revenues and expenses for the current period: Services
    15·1 answer
  • The Mixing Department of Complete Foods had 62,000 units to account for in October. Of the 62,000 units, 38,000 units were compl
    14·1 answer
  • Standard costs are used in the calculation of: Multiple Choice Quantity and sales variances. Price variances only. Price, quanti
    6·1 answer
  • Housholder Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each ye
    8·1 answer
  • When would you want to get the lowest interest rate possible?​
    5·2 answers
  • Why is it important to plan early for your retirement?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!