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
Anuta_ua [19.1K]
4 years ago
13

Suppose that the demand curve for barley can be characterized by the equation P = 100 - 2Qd. Suppose further that price was $10.

00 and a $10.00 tax is imposed on the market. a) How many barleys would be purchased at a price of $10.00? After tax? b) What is the amount of tax revenue generated by the tax? c) How much excess burden is generated by the tax? d) What is the amount of consumer surplus before and after the tax? What is the difference in consumer surplus? Is it equal to excess burden plus the tax revenue?

Business
1 answer:
PilotLPTM [1.2K]4 years ago
6 0

Answer:

a. 45 , 40

b. $400

c. $25

d. before tax; $2025 and after tax ; $1,600

e. difference in consumer surplus $425

f. Yes it is equal

Explanation:

In this question, we are presented with the equation of a demand curve.

Given the price amount and the tax amount, we are asked to answer the questions that follow;

Please check attachment for complete solution and step by step explanation

You might be interested in
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno
raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \dfrac{1}{0.85} due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \dfrac{1}{1.1} because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \dfrac{1}{0.95}  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\sigma' = \dfrac{P'}{A'}

where,

\sigma = stress

P = load

A = cross-sectional area of the cylinder

∴

\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}

replacing P' with \dfrac{1}{1.1}P   and d' with \dfrac{1}{0.95}d, we have:

\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }

\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times 0.82045

\dfrac{\sigma' }{\sigma } =0.82045

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

n_d = \dfrac{loss  \ of  \ function \  parameter }{maximum \  allowable \ parameter}

where;

the design factor = n_d

n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}

the design factor  n_d = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0
3 years ago
Taco Bell test marketed Doritos Locos Tacos for three years and developed 45 prototypes. Once the decision was made to launch th
LuckyWell [14K]

Answer:

Product development.

Explanation:

The product development stage is the initial part of a product life cycle. Market research is carried out at this stage to determine how well the product will sell in the market.

Product development stage involves the creation of a particular product from an idea and then introducing it into the market. Getting feedback about the product from test users is very important in this stage.

5 0
3 years ago
Although relative factor costs may make a country look attractive as a location for performing a manufacturing activity, the fir
wlad13 [49]
Although relative factor costs may make a country look attractive as a location for performing a manufacturing activity, the firm must also look at the political economy, where, for example, <span>regulations prohibiting foreign direct investment may eliminate this option. </span>
Polieymakers have periodically raised concerns pertaining to foreign investment in industries which affect national security or an essential na-tional interest.
3 0
4 years ago
Elena is trying to decide whether she should expand her ice cream shop to a bigger space. She decides to be very methodical abou
Nana76 [90]

Answer: e) Elena will use test data to validate her model

Explanation:

Test data is a computer program that will help Elena to verify the type of results to expect using some set of inputs.

4 0
3 years ago
The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.  

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

= $300,000 + $900,000

= $1,200,000

4 0
4 years ago
Other questions:
  • The act of buying and selling collectively form a contract. True or False
    11·1 answer
  • Mr. Jackson just turned 65. He has been seeing the same general practitioner for annual check ups for the past 15 years . Like t
    13·1 answer
  • How do investment bankers generate revenues for their firms?
    10·2 answers
  • The stock of computers, factory buildings, and machine tools used to produce goods is known as __________.
    10·1 answer
  • Solar energy is the least expensive source of renewable energy in the United States. True False
    5·1 answer
  • The parents of a child diagnosed with Tay-Sachs inquire about progression of the disorder. Which statement by the nurse is accur
    15·1 answer
  • "Finn Company reported assets of $1,000 and stockholders’ equity of $600. What amount will Finn report for liabilities?"
    5·1 answer
  • Determine the type of activity for each of the scenarios described below Received cash dividends from investments in securities.
    7·1 answer
  • Analyze various impediments to the coordination of strategic implementation that might exist for global businesses, and the posi
    14·1 answer
  • Makes sure an agenda is sent out before the meeting
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!