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
stich3 [128]
3 years ago
10

A sales tax of $1 per unit of output is placed on one firm whose current equilibrium price is $5 and current equilibrium quantit

y is 100 units. If you know that the elasticity of demand is -1 and the elasticity of supply is (infinity), then after the tax:
a. pb=6, ps=5, and QT=unknown but less than 100
b. pb=4, ps=5, and QT=unknown but less than 100
c. pb=6, ps=5, and QT=100
d. pb=4, ps=5, and QT=100
Business
1 answer:
Brums [2.3K]3 years ago
3 0

Answer:

B

Explanation:

B is the correct answer

You might be interested in
typically, Joseph buys a single tire at a time for his truck. However, he sees an advertisement for a "buy 3, get 1 free" offer
topjm [15]

Answer:

The correct answer is (D)

Explanation:

Company's normally at the end of every year give sale offers to their customers to increase their sales revenues and clear the remaining inventory. Sales usually attract buyers because of the new sale price of commodities. Joseph wanted to buy one tire but instead, he took advantage of a sale deal. The decision to take the deal is based on the new sale price of the tires.

3 0
3 years ago
pdf Suppose that the pound is pegged to gold at £20 per ounce and the dollar is pegged to gold at $35 per ounce. This implies an
Tasya [4]

Answer:

1) Buy 10 ounces of gold with the 350 dollars

2) Sell the 10 ounces of gold for £200

3) Exchange £200 for 360 dollars

Explanation:

Due to the difference between the exchange rate in gold and currency, a 2.1%  (1.80 / 1.75) advantage can be obtained.  

You start in the gold market with 350 dollars which are equal to 10 ounces of gold which are equal to £200. This according to the gold prices, witch generate a 1.75 exchange rate.

Then you go to the financial market where the exchange rate is larger (1.80) and with the £200 you get 360 dollars.  

6 0
3 years ago
The marketing manager's controllable factors that can be used to solve a marketing problem is known as the ______.
Ymorist [56]

Answer:marketing mix

Explanation:

6 0
2 years ago
Determine the market potential for a product that has 20 million prospective buyers who purchase an average of 2 per year and pr
Gnoma [55]

4,000,000 units should be sold a company

<u>Explanation:</u>

<u>Calculating the sales in units:</u>

It has been given that the toal market demand is $20 million, average quantity purchased by buyer per year is 2 units, price average is $50, and the desired share of the market is 10%.

Q=n * q * p

Where:

Q = Total market demand,

N = number of buyers in the market, q = average quantity purchased by the buyer per year,

P = price of average unit

$\mathrm{Q}=20,000,000$ buyers $* 2$ per unit per buyer $* \$ 50$ per unit

= $2,000,000,000

Market share = $(20,000,000 \text { buyers } * 2 \text { units per buyer }) * 0.1$

= 4,000,000 units

Hence, the company should sell 4 million units to achieve 10 percent market share.

6 0
3 years ago
Import tariffs generally ________ the output of domestic producers of the affected products and also _________ the output of dom
Lady_Fox [76]

Answer:

increase , decrease

Explanation:

Import tariffs are amount levied on the imports of goods. tariffs makes imports more expensive and discourages import.

if an import tariff is in place for a particular good, the import of that good would reduce and this would increase domestic producers to produce more of the good to meet the demand of the good. so output of domestic producers would increase.

Because output is consumed domestically, exports would reduce.

6 0
3 years ago
Other questions:
  • American Express has a long history of working for the good of the community. In 1885, it engaged its employees to help raise mo
    14·1 answer
  • The development of a product that is closely related to one or more products in the existing product line, but designed specific
    8·1 answer
  • At the start of the year, Northern Lights had $8,000 worth of merchandise. What do we know about Northern Lights?
    5·2 answers
  • Usage rate refers to Multiple Choice the maximum number of times a customer has used a product or service historically. the prof
    5·1 answer
  • What is the role for a clothing factory
    9·1 answer
  • Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
    11·1 answer
  • The standard form of a journal entry has the:____________.
    8·1 answer
  • Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,000 machine-hou
    8·1 answer
  • Client-server architectures:
    10·1 answer
  • A project's break-even occupancy level is determined by: _______________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!