Answer:
13,750 lamps
Explanation:
Calculation to determine How many lamps should be produced in October
Numbers of lamps=(13,000 × 0.25) + 14,000 − (14,000 × 0.25)
Numbers of lamps=3,250+14,000-3,500
Numbers of lamps= 13,750 lamps
Therefore The numbers of lamps that lamps should be produced in October is 13,750 lamps
Answer:
a. more deadweight loss and less revenue
Explanation:
Sales tax increases the price of a good or service.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
If a sales tax is imposed on a good or service, the price of the good would increase and become more expensive. This would lead to a fall in quantity demanded and an increase in deadweight loss and a loss of revenue.
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Answer: To meet all consumer needs
Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.
Thus, option D- to meet all consumer needs is the correct choice.
Since the equation would be:

The inequality would be:

It would be :

The most there can be are 48 attendees.
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