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IgorLugansk [536]
3 years ago
9

In the market for silver bracelets, the supply curve is the typical upward-sloping straight line, and the demand curve is the ty

pical downward-sloping straight line. The equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per bracelet is imposed. As a result, the government is able to raise $800 per month in tax revenue. We can conclude that the equilibrium quantity of bracelets has fallen by ________________.
Business
1 answer:
kondaur [170]3 years ago
8 0

Answer:

Equilibrium quantity falls by 200 - 160 = 40 units

Explanation:

Below is the calculation for the quantity by which the equilibrium quantity falls.

Given the equilibrium quantity = 200 per month

Tax per bracelet  = $5

Total tax revenue = $800

Number of bracelet on which tax imposed = 800 / 5 = 160

Thus equilibrium quantity falls by 200 - 160 = 40 units

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In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The
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Answer:

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Explanation:

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Revenue                $3,000,000

Cost of goods sold 2,500,000

Gross profit             $500,000

Depreciation             200,000

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5 0
3 years ago
Global Company makes a product that is expected to use 2.2 pounds of material per unit of product. The material has a standard c
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Answer:

Favorable for price and unfavorable for usage.

Explanation:

Provided Information,

Standard Material = 2.2 pounds per unit

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In Material Price variance we have = (Standard Price - Actual Price) \times Actual Quantity

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In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds
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Answer:

300 A

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(SQ - AQ) SP

(6000 - 6300)1

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