When this market is in equilibrium, price is $ $6 and quantity bought and sold is 300 units. In equilibrium, consumer surplus is equal to $ and producer surplus is equal to $ . Assume government has imposed a price ceiling that requires sellers to charge a price of $4 (no higher). Given the new price, the quantity demanded is and the quantity supplied is , but the quantity bought and sold in this market will be . Using the price of $4 and the quantity bought and sold, consumer surplus is equal to $ , producer surplus is equal to $ , and deadweight loss is $ .

Answer: hello your question is incomplete attached below is the missing information

Answer :

$900

$600

Given the new price of $4 by Government

quantity demanded = 400 units

quantity supplied = 150 units

quantity bought and sold = 150 units

Explanation:

Consumer surplus ( area below demand curve and above $300  

= Area of triangle = 0.5 * base * height

= 0.5 * 300 ( 12 - 6 )  = $900

producer surplus ( area above supply curve and below $300

=  Area of the triangle = 0.5 * 300 ( 6-2 ) = $600

Given the new price of $4 by Government

quantity demanded = 400 units

quantity supplied = 150 units

quantity bought and sold = 150 units

Consumer surplus ( area of triangle + area of rectangle )

= 0.5 * 150 * ( 12-9 )+ L*B

= 0.5 * 150 * ( 3 ) + 150 * ( 9 - 4 )  = $975

producer surplus ( Area of triangle )

= 0.5 * 150 * (4-2) = $150

deadweight loss ( area of triangle )

= 0.5 * ( 300 - 150 ) ( 9-4 )

= $375

Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the price of a muffin is $1, people buy 55 cupcakes. When the price of a muffin is raised to $2, cupcake purchases go up to 65 cupcakes. The cross-price elasticity of demand is: Select one: a. 0.50. b. 4.00. c. 0.25. d. 0.67. e.

You decide to purchase a new refrigerator. You have the choice of an Energy Star refrigerator for $2,000 or a standard unit for $1,800. The Energy Star unit costs 10 cents per hour less to run. If you buy the Energy Star unit and run it for 10 hours per day for a year, how long will it take you to recover the $200 extra cost

Preparing Adjusting Entries, Financial Statements, and Closing Entries

Fischer Card Shop is a small retail shop. Fischer’s balance sheet at year-end 2014 is as follows. The

following information details transactions and adjustments that occurred during 2015.

1. Sales total $145,850 in 2015; all sales were cash sales.

2. Inventory purchases total $76,200 in 2015; at December 31, 2015, inventory totals $14,500.

Assume all purchases were made on account.

3. Accounts payable totals $4,100 at December 31, 2015.

4. Annual store rent of $24,000 was paid on March 1, 2015, covering the next 12 months. The

balance in prepaid rent at December 31, 2014, was the balance remaining from the advance

rent payment in 2014.

5. Wages are paid every other week on Friday; during 2015, Fischer paid $12,500 cash for wag-

es. At December 31, 2015, Fischer owed employees unpaid and unrecorded wages of $350.

6. Depreciation on equipment totals $1,700 in 2015.

FISCHER CARD SHOP

Balance Sheet

December 31, 2014

Cash ........................ $ 8,500

Inventories ................... 12,000

Prepaid rent .................. 3,800

Total current assets ............ 24,300

Equipment ................... $7,500

Less accumulated depreciation ... 3,000

Equipment, net ................ 4,500

Total assets................... $28,800

Accounts payable..................... $ 5,200

Wages payable....................... 100

Total current liabilities.................. 5,300

Total equity (includes retained earnings) ... 23,500

Total liabilities and equity ............... $28,800

a. Prepare any necessary transaction entries for 2015 and adjusting entries at December 31,

2015, using the ?nancial statement effects template.

b. Prepare any necessary transaction entries for 2015 and adjusting entries at December 31,

2015, in journal entry form.

c. Set up T-accounts, enter the balances above, and post the transactions and adjusting entries to

them.

d. Prepare its income statement for 2015, and its balance sheet at December 31, 2015.

e. Prepare entries to close its temporary accounts in journal entry form and post the closing entries to the T-accounts

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Reducing our energy and GHG in manufacturing
Educating employees to reuse water and improve processes
Reducing the impact of our operations
Addressing child labor in the cocoa supply chain
Reducing packaging material
Eliminating 50 million pounds of packaging material
Buying certified commodities
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A sample of 240 observations is selected from a normal population standard deviation of 24​

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Required:
What would be the amount of the annual rental payments Sage Hill demands of Thiensville, assuming each payment will be made at the end of each year and Sage Hill wishes to earn a rate of return on the lease of 6%?

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Step 1: Determine what the current account balance equals
Step 2: Determine what the current account balance should equal.
Step 3: Record the December 31 adjusting entry to get from step 1 to step 2.
Skipped Assume no other adjusting entries are made during the year eBook
a. The Supplies account has a $360 debit balance to start the year. No supplies were purchased during the current year. A December 31 physical count shows $140 of supplies remaining.
Hint Supplies
Step 1: Determine what the current account balance equals.
Print Step 2: Determine what the current account balance should equal.
eferences Step 3: Record the December 31, adjusting entry to get from step 1 to step 2
b. The Supplies account has an $950 debit balance to start the year. Supplies of $2,400 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $725 of supplies remaining. Supplies
Step 1: Determine what the current account balance equals
Step 2: Determine what the current account balance should equal.
Step 3 Record the December 31, adjusting entry to get from step 1 to step 2

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Wilton sells softball equipment. On November 14, t
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