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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.

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Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capit
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Answer:

The answer is $304,000

Explanation:

Barber's ending equity is:

Barber's beginning partnership capital balance for the current year plus share of partnership net income minus Barber's withdrawal

Barber's beginning partnership capital balance for the current is $314,000

Share of partnership net income

= $152,000 /2

= $76,000

Barber's withdrawal = $86,000

Therefore, Barber's ending equity is

$314,000 + $76,000 - $86,000

= $304,000

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2 years ago
The Upjohn Company first targeted men for its Rogaine topical solution, a drug to restore hair growth, but later marketed this p
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Answer:

finding new users

Explanation:

Market modification refers to the mechanism whereby the companies try and increase the product life cycle by extending the same product to more users than before.

Market modification strategy may be carried out by increasing the usage i.e quantity of current product by the existing users, or by adding new users to the same product by making it suitable for more customers or by altering the product quality and it's packaging.

In the given case, the product which was initially targeted at men, providing solution to the problem of hair loss, was later marketed to women too. So in this case, the company basically specified i.e informed the customers that it is not specific to a particular gender as the problem is common to all and anybody who seeks remedy to the problem, can use the product.

Thereby, the company found new users in the form of women, to whom such products can be extended and sold.

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3 years ago
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