COMPLETE QUESTION:
Demand Supply
P = 50 - QD P = 10 + 1/3 QS
QD = 50 - P QS = 3P - 30
Refer to Table 4-6.ȱȱ
The equations above describe the demand and supply for Aunt Maudȇs
Premium Hand Lotion.ȱȱ
The equilibrium price and quantity for Aunt Maudȇs lotion are $20 and
30 thousand units.ȱȱ
What is the value of consumer surplus?
Answer: $450,000
Explanation:
P = 50 - QD P = 10 + 1/3 QS
QD = 50 - P QS = 3P - 30
Using the above equation,
Consumer surplus = $450,000
The cost of goods sold based on the sales revenue in 2019 is $32,400
What is the cost of goods sold?
The cost of goods sold is the cost of the goods sold in a particular year, it is determine as the sales revenue minus the gross margin in dollar terms.
We need to first of all determine the sales revenue in 2019 based on 2018 sales revenue and the 2019 growth rate of 8%
2019 sales revenue=50,000*(1+8%)
2019 sales revenue=$54,000
Now the gross margin is 40% of sales revenue
cost of goods sold=sales revenue-gross margin
cost of goods sold=$54,000-(40%*$54,000)
cost of goods sold=$32,400
Find out more about cost of goods sold:brainly.com/question/27917613
#SPJ1
Answer:
$228,000
Explanation:
Beginning work in process inventory, $250000
Cost of goods manufactured, $866000
Beginning finished goods inventory, $292000
Ending work in process inventory, $270000
Ending finished goods inventory, $314000
Cost of Goods Sold = Beginning work in process inventory + Beginning finished goods inventory - Ending finished goods inventory, $314000
Cost of Goods Sold = $250,000 + $292,000 - $314,000
Cost of Goods Sold = 228,000
Answer:
Option (C) is correct.
Explanation:
Nominal GDP:
= (No. of burgers sold × Selling price of each) + (No. of fries sold × Selling price of each)
= (4000 × 3) + (6000 × 1.5)
= 12,000 + 9,000
= $21,000
Real GDP (in 2008 prices)
= (No. of burgers sold × Selling price of each) + (No. of fries sold × Selling price of each)
= (4,000 × $2.50) + (6000 × $2)
= 10,000 + 12,000
= $22,000
GDP deflator:
= (Nominal GDP ÷ Real GDP) × 100
= (21000 ÷ 22000) × 100
= 95.45
Answer:
.b. it forces firms to internalize the external cost of emissions
Explanation:
A carbon tax is a fee imposed by the government on any firm that burns fossil fuels. Fossils most used by firms include gasoline, coal, oil, and natural gases. Burning of these fossils emits greenhouses gases such as carbon dioxide and methane, which creates global warming by heating the atmosphere.
A carbon tax forces enterprises to pay for the harsh effects of global warming on society. If the tax is set at a high rate, it deters firms from burning fossils. Companies adopt environmentally friendly production processes to avoid the carbon tax.
