In the market for gadgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for gadgets is 320 per month when there is no tax. Then a tax of $6 per gadget is imposed. As a result, the government is able to raise $1,500 per month in tax revenue. We can conclude that the equilibrium quantity of widgets has fallen by

Answers

Answer 1

Answer:

70 units

Explanation:

Quantity = Tax revenue / Tax per unit

Quantity = $1,500/$6

Quantity = 250

Change in Quantity = 320 - 250

Change in Quantity = 70 units

So, the quantity decreased 70 units per money. Hence, we can conclude that the equilibrium quantity of widgets has fallen by 70 units.


Related Questions

When linking operations to business strategies, the order winner of the product imitator strategy, is _____ for the customer, whereas the order winner of the product innovator strategy is ______.

Answers

Answer:

The question is incomplete, the options are missing. The options are the following:

a) Flexibility; price

b) Flexibility; quality

c) Quality; price

d) Price; quality

e) Price; flexibility

And the correct answer is the option E: Price; flexibility.

Explanation:

To begin with, in the field of business management the term known as "product imitator strategy" refers to a type of technique or strategy used by the companies in the situation where the want to reproduce a product that is imitating the product of the leader company of the industry. It is a very common and used method in most of the industries due to the fact that it happens when many companies try to produce a product that is similar to the ones of Apple for example. And when it comes to this strategy the most important matter for the customer is the price while for the for the product innovator strategy is the flexibility of it.

write an essay corruption is the root cause of the social ills plague the society​

Answers

Answer:

corruption is the root of social ills because those that are in power take money for their own use and that money was supposed to buy medication for the country

An order taker at a producer of bed linens receives an order from a retailer for
6,500 pillows to be shipped to the retailer's warehouse. The retailer will pay
for shipping. Which channel member is most likely to set requirements for
routing?
A. The retailer
OO
B. The producer
C. The wholesaler
D. The consumer

Answers

Answer: The retailer

Explanation:Ape

A division of Frank Clothiers had 36 openings for assistant store manager last year. As part of their voluntary affirmative action plan, they filled the vacancies with 16 African-Americans, 10 Hispanics, and 10 Whites. The selection process was a multiple-hurdle approach which began with an application form and a test of basic verbal and math skills called the Wonderlic Personnel Test. Applicants who scored 25 (out of 50) or higher on the test were then given an interview with the store managers. Based on the interview performances, the vacancies were filled. The numbers of African-Americans, Hispanics, and Whites who passed the test were as follows:_______.
Test ScoresAfrican-AmericansHispanicsWhites# scoring 25 or more252874# scoring less than 25262029Totals5148103Dennis Goebel, one of the African-American applicants who scored 19 on the test, filed a suit on behalf of all African-American applicants who failed. Mr. Goebel claimed race discrimination based upon Title 7. Frank Clothiers argued that more African-Americans were actually hired than any other protected class. Thus, the company asserts, there is obviously no racial discrimination in the selection process.Can disparate impact theory be used in cases involving subjective selection processes like interviews? What Supreme Court case supports your decision?

Answers

Answer:

Explanation:

Yes, Disparate Impact Theory can be used in this case relating to the processes of subjective selection such as interrogations. If a discriminatory workplace practice has an unfair and aggressive impact on minorities, it may be in violation of Title VII. Professional individual employees who support on the basis of discretionary judgments without intending to do so are engaging in biased conduct.

The case of Watson V. Fort Worth Bank & Trust will be used to support my claim. Clara Watson turned down a promotion that was contingent on an interview under this scenario.

The U.s. Supreme Court Declared that a Title VII claim to a strategy of subjection enforcement can only be investigated under the unequal care principle. In the majority decision, the Court allowed the principle of (disparate effects) to apply to arbitrarily defined work practices.

Irvine Regional Hospital (IRH) consumes 500 boxes of bandages per week. The price of bandages is $70 per box. The cost of processing an order is $60, and the cost of holding one box for a year is 15% of the value of the material. What is the unit holding cost h of bandages

Answers

Answer:

the unit holding cost is $10.5

Explanation:

The computation of the unit holding cost h of bandages is shown below;

= Price of bandages × holding cost percentage

= $70 × 15%

= $10.5

By multiplying the price of bandages with the holding cost percentage we can get the unit holding cost h of bandages

Hence, the unit holding cost is $10.5

An organization with customer-focused design with the inverted organization structure puts the empowered front-line workers at the top of the pyramid. A good example of this form of organization includes _____.

Answers

Answer:

tellers at JP Morgan Chase branches.

