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]
4 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]4 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
Accounting for pensions receives more attention in the United States (US) than in other countries. Discuss reasons that would ex
PtichkaEL [24]

Answer:

I. Lack of a proper pension system

II. Corruption

III. Lack of interest.

Explanation:

I. Lack of a proper pension system: Some countries especially in the developing countries have no proper pension system which makes them not to put good attention to pension accounting

II. Corruption: This is one of the main reasons why pension accounting is given less accounting in many countries of the world, as some leaders usually wants to create room to loot the funds of the pensioners.

III. Lack of adequate interest: Some countries of the world give less focus and emphasis on the plights of pensioners which makes them not to put good effort to their issues or pension accounting.

6 0
3 years ago
A firm's _________ is the symbolic embodiment of all the information connected with a product or service
Nostrana [21]
Answer: brand

Explanation: A company's brand is its identity, and it is one of the most valued parts of the business. The brand is what consumers recognize and competitors fear.
7 0
2 years ago
The faculty of a Midwestern business school is comprised of 33 males and 4 females. The past five candidates hired have all been
Kruka [31]

Answer:

The correct answer is letter "D": gender.

Explanation:

Diversity at the workplace refers to the different ages, gender, races, languages, ethnicity, or country of origin of the employees of an organization. Firms can take advantage of the diverse backgrounds of their workers which eventually represents part of the corporation's culture.

Thus, <em>Midwestern business school is facing a gender issue since there are 33 males but 4 females only at work and in the five past screenings the candidates hired were male-only. More females must be hired to balance the gender disequilibrium.</em>

6 0
3 years ago
One way products can be categorized is by brand.<br> O a) True<br> Ob) False
Scorpion4ik [409]

Answer:

A. True.

Explanation:

One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.

In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.

4 0
3 years ago
Slapshot Company makes ice hockey sticks and sold 1,890 sticks during the month of June at a total cost of $378,000. Each stick
Grace [21]

Answer:

<u>Slapshot Company</u>

<u>Income statement for the month of June</u>

Sales ( 1,890 x $360)                                   $680,400

Less Costs of Sales                                    ($378,000)

Gross Profit                                                  $302,400

Selling Costs :

Commissions                           $68,040

Other Selling Expense            $64,700

Administrative Expense          $53,800    ($186,540)

Net Income                                                   $115,860

Explanation:

The Income statement shows the <em>Profit</em> earned during the reporting period. This is determined as Gross Profit (Sales - Cost of Sales) minus the Operating Expenses.

6 0
3 years ago
Other questions:
  • The mayor of Gotham City, worried about a potential epidemic of deadly influenza this winter, asks an economic adviser. Determin
    9·1 answer
  • Why must people make choices in economic situations?
    15·1 answer
  • My sis need a boy bestie anyone wanna be that???​
    8·1 answer
  • "Girls Just Wanna Have Funds" is a Washington, DC, support group that consists mostly of young women who offer tips on budgeting
    11·1 answer
  • Which of the following is a primary benefit of entrepreneurial competition?
    14·1 answer
  • Match each type of media to the purpose that best suits it.
    5·1 answer
  • Consider the following multiple regression models (a) to (d) below. DFemme = 1 if the individual is a female, and is zero otherw
    7·1 answer
  • Pyrdum Corporation produces metal telephone poles. In the most recent month, the company budgeted production of 3,500 poles. Act
    15·1 answer
  • All else being equal, an overseas source with lower production cost will become relatively more attractive as
    12·1 answer
  • A label on foods prepared and packaged onsite for retail sales must list which information?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!