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marta [7]
3 years ago
5

Donna runs an inn and charges $300 a night for a room, which equals her cost. Sam, Harry, and Bill are three potential customers

willing to pay $500, $325, and $250, respectively. When the government levies a tax on innkeepers of $50 per night of occupancy, Donna raises her price to $350. The deadweight loss of the tax is:________
a. $25
b. $50
c. $100
d. $150
Business
1 answer:
alina1380 [7]3 years ago
6 0

Answer:

a. $25

Explanation:

According to the given situation, the computation of deadweight loss of the tax is shown below:-

Deadweight Loss = 1 ÷ 2 × 1 × ($350 - $300) = 1 ÷ 2 × ($50)

Or, Deadweight Loss = 1 ÷ 2 × ($50)

Or,  Deadweight Loss = $25

Therefore the correct option is a. $25

We simply considered the above values so that the deadweight loss of the ta could come

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Answer:

Samuel is using <em>Ingratiation</em> impression management strategy.

Explanation:

What is Impression Management Strategies ?

<em>Impression management is a conscious or subconscious process in which people attempt to influence the perceptions of other people about a person, object or event by regulating and controlling information in social interaction. </em>

There are many different strategies we can use while trying to impact the views of others. The most common impression management strategies include ingratiation, intimidation, supplication, self-promotion and exemplification.

Ingratiation - <em>The term ingratiation refers to behaviors that a person illicitly enacts to make others like him or her or think well of his or her qualities as a person. ... A second strategy is do favors or to help or assist a person.</em>

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3 years ago
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What should be the basic goal of a firm when it sets a level of output
siniylev [52]

What should be the basic goal of a firm when it sets a level of output?

The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.

8 0
4 years ago
Question 9(Multiple Choice Worth 5 points) (04.03 LC) In our culture, one recent fatal event is common and does not affect the i
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The pandemic and measures were taken to control the spread disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses.

<h3>What was the impact of pandemic over the insurance businesses?</h3>

Businesses across many sectors of the economy faced major decline in the revenue during the pandemic due to which government direct them to close their businesses.

Insurers and their associations around the world stated that most of the policyholders have not acquired insurance coverage which will respond to the business interruption losses that result from pandemic business closures.

Business interruption insurance against pandemic risk could be provided with support from governments based on the experience of risk insurance programs.

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5 0
2 years ago
You work for a company where the HR director has been involved in unethical activities. You know that others are also aware of t
lions [1.4K]

Answer:

Personal Pros & Cons

Explanation:

To become a whistleblower in this situation, you might want to stay anonymous when reporting the situation. By staying anonymous you can report this situation without being worried that this HR director will know. But, if you don't want to become the whistleblower someone else might report them and you'll be out scot-free. But in the chance, someone doesn't, then you might feel guilty for not reporting this issue.

4 0
3 years ago
A company sells two models of a product—basic and premium. Fixed costs are $150,000. The basic model has a variable cost of $75
Ivenika [448]

Answer:

Break-even in composite units = 4364 units (rounded off)

Explanation:

The break-even point in composite units is used when there are two or more products. It is calculated by first calculating the individual Contribution of each unit and then calculating the weighted-average contribution per unit. Then the Total Fixed costs are divided by the weighted average contribution per unit.

Following are the calculations,

  • Contribution per unit (Basic) = 100 - 75 = 25/unit
  • Contribution per unit (Premium) = 150 - 100 = 50/unit
  • Weighted average contribution = (25 * 5/8) + (50 * 3/8) = 34.375/unit
  • Break-even in composite units = 150000 / 34.375 = <em>4363.636364 units</em> rounded off to <em>4364 units</em>.
5 0
4 years ago
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