Explanation:

The organization i.e. customer focused along with it, it is inverted organization that empowered the front line workers at the upper level of the pyramid so this organization form represent the example of the tellers at the branches of JP Morgan chase where the same thing happen

So the same is to be considered

Corporations whose stock is traded in a public market must report earnings per share on their a.balance sheet. b.statement of stockholders' equity. c.Earnings per share is not reported on the financial statements. d.income statement.

Answers

Answer:

d.income statement.

Explanation:

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.

One of the advantage of a corporation is that, owners have limited liability for debt to the extent to which they have invested and as such are not personally liable for some of debt owed by corporation.

Generally, it is considered to be one of the most complicated and expensive type of organization. Generally, a corporation is considered to be perpetual in nature and it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity. Also, corporations can be sold through stocks or shares, as a public entity.

A corporation that its stock is being traded in a public market is required to report earnings per share on their income statement.

PERSONAL FINANCE 10 POINTS// WILL GIVE BRAINLIEST

What is likely to be TRUE about making financial decisions as people get older?

A.
Financial decisions become bigger and more complex.

B.
Making decisions is easier as there are fewer risks involved.

C.
There are fewer major decisions to make.

D.
Financial situations will be simpler with fewer consequences.

Answers

I believe it is A, as somebody whose watched adults I have gained intel about the lives and many say that financial decisions become harder! hoped this helped

Financial decisions become bigger and more complex.

A very large company would be most likely to have a(n) ___ at the ahead of its accounting department.

A. Executive vice president
B. Controller
C. Chief financial officer
D. Accounting manager

Answers

A very large company would be most likely to have a Chief financial officer as the head of its accounting department.

The Chief Financial Officer (CFO) would most likely be in charge of the accounting division of a very large corporation. A company's Chief Financial Officer (CFO) is in charge of all financial operations, including accounting, budgeting, financial reporting, and forecasting. The day-to-day accounting activities of a corporation are managed by the controller, who holds a mid-level role. The basic duties of the accounting manager include leading a group of accountants and supervising the creation of financial statements and reports. Even though the executive vice president may be in charge of the entire organization, they could not have specific knowledge of accounting and finance.

A Chief Financial Officer (CFO) is a senior executive accountable for directing the financial actions of a firm. Monitoring cash flow, assessing the firm's financial advantages and disadvantages, and creating strategies for financial expansion are all tasks assigned to the CFO. Also, they are in charge of supervising the creation of predictions and current financial reports. In conclusion, the CFO is essential to the efficient management of a company's finances.

To learn more about Chief Financial Officer, click below:

https://brainly.com/question/30711143

#SPJ1

According to the text, all of the following are ways managers can improve their writing skills EXCEPT: a. respecting the reader. b. writing lengthy explanations. c. knowing your point and get to it. d. getting a second opinion. e. writing clearly rather than impressively.

Answers

Answer:

According to the text, all of the following are ways managers can improve their writing skills EXCEPT:

b. writing lengthy explanations.

Explanation:

The key to successful business reports is writing briefly.  Managers who write lengthy explanations will not get the attention of their readers.   Business reports should be highly summarized, concise, and be relevant at all times.  A brief report respects the reader's time.  It shows that the writer knows the relevant points to include.

i am meeting my new team, which I will directly supervise for the first time. I introduce myself and jump right into the agenda items for the jobs each team member will be assigned. I am using ______.

Answers

Leadership?...........

Consumers buy goods or services they want or need.
True
False

Answers

Answer:

True

Explanation:

Which one of the following statements is correct with respect to coinsurance used with commercial insurance policies? A. The rates ordinarily used for insuring buildings and personal property are calculated with the assumption that they will be used with a 100 percent coinsurance clause. B. When a policy requires a coinsurance percentage higher than 80 percent, the 80 percent coinsurance rate remains the same. C. When the coinsurance requirement is less than 80 percent, the rate is decreased. D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.

Answers

Answer:

D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.

Explanation:

Coinsurance is the amount which is fixed cost payable by the insurance seeker in order to provide claim against the risk. The coinsurance rate is decided based on the risk nature. If the risk is high the coinsurance rate will be higher so that insurance coverage is maximum.

Wayne owns a 30% interest in the capital and profits of Emerald Company (a calendar year partnership). For tax year 2020, the partnership earned revenue of $900,000 and had operating expenses of $660,000. During the year, Wayne withdrew from the partnership a total of $90,000. He also invested an additional $30,000 in the partnership. For 2020, Wayne's gross income from the partnership is: a.$162,000. b.$72,000. c.$132,000. d.$90,000.

