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Molodets [167]
3 years ago
5

A study finds that the noise from rock concerts is harmful; hence, the government imposes a $30 tax on the sale of every unit. T

his amount accurately accounts for the external cost of the noise pollution. Before the corrective tax, concert tickets regularly sold for $190. After the tax is in place, the market price for concert tickets rises to $195.Because of the tax, the number of concert tickets sold will ___________.The socially optimal price of concert tickets is________ $ .The private market price is $ .A firm selling concert tickets receives _____$ after it pays the tax.
Business
1 answer:
Fed [463]3 years ago
4 0
The correct answer is: decrease; $195; $190; $165.

A study found the noise from rock concerts to be harmful.  
To correct the externality created by the concerts, the government imposes a tax $30 on sale of each unit.  
The price of tickets was initially $190.  
After the imposition of the corrective tax, the price increased to $195.  
This increase in price will cause the demand for tickets to decrease. As a result, the number of concert tickets sold will decrease.  
The socially optimal price of the tickets is $195, as this price eliminates externalities.  
The private market price is the price which was creating externalities, in this case, it is $190.  
We can find the price received by the firms by deducting the tax amount from the new price.  
The price received by the firms is
= $195 - $30
= $165
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5 0
3 years ago
Veronica, a vice president of human resources at an auto company, wants to develop its programs for employee empowerment. Howeve
klasskru [66]

Answer:

B) In its rulings, the NLRB has allowed employee empowerment in certain very limited situations.

Explanation:

Employee empowerment refers to a company giving its employees a higher degree of autonomy and independence regarding their normal work related activities.

Personally I don't understand how employee empowerment can affect employees negatively but unions tend to oppose it unless they are directly involved in the empowerment process.

3 0
3 years ago
A scope limitation sufficient to preclude an unqualified opinion always will result when management:__________
vovikov84 [41]

Answer:

The answer is D.

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A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.

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4 0
3 years ago
Two firms, A and B, each currently emit 100 tons of chemicals into the air. The government has decided to reduce the pollution a
katrin2010 [14]

Answer:

20 more tons of pollution into the air, and Firm B will emit 100 fewer tons of pollution into the air.

Explanation:

It is given that :

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Since the cost for eliminating the pollutants into the air is more for the firm A, the ticket is also more valuable for firm A. And therefore, firm A will buy all the tickets form firm B for an amount around $ 101 to $ 199. It will do so as to have a positive consumer and also to produce surplus.

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4 0
3 years ago
Tom Gettback buys 100 shares of Jobnson Walker stock for $87.00. per share and a 3-mont Johnson Walker put option with an exerci
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Answer:

b. $200 loss is the correct option

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7 0
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