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andrezito [222]
3 years ago
9

Suppose Yolanda needs a dog sitter so that she can travel to her sister's wedding. Yolanda values dog sitting for the weekend at

$200. Rebecca is willing to dog sit for Yolanda so long as she receives at least $175. Yolanda and Rebecca agree on a price of $185. Suppose the government imposes a tax of $30 on dog sitting. What is the deadweight loss of the tax
Business
1 answer:
Ne4ueva [31]3 years ago
6 0

Answer:

$25

Explanation:

Willingness to pay is the highest amount a consumer is willing to pay for a service

A tax is a compulsory sum levied on goods and services by the government. Taxes increases the price of goods

deadweight loss of the tax is the reduction in demand or efficiency as a result of tax

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The 4P’s include____
NikAS [45]

Answer:

price,product, promotion,place

5 0
3 years ago
If consumption expenditures are $200 billion, total investment is $50 billion, government purchases are $40 billion, exports are
kolezko [41]

Based on the information given the aggregate expenditures must be: $295 billion.

Using this formula

Aggregate expenditure= Consumption expenditures+ Total investment + Exports

Where:

Consumption expenditures=$200 billion

Total investment= $50 billion

Exports=$45 billion

Let plug in the formula

Aggregate expenditure=$200 billion+$50 billion+$45 billion

Aggregate expenditure=$295 billion

Inconclusion the aggregate expenditures must be: $295 billion.

Learn more here:

brainly.com/question/14956152

4 0
2 years ago
In business markets, individuals or groups purchase products for one of three purposes. These purposes areA) resale, wholesale,
Elanso [62]

Answer:

D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations

Explanation:

Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.

Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets

Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.

Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.

  • Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
  • Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.

Read more on Brainly.com - brainly.com/question/14212640#readmore

5 0
4 years ago
A tax on the buyers of coffee will a. decrease the price of coffee paid by buyers, increase the net price of coffee received by
coldgirl [10]

Answer:

d. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Explanation:

A tax is an amount levied by the government on a good or service.

A tax increases the price of the good.

Burden of tax is borne by consumers and producers depending on who has the greater price elasticity.

A tax would increase the amount paid by consumers for a cup of coffee and reduce the amount received by suppliers.

A tax would reduce the quantity demanded and supplied, so equilibrium quantity would fall

I hope my answer helps you

6 0
3 years ago
When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000 share of $10 par value common sto
SOVA2 [1]

Answer:

Option (C) is correct.

Explanation:

The Journal entry is as follows:

Cash A/c (8,500 × $16) Dr. $136,000

      To  Common stock  $85,000          

       To Paid in Capital in Excess of Par $51,000

Workings:

Common stock:

= Shares of stock × Par value of stock

= 8,500 shares × $10

= $85,000

Paid in Capital in Excess of Par:

= 8,500 shares × ($16 - $10)

= 8,500 shares × $6

= $51,000

8 0
3 years ago
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