Answer:
Tax = 120 per unit
Explanation:
First lets calculate Socially optimum Marginal Profit,
This can be computed by factoring in the marginal external benefit in the costs.
thus,
PMB = (PMC + MD)
This gives us the socially profit maximizing level of Product Q in quantity produced terms. we solve for Q the above equation. As generally profit is maximized at Marginal cost = Marginal Revenue
540 - 6Q = 8Q + 4Q
540 = 18Q
Q = 30 units
Since the tax amount should equal the value of marginal external damage so the amount of tax at socially optimum level thus is,
MD = T,
that gives T = 4 * 30 = 120 per unit
This shall then give the revised Marginal cost function of
Revised marginal cost = 8Q + 120. This corrects the externality by making production more expensive.
Hope that helps.
Answer:
A) pure competition
Explanation:
A pure competition is characterised by :
1. Many buyers and sellers of homogenous goods
2. Firms are price takers. They do not set the price for their products.
3. There are no barriers to entry or exit of firms
The sellers of seafood products exhibit the first two characteristics, hence, they are a pure competition
A monpolistic firm is characterised by
1. Many buyers and sellers of differentiated goods.
2. Firms set the price for their goods
An oligopoly is characterised by:
1. Few large firms in the industry
I hope my answer helps you
It seems that the government of Semput is operating a (C) command economy.
A command economy is a system where a country’s government has the final decision on what items would be sold in the market, at what price, and also the quantity of these items. This type of economic system is commonplace in communist or socialist countries. It differs from a market economy in which this type is governed by the supply and demand that the market generates.
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85.
total variable costs:
- raw materials $15
- labor costs $8
- commissions $2
- total $25
total fixed costs:
- utilities $50,000
- rent $96,000
- salaries $150,000
- taxes $30,000
- total $326,000
contribution margin per swimsuit and accessory =$85 - $25 = $60
break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units
break even point in $ = 5,434 x $85 = $461,890
Universities always have expulsion as their highest punishment, and first time offenses can result in this depending on the severity of the violation.
It depends with high schools, but frequency of offenses plays a huge role. They typically don't expel on the first offense. A typical progression for high schools is like this: Failed assignment on first offense, failed class on second offense, expulsion on third offense.