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
gogolik [260]
3 years ago
6

The market for. pizza is characterized by a downward-sloping demand curve and an upward-sloping supply curve. a. Draw the compet

itive market equilibrium. Label the price, quantity, consumer surplus, and producer surplus. Is there any dead-weight loss? Explain. b. Suppose that the government forces each pizzeria to pay a $1 tax on each pizza sold. Illustrate the effect of this tax on the pizza market, being sure to label the consumer sur-plus, producer surplus, government revenue, and deadweight loss. How does each area compare to the pre-tax case? c. If the tax were removed, pizza eaters and sellers would be better off, but the government would lose tax revenue. Suppose that consumers and producers voluntarily transferred some of their gains to the government. Could all parties (including the government) be better off than they were with a tax? Explain using the labeled areas in your graph.
Business
1 answer:
Klio2033 [76]3 years ago
7 0

The market for the pizza has a downward sloping demand curve which means that with the increase in the price of the pizza, the demand of the pizza will decrease but it's supply will increase.

<u>Explanation:</u>

Downward slanting demand curve implies a judicious purchaser will request to a greater degree a product when its price falls. A portion of the explanations behind. the marvel would be: Income Effect : When cost of an item falls, shopper's genuine salary rises that is he would now be able to buy a greater amount of the ware with a similar pay.

A decent with a cost far beneath what the market is eager to pay will show up toward the lower right – extremely low cost, exceptionally popularity. The costs in the middle of would then "fill in" the bend, inclining descending from the upper left to bring down right.

You might be interested in
Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
Hunter-Best [27]

Answer:

World's journal entry to record the sales transaction is:

<em>Note Receivable ; Jax Recording Studio $8,200 (debit)</em>

<em>Sales Revenue $8,200 (credit)</em>

Explanation:

Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.

6 0
3 years ago
It is one of Garrett’s job responsibilities to report the amount of foreign direct investment undertaken by the government over
Eddi Din [679]

Answer: flow

Explanation:

Foreign direct investment flows records the value of foreign transaction with investment carried out at a particular period of time, probably quarterly, annually.

This flow consists of reinvestment earnings, equity transactions, and company debt transaction.

Inward and outward flows are also been taken into consideration, how foreign investments/transaction are noted in and out of the organization.

5 0
3 years ago
Read 2 more answers
Changes in accounting estimates are: Multiple Choice Extraordinary items. Accounted for with a cumulative "catch-up" adjustment.
Tom [10]

Answer:

The answer is D. Accounted for in current and future periods.

Explanation:

A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.

Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset

4 0
3 years ago
What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst
Jlenok [28]

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

8 0
3 years ago
Match each type of adjusting entry with its definition.
NeTakaya

Answer and Explanation:

The matching is as follows:

1. Deferred revenue - the cash would be received in the present period and the same would be reported as a revenue for the future period

2. Accrued expense - It would be recorded as an expense for a present period but the cash would be paid in the future

3. Prepaid expense - The cash is paid or the obligation is to the pay the cash in the present period but the expense would be recorded in the future period

4. Accrued revenue - the revenue is recorded in the present period but the cash would be collected in a future period

8 0
2 years ago
Other questions:
  • Discuss the advantages of PES policy compared to other instruments such as tax, subsidy and direct control.
    7·1 answer
  • A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adul
    6·1 answer
  • The Atlantic Division of Stark Productions Company reported the following results for 2019:
    11·1 answer
  • Kyei weighed half the total weight of his two brothers. his two brothers be weighed 44 1/2kg and 32 1/2kg.what was kyei's weight
    7·1 answer
  • Sometimes speakers eliminate details from their speeches in an attempt to influence audience opinion. This concern relates to wh
    11·1 answer
  • A career plan should include all of the following EXCEPT:
    11·2 answers
  • Your portfolio has a beta of 1.28. The portfolio consists of 25 percent U.S. Treasury bills, 31 percent Stock A, and 44 percent
    14·1 answer
  • 1 of 5) What does it mean to "Diversify" your portfolio?
    15·1 answer
  • QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio
    14·1 answer
  • Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!