1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
enot [183]
2 years ago
8

In the market for gadgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical dow

nward-sloping straight line. The equilibrium quantity in the market for gadgets is 320 per month when there is no tax. Then a tax of $6 per gadget is imposed. As a result, the government is able to raise $1,500 per month in tax revenue. We can conclude that the equilibrium quantity of widgets has fallen by
Business
1 answer:
Marina CMI [18]2 years ago
3 0

Answer:

70 units

Explanation:

Quantity = Tax revenue / Tax per unit

Quantity = $1,500/$6

Quantity = 250

Change in Quantity = 320 - 250

Change in Quantity = 70 units

So, the quantity decreased 70 units per money. Hence, we can conclude that the equilibrium quantity of widgets has fallen by 70 units.

You might be interested in
On June 1, 2015, Ivanhoe Company and Shamrock Company merged to form Bridgeport Inc. A total of 752,000 shares were issued to co
kompoz [17]

Solution:

a-1) Calculation of the number of shares used for calculating Basic Earning per share    

No. of shares                         period        

752000                                    3/12                           188000    

1314000                                    9/12                           985500    

Weighted average No of shares outstanding   1173500

a-2) Calculation of the number of shares used for calculating Diluted Earning per share    

                        No. of shares                 period        

                          752000                   3/12                 188000                                     1314000                    3/12                  328500      with Bonds       1340400                    6/12                670200      

Weighted average No of shares outstanding           1186700   

Each bonds to per converted into 44 common stock

i.e. 600 Bonds *44 common=26400 Potential equity shares

b-1) Calculation of earning figures to be used for calculating Basic Earning per share    

After Tax net Income will be earnings = $1614000      

b-2) Calculation of earning figures to be used for calculating Diluted Earning per share    

After tax net Income                                                   1614000      

Interest for the 2017 =600000*7*6/12   21000      

Tax effect on Interest @40%                     8400      12600                                                                                                 1626600

Earnings = 1626600      

7 0
3 years ago
ABC, Inc. a contracting business has purchased a truck costing $50,000 with a depreciable life of 5 years. Using
k0ka [10]

Answer:

it would increase

Explanation:

you pay to pay for gas and oil

8 0
3 years ago
Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead
o-na [289]

Answer:

Please find the complete question in the attached file.

Explanation:

Rocky believed there would be a 30\% possibility of a July bonus for touring, i.e < 50\%, from July 1-July 15 (10 days)-. Therefore no bonus can be calculated as \$2,400 / day trip \times 10 days =\$2,400 throughout this duration.

The expected 15-day revenues from 16th July – 31st July may well be calculated as \$2,400 \times 15 \ days = \$36.000. Rocky calculated that it would get the bonus 80\% of the time. Estimates a \$240/day\ bonus \times (10\ days + 15\ days) = \$6,000

3 0
3 years ago
Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieve
Sidana [21]

After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.

Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved

<h3>Wages</h3>

Wages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.

Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.

learn more about wages: brainly.com/question/1622389

6 0
2 years ago
U.S.-based companies should turn to the _____ for the most comprehensive source of export information.
Juliette [100K]

Answer:

Department of commerce

Explanation:

U.S.-based companies should turn to the department of commerce for the most comprehensive source of export information.

The department of commerce is a section in the United States government. It creates jobs through good and favorable international trade terms, sustainable development and through access to high technology.

It provides companies with trade informations of which exports is one.

6 0
3 years ago
Other questions:
  • Assume the economy is on aggregate demand AD1. The Fed should attempt to raise investment by enough to shift aggregate demand fr
    15·1 answer
  • Abbott Company purchased $6,500 of merchandise inventory on account. Advent uses the perpetual inventory method. Which of the fo
    6·1 answer
  • If the marginal propensity to consume equals 0.90​, the tax rate equals 0.25​, what is the value of the government purchases​ mu
    7·1 answer
  • The price of a complementary good changes. __________ Demand shifts Movement along demand Incomes in the economy​ change; the go
    15·1 answer
  • Why shouldn’t a legal firm represent both parties in a lawsuit
    13·1 answer
  • Suppose that the equilibrium wage for teachers in Michigan is $15/hour. Also suppose that Michigan raises its minimum wage to $1
    15·1 answer
  • Turtle Corporation produces and sells a single product. Data concerning that product appear below:
    15·1 answer
  • Carryon Company sells a product and a 12-month service package for that for a combined price of $800. Separately, the product an
    9·1 answer
  • Welcome Inn Hotels is considering the construction of a new hotel for $90 million. The expected life of the hotel is 30 years, w
    14·1 answer
  • Please answer quickly will mark BRAINLIST
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!