A tax of $0.25 is imposed on each bag of potato chips that is sold. The tax decreases producer surplus by $600 per day; • generates tax revenue of $1,220 per day; . decreases the equilibrium quantity of potato chips by 120 bags per day. From this information, it follows that the tax a. decreases consumer surplus by $645 per day. b. decreases the equilibrium quantity from 6,000 bags per day to 5,880 bags per day. c. decreases total surplus from $3,000 to $1,800 per day. d. produces a deadweight loss of $15 per day.
Answers: 3
Business, 21.06.2019 14:30
Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the deft product manager wishes to achieve a product contribution margin of 35%. given their product currently is priced at $35.00, what would they need to limit the material and labor costs to?
Answers: 3
Business, 22.06.2019 20:00
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
Business, 23.06.2019 00:40
The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.
Answers: 3
A tax of $0.25 is imposed on each bag of potato chips that is sold. The tax decreases producer surpl...
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