Answers

Answer:

$72,000

Explanation:

Calculation to determine what Wayne's gross income from the partnership is:

Using this formula

Gross income=Interest in the capital×(Partnership earned revenue -Operating expenses )

Let Plug in the formula

Gross income=30% ×($900,000 – $660,000)

Gross income = $72,000

Therefore Wayne's gross income from the partnership is:$72,000

Marketing managers can choose from six forms of nonstore retailing to replace or supplement brick-and-mortar retailing, each with differing levels of customer and retailer involvement.

a. True
b. False

Answers

Answer: True

Explanation:

Brick and mortar simply means when there's a physical presence for an organization.

It should be noted that marketing managers can choose from six forms of nonstore retailing to replace or supplement brick-and-mortar retailing. These non store retailing include:

1. Automatic Vending

2. Direct Mail and Catalogs

3. Television Home Shopping

4. Telemarketing

5. Online Retailing

6. Direct Selling

Flipflops Inc. borrowed $4.4 million from its local bank on January 1, 2021, and issued a 4-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 7%. Installment payments are $1,299,004 annually. What amount would be reported in the cash flow from operations section of the cash flow statement

Answers

Answer:

$308,000

Explanation:

On this note, only the Interest expense is recorded under cash flow from operations section of the cash flow statement.

Thus we need to determine the interest expense first :

Interest expense = $308,000  ($4.4 million x  7%)

Assume that the Fed increases the money supply when there is substantial unemployment in the economy. According to the quantity theory of money, if velocity is constant, then:

Answers

Answer:

Nominal GDP will increase.

Explanation:

Quantum Inc. has warrants outstanding that allow the holder to purchase 1.5 shares of stock per warrant at $30 per share (exercise price). Thus, each individual share can be purchased at $30 with the warrant. The common stock is currently selling for $36. The warrant is selling for $12.

Required:
a. What is the intrinsic (minimum) value of this warrant?
b. What is the speculative premium on this warrant?
c. What should happen to the speculative premium as the expiration date approaches?

Answers

Answer:

A. $9.00

B. $3.00

C. Decrease

Explanation:

a. Calculation to determine the intrinsic (minimum) value of this warrant

Using this formula

I = (M – E) × N

Where,

I represent Intrinsic value of a warrant

M represent Market value of common stock

E represent Exercise price of a warrant

N represent Number of shares each warrant entitles theholder to purchase

Let plug in the formula

I=($36 – $30) *1.5

I=$6*1.5

I = $9.00

Therefore the intrinsic (minimum) value of this warrant is $9.00

b. Calculation to determine the speculative premium on this warrant

Using this formula

S = W – I

Where,

S representSpeculative premium

W represent Warrant price

I represent Intrinsic value.

Let plug in the formula

S=$12-[($36 – $30) *1.5]

S=$12 – $9

S = $3.00

Therefore the speculative premium on this warrant is $3.00

c.What should happen to the SPECULATIVE PREMIUM as the expiration date approaches is for it to DECREASE and thereby approach $0.

The maximum one-day loss computed for the value-at-risk (VaR) method does not depend on: a. the current level of interest rates. b. the standard deviation of the daily percentage changes in the currency over a previous period. c. the confidence level used. d. the expected percentage change in the currency for the next day

Answers

Answer:

a. the current level of interest rates

Explanation:

The current interest rate represent the factor that does not based upon the rate of interest as it does not modify on the frequentyly basis such as the price of the stock or the current price. In the case when we do the trasing in the stock market so the standard deviation would be used in order to get to know the stock volatility

Hence, the option a is correct

a lawnmower manufacturer has the following loss distribution for its annual products liability costs: loss probability 250,000 0.05 10,000 0.15 0 0.9 what is the expected claim cost for a policy with $10,000 deductible

Answers

Answer: $12,000

Explanation:

The question makes no sense in one area. The loss probability for $0 cannot be 90% because the other two are collectively 20%. I shall therefore assume that the loss probability for $0 is 80% so that they add up to 100%.

Expected claim cost = ∑[loss probability * (Loss - Deductible)]

= 0.9 * 0 + [0.15 * (10,000 - 10,000)] + [0.05 * (250,000 - 10,000)]

= $12,000

Peter, Paul, and Mary go to an all-you-can-eat buffet. The normal entrance fee is $20, but Peter gets in free because it is his birthday and they have a special. Paul uses a coupon and only pays $10. Mary is the only one to pay the full $20. They are all equally hungry and have an equally large appetite. If they are all rational decision makers, the person who should eat the most is:

Answers

Answer:

mary

Explanation:

A rational consumer would consume up to the point that marginal benefit equal marginal cost

Mary paid $20. this means that she places a value of $20 on the meal.

