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MissTica
3 years ago
10

Tom walks bethany's dog once a day for $50 per week. bethany values this service at $60 per week, while the opportunity cost of

tom's time is $30 per week. the government places a tax of $35 per week on dog walkers. before the tax, what is the total surplus?
a. $30

b. $25

c. $60

d. $50
Business
1 answer:
s344n2d4d5 [400]3 years ago
5 0

The total surplus is A. $30.

The surplus is the amount of money that is let over after all requirements have been met/paid. This can also be an excess amount of production that is over the amount of money demanded. The opportunity cost is $30, which is what Tom values his time being worth that he is not getting due to dog walking.

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Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a
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Answer and Explanation:

The computation of the ending balance in the work in process inventory for each department is shown below:

For Cutting department

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And, for binding department

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8 0
3 years ago
Suppose the following transactions occur during the current year:
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Answer:These transactions combines will increase the Gross Domestic Products by +2500

Explanation:

Gross domestic product is the Value of all goods and service produced within the boarders of the country over a period of time. Gross domestic product is measured in monetary terms. Gross domestic product can also be calculated as a total of all expenditures on goods and services in the economy.

we will now sow how these Transactions affect the gross domestic product

1. 50 cases of beer from a dutch distributor at $40 per case

When Dmitri (assuming he is in the United States) Purchases a 50 cases of beer abroad, Imports increase by $2000 ($40 x 50 cases)

Imports have a negative impact on the Gross domestic product, Therefore the Gross domestic product will decrease by $2000

-$2000 imports = -2000 Gross Domestic Product. ceteris pa

2.US Company sells 200 Transistors to a Spanish company at $15 per case

Exports increase Gross domestic product. When a US Company sells 200 transistors to a Spanish Company at a price of $15 per transistor, Exports will increase by $3000. When export increase Gross domestic product will also increase by -$3000 ceteris par

+$3000 export = + 3000 Gross Domestic Product.

3. Jake US Citizen pays $1500 for a laptop he orders from microell (a US company)

This transaction will increase Consumer's domestic consumption which is represent by a Variable denoted by C in the Consumption equation. When Jake pays $1500, Consumption increases by $1500 which also increases Gross domestic Product by $1500 ceteris pa

+$1500 Consumption = + $1500 Gross domestic product

Combined effect of these Transactions

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These transactions combines will increase the Gross Domestic Products by +2500

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