All categories

2 years ago

Can policy market interventions cause consumer or producer surplus.

Business

1 answer:

kifflom [539]2 years ago

7 0

Answer:

What government interventions cause consumer or producer surplus?

There are two main economic effects of a tax: a fall in the quantity traded and a diversion of revenue to the government. A tax causes consumer surplus and producer surplus (profit) to fall..

Explanation:

its a tax

You might be interested in

Sleep master, inc. manufactures bedding sets. the budgeted production is for 57,000 comforters in 2013. each comforter requires

pentagon [3]

Answer:

Total Material cost = $507,000

Explanation:

Material budget shows the total budgeted material cost for a specific period.

Sleep master, inc.

Direct Material Budget

December 31, 2013

Budgeted production units 57,000

yards required per comforter × 6

Materials needed for production = 342,000 yards

Add: Ending Material Inventory = 27,000 yards

Total Material units required = 369,000 yards

Less: Beginning Materials = (31,000) yards

Material used = 338,000 yards

Cost per yard × $1.50

Total Material cost = $507,000

5 0

3 years ago

Purchases that have substantial social or economic consequences: question 13 options: represent routine purchases that pose litt

lana66690 [7]

Purchases that have substantial sociale or economic consequences represent high-involvement purchase decisions because they require a deep scrutiny phase where positive consequences are compared with negative ones to understand if benefits outweigh losses and are desirable for society.

7 0

3 years ago

The following chart represents the schedule of workers and wages for an ice cream shop. Considering that this is a perfect compe

Ronch [10]

Answer:

3 workers

Explanation:

At optimal point, wage = Price * Marginal Product of Labour (MPL)

When 3 workers are employed,

Since wage is given = 25

And price = 4

When 3 workers are hired, wage is close to price * MPL because wage = 25 and p*MPL = 24

salary paid = $25*3 = $75

Revenue generated = 24*$4= $96

This combination provides the best profit margin which is 96 - 75 = $21.

4 0

2 years ago

What is dumping?

pychu [463]

Dumping is exporting goods at prices that are lower than their value.

4 0

3 years ago

Read 2 more answers

If fixed costs are $100,000, variable cost per unit is $40, and the selling price is $60, how many units must be sold for the fi

Margarita [4]

In order to break even, they would need to sell at least 5,000 units

Break even point is calculated by the formula:

Fixed costs÷(selling price -variable costs per unit)

i.e.

100,000 ÷ (60-40) = 5,000

Anything they sell above this number will start to produce profits for the company

3 0

3 years ago