Answer:
Deadweight loss is $5000
Explanation:
Calculation to determine what deadweight loss is
First step is to calculate the Change in quantity
Change in quantity =2500-2000
Change in quantity=500 unit
Now let determine the Deadweight loss
Using this formula
Deadweight loss =0.5* Change in quantity *(Willingness to pay at the price ceiling -Price ceiling)
Let plug in the formula
Deadweight loss =0.5*500*(50-30)
Deadweight loss=250*20
Deadweight loss =5000
Therefore the deadweight loss is $5000
Answer:consumers
Explanation:
In a free-market system, consumers and producers have sovereignties that drive the market and decisions made to ensure that supply and demand
Answer:
$ 1,212 Net INCOME
Explanation:
Income Statement
$ 7,030 Sales
-$ 230 Sales returns and allowances
$ 6,800 Net Sales Revenues
-$ 90 Depreciation expense
-$ 3,400 Cost of goods sold
$ 3,310 Gross PROFIT
-$ 499 Advertising expense
-$ 114 Research and development expense
-$ 460 Salaries and Wages Expenses
-$ 105 Rent expenses
-$ 60 Utilities Expenses
-$ 1,238 Operating EXPENSES
$ 2,072 Operating INCOME
-$ 46 Loss on disposal of plant assets
-$ 161 Interest Expenses
-$ 207 NonOperating EXPENSES
$ 1,865 NET INCOME AFTER TAXES
-$ 653 Income Tax Expenses 35%
$ 1,212 Net INCOME
Answer:
Approx 34 months are required to payoff the loan
Explanation:
In order to calculate How long will it take you to pay off the loan we would have to calculate first the Loan amount outstanding as follows:
Loan amount outstanding = 600 *4 *12 = $ 28,800
Therefore, to calculate How long will it take you to pay off the loan we use the following formula:
Amount =Payment (1+ r/n)^t
28,800 = 775 (1+ .09/12)^t
28,800 /775 = (1 +.0075 ) ^t
37.16 = (1.0075)^ t
when we used it and trial method the compounded value comes to be 37.85 when t= 34 months
Hence, approx 34 months are required to payoff the loan
<span>A weakness of Case study research method. Case study is a detailed research strategy that focuses on a subject (the case), and all its related contextual conditions and complexities. It rises or falls with the subject because an average, or atypical case, is often not the richest source of information. There's always exceptions to everything. Since it has been proven that cigarettes kill, an 89 years old chronic smoker who has lived longer than expected would flaw the reasearch. This is obviously one of the main weakness of case study research method. If one or two subjects defy all odds that is no reason to base our assumptions/conclusions on that. It is certainly not in the researcher's best interest to gauge certain qualities, attributes, or expectations based on a particular case. Case study research method usually analyzes, scrutinizes and draws conclusions from a subject which is often inaccurate; drawing conclusions from a sample of hundreds and even thousands using one or two is often far from the main result.</span>
