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Zarrin [17]
2 years ago
8

in the market for widgets, the supply curve is the typical upward-sloping straight line, and the d curve is the typical downward

-sloping straight line. The equilibrium quantity in the tax. Then a tax of $5 per widget is imposed. market for widgets is 200 per month when there is no As a result, the government is able to raise $800 per month in tax revenue. We can conclude that the equilibrium quantity of widgets has fallen by a. 40 per month. b. 50 per month. c. 75 per month. d. 100 per month.
Business
1 answer:
lesya [120]2 years ago
4 0

Answer:

a. 40 per month

Explanation:

The computation of the fallen equilibrium quantity of widgets is

Since there is no tax so equilibrium quantity would be 200

And , the tax is imposed is $5

So, the tax revenue is

= 200 × $5

= $1,000

And, the government revenue is $800

So, the loss is

= $1,000 - $800

= $200

Now the fallen quantity is

= $200 ÷ $5

= $40

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Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below
ehidna [41]

Answer:

The gross profit for Adams Company at the end of the first quarter is $1,000

Explanation:

Since in the question it is given that Job 356 and Job 357 is sold at a profit of $500 each. So, for these two the gross profit would be

= Job 356 profit + Job 357 profit

= $500 + $500

= $1,000

The Jobs 356, 357, 358, and 359 were completed which means Job No 360 is in work in process , and Job 358,359,360 have no profit that means they are in the inventory whereas Job 356 and 357 are in sale part.

Therefore, the gross profit for Adams Company at the end of the first quarter is $1,000

8 0
3 years ago
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $3,200 Fee
koban [17]

Answer:

$12,100

Explanation:

Data provided;

Accumulated Depreciation = $3,200

Fees Earned = $17,400

Depreciation expense = $1,300

Insurance Expense = $200

Prepaid Insurance = $4,800

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Supplies Expense = $3,800

Now,

The Net income

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= $17,400 - $1,300 - $200 - $3,800

= $12,100

5 0
3 years ago
Fiona is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstor
Viefleur [7K]

Answer:

These are the options for the question:

a. specialty-line wholesalers.

b. assemblers.

c. full-service stockers.

d. in-store maintainers.

e. rack jobbers.

And this is the correct answer:

c. full-service stockers.

Explanation:

Fiona is a full-service stocker, or retail stocker. A retail stocker is a person who is responsible for organizing (stocking) products in the shelves of a retail space (a large store, a supermarket, a convenience store).

Retail stocker also help customers by giving directions within the store, or by helping elderly, disabled, and other people reach products that they might not be able to reach by themselves.

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2 years ago
Obie accuses Portia, a broker with QT Financial Services, of fraudulently inducing him to invest in Risky Development Company, w
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Options:

A. Subjective statement

B. Misrepresentation of a fact knowing that it is false.

C. Puffery

D. Seller's talk

Answer:B. Misrepresentation of a fact knowing that it is false.

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A way of gaining information on marketing problems and opportunities is called
creativ13 [48]

Answer:

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Explanation:

hope this helps

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