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dusya [7]
2 years ago
15

Deadweight loss occurs when

Business
1 answer:
dusya [7]2 years ago
3 0

Answer:

d) the maximum level of total welfare is not achieved.

Explanation:

When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.

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Tamon worked 40 hours this week. Assuming he makes $9 an hour, what is his gross pay?​
valentina_108 [34]

Answer:

The weekly gross pay is $ 360

Explanation:

The total number of hours for which Tamon worked in a week = 40 hours

The total amount of money made by Tamon per hour = $9

The total amount earned in the week for working for 40 hours at the rate of $9 per hour

= 40 * 9

= 360

The weekly gross pay is $ 360

8 0
2 years ago
Last year (2016), Sarasota Condos installed a mechanized elevator for its tenants. The owner of the company, Ron Richter, recent
wel

Answer:

$56,900 loss

Explanation:

Calculation to determine any gain or loss if the old elevator is replaced.

First step is to calculate the Book value of old Elevator

Purchase price $103,500

Less: Depreciation expense for the year 2016 (($103,500-0)/5) $ 20,700

Book value of old Elevator $ 82,800

($103,500-$20,700)

Now let calculate any gain or loss if the old elevator is replaced.

Book value of old Elevator $ 82,800

Less: Sold of old Elevator $25,900

Loss on Sales of old Elevator $56,900

Therefore the loss if the old elevator is replaced is $56,900

8 0
2 years ago
Constance has joined a new startup and is one of just twelve employees. She and everyone else works directly with the company’s
qaws [65]

Answer:

The correct answer is letter "C": simple structure.

Explanation:

Canadian professor Henry Mintzberg (<em>born in 1939</em>) proposes there are five types of business organization structures: <em>Simple structure, Machine bureaucracy, Professional bureaucracy, Divisionalized, </em>and <em>Adhocracy</em>. Startups usually managed by their founders are characteristic of the simple structure since this type of organization has a loose organizational structure, are usually flexible and sometimes even informal. Though, it does not leave aside the contribution of its member to achieve the goals of the organization.

5 0
3 years ago
In the blank space beside each adjusting entry, enter the letter of the explanation A through Fthat most closely describes the e
tino4ka555 [31]

Answer: Please refer to Explanation

Explanation:

A. To record this period's depreciation expense. will match with

5. Depreciation Expense 38,217 Accumulated Depreciation 38,217

When recording the depreciation for the period, depreciation account is debited as it as an expense and an increase in Expenses is debited. The figure is credited to the Accumulated Depreciation account as it will reduce the Assets Account.

B. B. To record accrued salaries expense

6. Salaries Expense 13,280

Salaries Payable 13,280

As an expense, salaries are debited to show that they have increased. Salaries Expense account will therefore be debited for 13,280. The credit will be sent to the Salaries Payable account which is a liability account to show that the company owes those salaries as a liability.

C. To record this period's use of a prepaid expense

Insurance Expense 3,180

Prepaid Insurance 3,180

To record that the prepaid expense has now been used, the insurance expense account is debited and because Prepaid Expense is an asset, reducing it will be done by Crediting it.

D. To record accrued interest revenue

Interest Receivable 3,300

Interest Revenue 3,300

Revenue is credited when it increases so the Interest Revenue Account for the period will be credited. The Interest Receivable account will be debited because it is being reduced and as a revenue account reduces by debiting.

E. To record accrued interest expense

Interest Expense 2,208

Interest Payable 2,208

Insurance is an expense and so when it is being accounted for in the period, it is debited. It is credited to the Interest Payable account because it is a Liability account which increases by credit.

F. To record the earning of previously unearned income.

Unearned Professional Fees 19,250

Professional Fees Earned 19,250

As the Professional fees are revenue, they will be credited to the Professional Fee Earned account to show that it is an increase in revenue.

3 0
2 years ago
Dan sells newspapers. Dan says that a 8 percent increase in the price of a newspaper will decrease the quantity of newspapers de
ivann1987 [24]

Answer:

For Dan, the demand is price inelastic

Explanation:

One of the factors tat affect the quantity demand for a product is the price of the product. According to the law of demand, at lower price more quantity of a product would be purchased than at a higer price, all other this being being equal.

Price elasticity of Demand (PED)

The extent to which a change in price will cause a change in the quantity demand for a product is called the price elasticity of demand. It measures the degree of responsiveness of quantity demand to a change in price.

It is calculated as

PED =% change in quantity demand / % change in price.

For Dan Newspaper , the price elasticity of demand

             = 4%/8%

            = 0.5

If the PED is greater than 1, the demand is price elastic

If the PED is less than 1 , demand is price inelastic

For Dan, the demand is price inelastic

4 0
2 years ago
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