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
Finger [1]
4 years ago
8

Suppose a tax is imposed on each new hearing aid that is sold. The supply curve is a typical upward-sloping straight line, and t

he demand curve is a typical downward-sloping straight line. As a result of the tax, the equilibrium quantity of hearing aids decreases from 10,000 to 9,000, and the deadweight loss of the tax is $60,000. We can conclude that the tax on each hearing aid is a. $60. b. $120. c. $200. d. $160.
Business
1 answer:
Tju [1.3M]4 years ago
6 0

Answer:

B) $120.

Explanation:

the deadweight loss is equal to the total economic loss = $60,000

and the total economic loss = 1/2 x decrease in quantity sold x tax (since the deadweight loss is a triangle, the formula is 1/2 x base x height), so:

1/2 x decrease in quantity sold x tax = deadweight loss

1/2 x 1,000 x tax = $60,000

tax = $60,000 / 500 = $120

You might be interested in
Procter and Gamble wants to test a new promotion campaign that employs Internet-based promotions, particularly added use of soci
Tanzania [10]

Answer:

D. A controlled test market

Explanation:

A controlled test market is a thoroughly planned marketing test that aims to provide companies valuable, critical insight that is essential to analyse the success of a new product/service. By conducting a controlled test market, the companies can monitor customer reactions and preferences, or the advertisement's influence. Although this is not conducted in a typical sandbox environment, this is almost always a small market.

8 0
3 years ago
While overall labor union membership has been declining over the last few decades, which type of workers has the highest percent
Mariana [72]

The workers that have the highest percentage of union memberships are those in

  • education
  • training
  • library occupations

<h3>What is a  labor union?</h3>

This is a term that is used to refer to the labor unions that are formed in order to represent the workers that are in a country.

The unions are known to represent workers in terms of benefits, wages and labor hours.

Raed more on labor unions here: brainly.com/question/881501

5 0
2 years ago
the accompanying diagram depict's alex's demand for shoes. a. if shoes cost $50 a pair, how many pairs of shoes will alex buy?
luda_lava [24]

If shoes cost $50 a pair, the number of shoes she would buy is 5.

<h3>How many shoes will she buy?</h3>

The image shown is a demand curve. A demand curve shows the relationship between price and quantity demanded. Price is on the y-axis and quantity demanded is on the x-axis.

In order to determine the quantity demanded, trace $50 to the curve and trace it down to the x axis.

Please find attached the diagram used in answering this question. To learn more about the demand curve, please check: brainly.com/question/25140811

#SPJ11

6 0
2 years ago
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a
AysviL [449]

Answer:

Escalator clause

Explanation:

A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as an <u>escalator clause.</u>

Escalator clause: It is a legal clause that allows automatically an increase in the wage or price. These clauses are kept in a contract under certain conditions. It ties the price or wages with the inflation rate, which protects the buyer and seller from loss. It also controls the price of goods and services.

7 0
3 years ago
Members of the dc real estate commission are limited to how many consecutive terms?
Mashutka [201]

Participants of the dc real property fee: time period limit. A member can't serve for extra than 2 consecutive, full three-12 months phrases until the courtroom makes a special exception.

Consecutive refers to matters that are arranged or show up in sequential order. A criminal who serves a consecutive sentence does time for one conviction after any other.

Consecutive periods of time or events take place one after the other without interruption. The Cup was won for the third consecutive yr via the Toronto Maple Leafs. Synonyms: successive, strolling, following, succeeding extra Synonyms of consecutive.

Consecutive comes from the Latin consecutus, which means "following closely" without a gap. similar to the snowstorms — one typhoon came about each day, lower back to back, for 5 days in a row. Consecutive numbers also observe every difference or boost inside the proper order. as an example, 5, 6, 7, eight, 9, and 10 are consecutive numbers.

Learn more about consecutive here: brainly.com/question/21466038

#SPJ4

4 0
2 years ago
Other questions:
  • A car, a house, and a boat are examples of what type of product?
    12·1 answer
  • What is the most significant difference between leaders and assembly line workers in regard affecting the behavior of others?
    8·1 answer
  • A manager is practicing active managerial control by
    5·1 answer
  • The development of a nationwide computerized job bank listing all job openings would most likely reduce:
    6·1 answer
  • Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo
    5·1 answer
  • Sophie made pies and sold them from her food trailer at businesses. This is an example of a(n)A. direct marketing channel.B. dis
    5·1 answer
  • Utility is the measure of surplus lost by producers when taxes are introduced to the market. surplus lost by consumers when taxe
    7·1 answer
  • Briefly explain the following with examples:
    6·1 answer
  • If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
    11·1 answer
  • responsibility for designing a product that can be made for no more than the target cost is given to the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!