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
Alenkasestr [34]
3 years ago
13

The accompanying graphs depict the market for bags of potato chips, which is currently at an equilibrium price of $1.67 per bag

and an equilibrium quantity of 3.33 million bags. Suppose that, in an attempt to lower blood pressure and reduce healthcare costs, the government imposes a $1.00 excise (or commodity) tax on potato chips. Scroll down to answer all 6 parts of the question
a. Suppose the government levies this tax on manufacturers for each bag of potato chips they produce. Please shift the curve(s) to illustrate this. Price (Shop)
b. What is the price paid per bag by consumers (P.) after the production tax?
c. What is the price received net of tax (Pp) per bag by producers after the production tax?
d. Suppose the government, instead of levying the tax on producers, levies this tax on consumers for each bag of potato chips they purchase. Please shift the curve(s) to illustrate this. Price (S/bag)

Business
1 answer:
Sergeeva-Olga [200]3 years ago
6 0

Answer:

Equilibrium is the point of the interaction between the demand and supply curves.

The given graph given from the question is attached below (Image 1-2)

The solution is attached in image 3-4

You might be interested in
A parents' group in a small town formed an unincorporated association to run a little league soccer team. Alex was elected presi
Keith_Richards [23]

Answer:

The only person liable for the goods purchased is Alex because he was the person that made the purchases.

Explanation:

Alex is to be held liable because he was authorized to make the purchase. A single member of an unincorporated association is liable for the debts of the organization if they are given authorization to execute a specific act which is seen in this case here.

6 0
3 years ago
Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?
artcher [175]

Answer:

<em>B. Yes, although it may be breached in most states if there is a court order to do so.</em>

Explanation:

<em>Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. </em>Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. <em>This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so</em>.

3 0
3 years ago
For accounting purposes, postdated checks (checks payable in the future) are considered to be
klio [65]

The postdated checks are considered to be an accounts receivable for accounting purpose.

<h3>What is a postdated checks?</h3>

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

Read more about postdated checks

<em>brainly.com/question/3257002</em>

#SPJ12

6 0
2 years ago
The substitution bias in the consumer price index refers to the idea that consumers​ ______ the quantity of products they buy in
dsp73

Answer:

change; over-estimates

Explanation:

Substitution bias refers to a tendency in which economic index numbers don't include information about the changes in consumer spending when they switch expensive products for cheaper ones or buy less units as prices change. This changes are not reflected in the market basket from which the CPI is built which can cause inflation rates to be over-estimated.

7 0
3 years ago
Using the following accounts and balances, prepare the "Stockholders’ Equity" section of the balance sheet using 20,000 shares o
olga55 [171]

Answer and Explanation:

The preparation of the stockholder equity of the balance sheet is presented below:

Shares issued  $48,000,000

Add: Paid-In Capital in Excess of Par $6,400,000

Add: Paid in Capital from Sale of Treasury Stock $4,500,000

Add: Retained Earnings $63,680,000

Less: Treasury Stock, 40,000 shares -$5,200,000

Total stockholders' equity $117,380,000

6 0
3 years ago
Other questions:
  • A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke machines and CDs, in the fo
    5·1 answer
  • Nick and Teresa are debating the pricing strategy of several airlines. Nick argues, "When airlines restrict discounted tickets t
    8·1 answer
  • Natalie wants to help customers in the recreation, attractions, and amusement pathway of the Hospitality and Tourism career clus
    12·2 answers
  • Firm XYZ produces and sells corn in a perfectly competitive market and hires its workers in a perfectly competitive labor market
    10·1 answer
  • The tax rate as a percent, r, charged on an item can be determined using the formula – 1 = r, where c is the final cost of the i
    9·2 answers
  • . [5 pts] A life-saving medicine without any close substitutes will tend to have a. a small elasticity of demand. b. a large ela
    10·1 answer
  • Activities common to all businesses such as sales, operations (also called production), accounting, finance, and human resources
    14·1 answer
  • Clarksen Company uses a process costing system. The company requisitioned $93,000 of materials for Department A and $67,000 of m
    6·1 answer
  • Han Products manufactures 22,000 units of part S-6 each year for use on its production line. At this level of activity, the cost
    14·1 answer
  • The return on investment earned by atkins construction company for four successive years was 30% 20% -40% and 200%. What is the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!