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Korolek [52]
2 years ago
12

A consumer values a house at $525,000 and a producer values the same house at $485,000. If the transaction is completed at $510,

000, what amount of tax may result in unconsummated transaction
Business
1 answer:
Natali5045456 [20]2 years ago
7 0

Answer:

the options were missing:

  • a tax of $9,000
  • a tax of $14,000
  • a tax of $15,000
  • a tax of $18,000

the answer is a tax of $18,000

Explanation:

in this case, the seller surplus = $510,000 - $485,000 = $25,000, while consumer surplus = $525,000 - $510,000 = $15,000

Taxes decrease consumer surplus, but consumers are still willing to purchase goods if the price of the goods plus the taxes is equal or less to the maximum price that they are willing to pay. But $510,000 + $18,000 = $528,000 which is higher than $525,000

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True or false. hospital bylaws define the process for documentation within a health record for all members of the workforce.
solong [7]
The statement is "True".

<span>Hospital medical staff by-laws are critical. Governing board of a hospital can by them confers on the staff the ability to set up a type of association by which that staff can give affirmation of quality clinic medicinal care.</span>

4 0
3 years ago
First​ Class, Inc., expects to sell 26 comma 000 pool cues for $ 13.00 each. Direct materials costs are $ 2.00​, direct manufact
Nastasia [14]

Answer:

$231,140

Explanation:

The computation of the amount reported in the cost of goods sold is shown  below:

= Number of pool cues sold × total manufacturing cost per pool cue

where,

Number of pool cues sold would be 26,000 pool cues

And, the total manufacturing cost per pool cue would be

= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue

= $2 + $6 + $0.89

= $8.89

Now put these values to the above formula

So, the value would be equal to

= 26,000 cues × 8.89

= $231,140

6 0
3 years ago
Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in a
Murljashka [212]

Answer:

Becky

Explanation:

A person has absolute advantage in the production of a good if she produces more quantities of the good compared to the other person.

Susan produces 4 pizzas in an hour while Becky produces 5 pizzas in an hour. So, Becky has an absolute advantage in the production of pizzas.

I hope my answer helps you

6 0
3 years ago
Performance of which activities are most likely to improve in front of an audience?
Firlakuza [10]
<span>Well practiced activities are most likely to improve when performed in front of an audience. On the flip side, if an activity is ill-practiced, the performer is more likely to flub the performance. But practice enhances performance, and so anyone wanting to demonstrate a good show of something should practice it intently beforehand.</span>
7 0
3 years ago
Suppose the equilibrium quantity of gasoline is 1,150 gallons; that is, qmarket = 1,150. then the equilibrium price of a gallon
likoan [24]

<u>The equilibrium price of a </u><u>gallon could be</u><u> $3.3.</u>

What Is Equilibrium Quantity?

  • When a product is in equilibrium amount, there may be neither a scarcity nor a surplus at the market.
  • When deliver and call for cross, the quantity of a great that purchasers need to shop for is same to the quantity that its producers are supplying.

What is equilibrium amount and rate?

  • The handiest rate at which customer and manufacturer plans coincide is the equilibrium rate, that is reached while the amount demanded with the aid of using purchasers and the amount furnished with the aid of using producers, respectively, are same.
  • The equilibrium amount is the call given to this not unusual place amount.
  • At Q = 1150, the market equilibrium rate might lie among social fee and personal fee, which comes out to be among $3.1 and $3.5, that is $3.3.

Learn more about Equilibrium Quantity

brainly.com/question/14480835

#SPJ4

8 0
1 year ago
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