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
Sphinxa [80]
3 years ago
10

Refer to exhibit 20-2. the market for good x is initially in equilibrium at $5. the government then places a per-unit tax on goo

d x, as shown by the shift of s1 to s2. approximately what percentage of the tax do producers end up paying
Business
1 answer:
Tema [17]3 years ago
7 0

Answer:

45%

Explanation:

The market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2.

As a result of the shift in the supply curve a new equilibrium price is established at $6.25

That implies that the share of the burden that consumers will bear is $1.25 (which represents 55% portion of the tax) - the difference between the previous and new equilibrium prices.

The other 45% portion of the tax will be borne by the producers

You might be interested in
Witch of the following words describe a candidate that comes off well in the media, particularly on television? A. Cynical B. Cr
Studentka2010 [4]
The correct answer should be D. Mediagenic

It means that he is very loved by the media. It is like photogenic, except for the media.
5 0
3 years ago
Gabby Company sells a product for $ 100 per unit. Variable costs are $ 60 per​ unit, and fixed costs are $ 2 comma 500 per month
Ann [662]

Answer:

(a) $40

(b) $24,000

(c) 40%

Explanation:

Given that,

Selling price = $100 per unit

Variable costs = $60 per​ unit

Fixed costs = $2,500 per month

Contribution margin per unit:

= Selling price - Variable costs

= $100 per unit - $60 per​ unit

= $40

Total Contribution margin:

= Contribution margin per unit × No. of units sold

= $40 × 600 units

= $24,000

Contribution margin ratio:

= (Selling price - Variable costs) ÷ Selling price

= ($100 per unit - $60 per​ unit) ÷ $100 per unit

= 0.4 or 40 %

4 0
3 years ago
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
ludmilkaskok [199]

Answer:

Decrease by $132,100

Explanation:

Computation of the given data are as follow:-

We can calculate the  Operating Income by using following formula:-

Fixed Cost = Fixed Cost * Dropped Rate

= $193,000 * 30/100

= $57,900

So, Operating Income = Sales - Variable Cost - Fixed Cost  

= $,1050,000 - $860,000 - $57,900

= $132,100

According to the Analysis, the operating income will be decrease by $132,100 if the business segment is eliminated.

8 0
3 years ago
Evidence that the olmec engaged in extensive long-distance trade can be seen by the presence of
ZanzabumX [31]

The answer is obsidian and jade. The obsidian are being obtained by the Olmec in means of having to be able to contribute it for the growth of the polities of the Maya and a way of having to gain superior items. The jade are being used by the people in means of having to carve figures with the use of axes.

3 0
3 years ago
When Walmart communicates to consumers that, for any given group of often-purchased items, its prices will tend to be lower than
miskamm [114]

Answer:

EDLP is the correct answer.

Explanation:

6 0
3 years ago
Other questions:
  • What is the process of converting illegally earned assets to conceal their origin?
    10·2 answers
  • Gardening supplies are hot now but they haven’t always been why is this true of other businesses too
    15·1 answer
  • A balance is _____.
    8·2 answers
  • In monopolistically competitive markets, resources are: Group of answer choices overallocated because long-run equilibrium occur
    10·1 answer
  • What information does a target cost-per-acquisition (cpa) bid strategy need in order to find the optimal cost-per-click (cpc) bi
    7·1 answer
  • Howard ​Services, Inc., has $ 8 comma 600 cash on hand on January 1. The company requires a minimum cash balance of $ 7 comma 60
    8·1 answer
  • he three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology,
    10·1 answer
  • A policy that changes the natural rate of unemployment changes: a. neither the long-run Phillips curve nor the long-run aggregat
    6·1 answer
  • Which of the following is important in determining the extent of competition in an industry?
    5·1 answer
  • Menlo Company distributes a single product. The company's sales and expenses for last month follow:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!