Answer:
option (c) $600
Explanation:
Given:
Tax = $4 per unit
Initial equilibrium quantity = 2,000 units
Final equilibrium quantity = 1,700 units
Decrease in consumer surplus = $3,000
Decrease in consumer surplus = $4,400
Now,
Deadweight Loss is calculated using the formula:
Deadweight loss
= 
× Tax × (Original equilibrium quantity - New equilibrium quantity)
on substituting the respective values, we get
Deadweight loss = × 4 × (2,000 - 1,700)
or
Deadweight loss = 2 × (3) = $600
Hence,
the correct answer is option (c) $600
Answer:
Let suppose the value of property is 100 dollars currently.
The price of a certain property increased by 10% in the first year, means the value of property at this point is (100 *1.1) 110 dollars.
In the second year the value of property decreases by 20% mean the value of property at this point is (110*0.80) 88 dollars, that is 80% of previous value determine.
In the third year the value of property increases by 25% mean the value of property at this point is (88*1.25) 110 dollars that is 25% more than previous value determine.
So in second year the value in dollars is 88 dollars.
Answer:
c. recurring growth and decline in real GDP.
Explanation:
A business cycle is also called a economic cycle or trade cycle, and it is the fluctuation of GDP up and down along its long term growth trend. A business cycle consists of a period of boom and contraction in sequence.
It shows rise and fall in production of goods and services within a country including output from businesses, individuals, households, nonprofits, and government.
There are 4 stages that make up the business cycle that is peak, recession , trough, and expansion.
Based on the information given regarding the monopoly power, the remedy by the court will be<u> divesting itself of the control or ownership of</u><u> Child Shops</u>.
It should be noted that antitrust laws are put in place in order to protect consumers from business practices that are predatory and also ensure fair competition.
Since antitrust laws recommend the breaking of certain business conducts, there'll be the divesting of the company of the control or ownership of Child Shops.
Learn more about monopoly on:
brainly.com/question/13113415
Answer:
(D) $ 4,950
Explanation:
The computation is shown below
As We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of goods manufactured
where,
Total manufacturing cost = Direct materials used + direct labor cost + manufacturing overhead cost
= $10,000 + $25,800 + $19,200
= $55,000
So, the opening work in process inventory would be
$11,200 = Opening work in process + $55,000 - $48,750
So, the opening work in process is
= $4,950