Paul paid $10. this means that he places a value of $10 on the meal

The value Mary places is 20, so she places a higher value and she would consume the most

Peter enters free and thus there is no marginal cost attached to this decision. He should consume the least

As a general construction contractor, WDF INC. contracted to renovate schools in New York City. WDF subcontracted with JLG Architectural Products, LLC to supply windows for the renovation. Under the subcontract, a company called East Coast Window Installers Inc. was designated to install the windows for the project. The subcontract provided that JLG Architectural Products and East Coast Window Installers would perform and complete the subcontract work together. The subcontract also specifically acknowledged that JLG Architectural Products proposed the work in partnership with East Coat Window Installers. After completion of the project, a dispute over payment and the quality of workmanship arose between the parties. WDT claimed that JLG Architectural Products and East Coast Window Installers should be jointly and severally liable for any liability found against either party, because the two were partners in the window installation project. Was WDF correct

Answers

Answer:

WDF Inc. is correct.  From the fact that JLG Architectural Products and East Coast Window Installers Inc. were partners in the window installation subcontract, they should be jointly and severally held liable for any liability arising from the window installation project unless they have contrary agreements clearly differentiating their liabilities in the partnership.

Explanation:

WDF Inc. = main contractor

JLG Architectural Products = subcontractor and partner to East Coast

East Coast Window Installers Inc. = subcontractor and partner to JLG

JLG Architectural Products and East Coast Window Installers Inc have formed a partnership when they come together to form a business or execute a business transaction jointly.  A joint venture is a kind of partnership.

As a marketing term, __________ generally includes not only physical goods, but also services and ideas. Multiple Choice marketing invention merchandise product concept

Answers

Answer:

product

Explanation:

The product is an item that the company offer to its customer for buying the product. It is not only the goods that to be kept physically but it also consist of the services and ideas so that it become differentiate with the competitor. The product can be differentiate in terms of cost, quality, quantity, presentable form via having the innovative ideas

So, the 2nd last option is correct

Lake Incorporated purchased all of the outstanding stock of Huron Company paying $961,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 130,300 $ 124,700 Property, plant, equip. (net) 614,000 769,000 Liabilities 151,800 175,000 Lake would record goodwill of:

Answers

Answer:

$242,300

Explanation:

Goodwill = Purchase Price - Net Assets taken over at Fair Value

where,

Purchase Price = $961,000

Net Assets taken over at Fair Value = $ 124,700 + $769,000 - $175,000 = $718,700

therefore,

Goodwill = $961,000 - $718,700 = $242,300

conclusion :

Lake would record goodwill of $242,300

Brett wants to sell throw blankets for the holiday season at a local flea market. Brett purchases the throws for $15 and sells them to his customers for $35. The rental space is fixed fee of $1,500 for the season. Assume there is no leftover value for unsold units. If he orders 200 and demand is 150, what is the payoff

Answers

Answer:

$750

Explanation:

Total cost for Brett = Rental cost + Buying cost for 200 throws

Total cost for Brett = $1,500 + ($15*200)

Total cost for Brett = $1,500 + $3,000

Total cost for Brett = $4,500

Total income for Brett = Demand * Selling cost

Total income for Brett = 150 * $35

Total income for Brett  = $5,250

Payoff = Income - Cost

Payoff = $5,250 - $4,500

Payoff = $750

Net income was $503,000 in 2020, $473,000 in 2021, and $521,000 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022

Answers

Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)

= ($473,000 - $503,000) ÷ ($503,000)

= -5.96% decrease

b .For 2021 to 2022

= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)

= ($521,000 - $473,000) ÷ ($473,000)

= 10.15% increase

In this way it is calculated

Japan has been one of China's largest sources of imports, along with South Korea and the United States. Because there is still political enmity between China and Japan due to the Japanese occupation of parts of China during World War II, the best explanation for the present Japanese trade relationship with China is

Answers

Answer: c. geographical proximity

Explanation:

The Japanese and the Chinese have not been on the best of terms for centuries and this became worse in the 20th century with Japanese attacks on the Chinese and then after those ended with the second world war, Japan was and still is firmly in the U.S. camp which China does not appreciate.

This hasn't stopped Japan and China from trading however because they are so close to each other and so logistical benefits ensure that they are some of each others' biggest trading partners.

Aquamarine Corporation, a calendar year C corporation, makes the following donations to qualified charitable organizations during the current year: Adjusted Basis Fair Market Value Painting held four years as an investment, to a church, which sold it immediately $21,120 $35,200 Apple stock held two years as an investment, to United Way, which sold it immediately 55,440 123,200 Canned groceries held one month as inventory, to Catholic Meals for the Poor 7,140 11,900 Determine the amount of Aquamarine Corporation's charitable deduction for the current year. (Ignore the taxable income limitation.) Painting: The amount of the contribution is basis . Stock: The amount of the contribution is fair market value . Groceries: The amount of the contribution is basis plus 50% of the appreciation on the property . Therefore, the total charitable contribution is $fill in the blank 4 .

