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3 years ago

The amount of amount of deadweight loss as a result of the tax is:______

Business

1 answer:

klio [65]3 years ago

3 0

Answer:

D. $5,000

Explanation:

This deadweight in a lot of cases are seen to occur especially when demand and supply are not in equilibrium and in and in the above scenario, it is pegged at $5000. Therefore sometimes consumers experience shortages, and producers earn but they'd otherwise.

Taxes are also seen in the creation of deadweight loss because they prevent people from engaging in purchases they'd otherwise make because the ultimate price of the merchandise is above the equilibrium value. If taxes on an item rise, the burden is commonly split between the producer and therefore the consumer, resulting in the producer receiving less cash in on the item and therefore the customer paying the next price.

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3)During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in

Mars2501 [29]

Answer:

TRUE

Explanation:

A market opportunity indicated the Place time or commodity that helps to start or grow a business.

This market opportunity is like a forecast for a particular business to start and grow, when a proprietor gets the market opportunity he will start his business according to market forecast that helps him creating a suitable market for manufacturing commodities .

4 0

3 years ago

Suppose you purchase a $5,000 bond that pays 7% interest annually and matures in five years. If the inflation rate during the ne

galina1969 [7]

Answer:

2.88%

Explanation:

Use the following formula to calculate the real rate of return

Real rate of return = $\frac{( 1 + Nominal interest rate )}{( 1 + inflation rate)} -1$

Where

Nominal Interest rate = 7% = 0.07

Inflation rate = 4% = 0.04

Placing values in the formula

Real rate of return = $\frac{( 1 + 0.07 )}{( 1 + 0.04)} -1$

Real rate of return = $\frac{1.07}{1.04} -1$

Real rate of return = 1.0288 - 1

Real rate of return = 0.0288

Real rate of return = 2.88%

8 0

3 years ago

Questions about the tax multiplier:

lora16 [44]

Answer:

1. The tax multiplier for this nation is -2.33

2. The tax multiplier for this nation if a $150 increase in taxes reduces real GDP by $450 would be -3

3. Real GDP change will be of -$1,800 if the tax multiplier is-9 and taxes are reduced by $200

Explanation:

1. In order to calculate the tax multiplier for this nation according to the given data we would have to calculate the following formula:

tax multiplier for this nation=-MPC/1-MPC

tax multiplier for this nation=-0.7/1-0.7

tax multiplier for this nation=-2.33

The tax multiplier for this nation is -2.33

2. To calculate the tax multiplier for this nation if a $150 increase in taxes reduces real GDP by $450 we would have to make the following calculation:

tax multiplier for this nation=real GDP/increase in taxes

tax multiplier for this nation=-$450/$150

tax multiplier for this nation=-3

The tax multiplier for this nation if a $150 increase in taxes reduces real GDP by $450 would be -3

3. To calculate the amount of change will real GDP be if the tax multiplier is-9 and taxes are reduced by $200 we would have to make the following calculation:

tax multiplier=real GDP/increase in taxes

-9=real GDP/$200

real GDP=-9*$200

real GDP=-$1800

Real GDP change will be of -$1,800 if the tax multiplier is-9 and taxes are reduced by $200

6 0

3 years ago

XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; S

Molodets [167]

Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable

<h3>What is the labor efficiency variance?</h3>

This can be found as:

= (Actual hours x Standard rate) - (Standard hours x Standard rate)

Solving gives:

= 83,000 - 85,000

= $2,000 unfavorable

Find out more on the labor efficiency variance at brainly.com/question/27404735

#SPJ1

5 0

2 years ago

Samantha is interested in setting up her own accounting firm and wants to speciallze in the area ofaccounting that has experlenc

mrs_skeptik [129]

Answer:

Samantha should choose Financial Accounting

Explanation:

Financial Accounting is the area of accounting that has experienced the most growth in recent years. This is because of the large size and complexity of financial markets, and the increasing importance that they have in the overall economy.

Financial Accounting specializes in the recording and analysis of financial transactions. Financial transactions are those that a firm uses to obtain funds in order to invest in new projects, pay off other obligations, or simply capitalize the firm.

5 0

3 years ago