Business, 05.12.2019 03:31 keaganaplin

Astudy finds that the noise from rock concerts is harmful; hence, the government imposes a $30 tax on the sale of every unit. this amount accurately accounts for the external cost of the noise pollution. before the corrective tax, concert tickets regularly sold for $190. after the tax is in place, the market price for concert tickets rises to $195.

because of the tax, the number of concert tickets sold will .

the socially optimal price of concert tickets is $ .

the private market price is $ .

a firm selling concert tickets receives $ after it pays the tax.

Answers: 2

Show answers

Answers

Answer from: MysteryDove12

The correct answer is: decrease; $195; $190; $165.

Explanation:

A study found the noise from rock concerts to be harmful.

To correct the externality created by the concerts, the government imposes a tax $30 on sale of each unit.

The price of tickets was initially $190.

After the imposition of the corrective tax, the price increased to $195.

This increase in price will cause the demand for tickets to decrease. As a result, the number of concert tickets sold will decrease.

The socially optimal price of the tickets is $195, as this price eliminates externalities.

The private market price is the price which was creating externalities, in this case, it is $190.

We can find the price received by the firms by deducting the tax amount from the new price.

The price received by the firms is

= $195 - $30

= $165

Answer from: Quest

idk

explanation:

idk

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Another question on Business

Business, 22.06.2019 02:00

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

Answers: 2

Answer

Business, 22.06.2019 05:30

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Answers: 2

Answer

Business, 22.06.2019 07:40

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

Answers: 1

Answer

Business, 22.06.2019 10:50

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Answers: 3

Answer

You know the right answer?

Astudy finds that the noise from rock concerts is harmful; hence, the government imposes a $30 tax...

Questions