Answers

Answer:

$153,840

Explanation:

Calculation to determine Determine the amount of Aquamarine Corporation's charitable deduction for the current year.

Using this formula

Total charitable deduction= PAINTING: basis

+STOCK: fair market value+GROCERIES: basis + 50% appreciation on property

Let plug in the formula

Total charitable deduction = $21,120 + 123,200 + 7,140 + 0.5(11,900-7,140)

Total Charitable deduction= $21,120 + 123,200 + 7,140 + 0.5(4,760)

Total charitable deduction= $21,120 + 123,200 + 7,140 + 2,380

Total charitable deduction=$153,840

Therefore the amount of Aquamarine Corporation's charitable deduction for the current year is $153,840

Rex and Dena are married and have two children, Michelle (age seven) and Nancy (age five). During 2020, Rex earned a salary of $26,500, received interest income of $300, and filed a joint income tax return with Dena. Dena had $0 gross income. Their earned income credit for the year is: a.$5,587. b.$5,920. c.$5,650. d.$0.

Answers

Answer:

Their earned income credit for the year is:

b. $5,920.

Explanation:

Rex's earned salary =    $26,500

Interest income =                  300

Dena's gross income =             0

Total earned income = $26,800

Two children aged seven and five

Since their earned income is less than $47,440 and they have two qualifying children, their earned income credit for 2020 is determined as $5,920 from the table of 2020 Income Limits and Range of Earned Income Tax Credit (EITC).

A tax on a good Group of answer choices gives buyers an incentive to buy less of the good than they otherwise would buy. gives sellers an incentive to produce more of the good than they otherwise would produce. creates a benefit to the government, the size of which exceeds the loss in surplus to buyers and sellers. All of the above are correct.

Answers

Answer:

gives buyers an incentive to buy less of the good than they otherwise would buy

Explanation:

The tax on the product means that it provided the inventive to the buyer in the case when the buyer purchase less of the product as compared when they purchase in other way

So according to the given situation, the tax on a good fits to the first option only

Therefore only first option is correct

Hence, the other options seems incorrect

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the diameter is a circle is 16cm. Find its circumference in terms of .C= ________cm The area of the kite is 30 m2. What is the value of x? Explain At which of the following angles will the sunlight received at a location on Earth spread out over the largest area?90704010Will mark BRAINLIEST* don't answer just for points or u will be reported. thanks :) Case 12-2 Mother Goose Computing, Inc. provides computational biology consulting services. They are currently updating several of their systems. For the genomics division, Mother Goose is planning to replace the old system by the new one all at once. This is called a ____ conversion. Simplify the following expression 10s-8s+2s= will give brainlyist if quick Which of the following did not occur during the reign of Diocletian? A. Church leaders were arrested. B. Christians were crucified for burning Rome. C. Churches and Christian writings were burned. D. Christians were required to offer sacrifices. Please select the best answer from the choices provided A B C D If your bill at a restaurant is $44.33, tax is 6.5% and you want to leave a 15% tip how much $ is your total bill? Round your answer to the nearest cent. BRAINLY IF CORRECT!!!! Steve tossed a coin many times. He got 39 heads and 52 tails. What is the experimental probability that his next toss will show tails? I REALLY NEED HELP T-T Help me please I dont understand What did the thirteen colonies in North America do in 1776?A. ratified the federal ConstitutionB. announced their independence from BritainC. received military support from France Read the excerpt from The Monkey's Paw."Likely," said Herbert, with pretended horror. "Why, we're going to be rich, and famous and happy. Wish to be an emperor, father, to begin with; then you can't be henpecked."He darted round the table, pursued by the maligned Mrs. White armed with an antimacassar.What is the mood of the excerpt?A)fearfulB)irritatedC)playfulD)energetic in the rectangle below, AE=2x+8, CE=5x+4, and m Some tRNAs contain inosine, which can base pair with A, C, and U. Why might this be advantageous with regards to the genetic code Ser or Estar conjugation Which of the following fractions is not equivalent to 2? 3/6 10/5 2/1 (1 4/4) A system has both potential energy (PE) and kinetic energy (KE). According tothe law of conservation of energy, what can happen to the total energy of thesystem? Please help me I will give branliest! Find the indicated trig ratio and write your answer as a simplified fraction. Image attached How has car changed human history and development?