How does the imposition of an excise tax on a good affect its market equilibrium?
Consider a monopoly whose total cost function is tc = 10 + 5q + 2.5q2 and whose marginal cost function is mc = 5 + 5q. the demand function for the firms good is p = 115 - 0.25q. the firm optimizes by producing the level of output that maximizes profit or minimizes loss. if the firm uses a uniform pricing strategy, then the firm will
Uniform pricing offer the same charge to all clients. Assistances of this strategy contain the comfort of administration and the client goodwill created by such a rule. The main difficulty is that an inflexible uniform pricing policy can effortlessly be matched or weaken by opponents.
But if the company will still use this kind of pricing strategy then it will produce 20 units of output, charge a price of $110, and earn a profit of $1090.
P = 115 - 0.25(20)
= 110
MC = 5 + 5q
= 5 + 5(20)
= 105
TC = 10 + 5q + 2.5q2
= 10 + 5(20) + 2.5(20)
= 160
= 160 – 105
= 55
Profit = 55 X 20
= 1200 – 110
= 1090
why do you think the government is concerned with the definition of unemployment ?
Most family heads need substantial amounts of life insurance. however, with limited income, money spent on life insurance reduces the amount of discretionary income available for other high-priority needs. what an insured person gives up when he or she purchases life insurance instead of using the premium dollars for other purposes is called the
Final answer:
The concept described is the 'opportunity cost,' which refers to what is foregone when an individual decides to purchase life insurance instead of using the funds for other priorities or investments with potentially higher returns.
Explanation:
When an insured person gives up the opportunity to use premium dollars for other purposes in order to purchase life insurance, the economic principle at play is known as the opportunity cost.
The concept of opportunity cost reflects the value of the best alternative that is foregone when a choice is made. In this context, spending money on life insurance premiums means those funds cannot be used for other high-priority needs or potential investments, which could offer higher financial returns.
Whole life insurance, while providing a lump sum payment in the event of the insured person's premature death, also functions as a form of forced savings by accumulating cash value.
However, it's important to note that the guaranteed return offered by insurance companies on whole-life policies is typically much lower than the potential return the money could earn if invested elsewhere. This is what constitutes the opportunity cost of choosing life insurance over another investment.
________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expenses.
What type of tax has the same percentage tax rate for everyone regardless of income?
Answer:
b) Proportional tax
Explanation:
Options:
Progressive tax
Proportional tax [Correct]
Regressive tax
None of the above
The same percentage of taxes is levied on everyone, regardless of income, under a proportional tax. No matter how much you make, the average tax rate will always be the same. To put it another way, the amount of taxes paid by an individual doesn't vary regardless of how much money they make.
Why does a falling inverse dependency ratio make it harder for real gdp continue growing?
The xyz clothing company wants to create and build brand awareness. it would use _____ advertising.
How many games in a world series has to be won for the championship?
500 by Manchester united from the 1800
The worksheet range ____ references the worksheets, "sheet1," "sheet2," "sheet3," and "sheet4."
Answer:
sheet 3!
Explanation:
Instructions: Select the correct answer from the drop-down menu.
Select the type of assessment that best fits the sentence.
In his career explorations class, Navid took ___________ and he discovered that he is an outgoing person and truly enjoys being around many people.
A. A personality inventory
B. A value inventory
C. An aptitude assessment
D. An interest inventory
By taking a personality inventory, Navid discovered that he's an outgoing person and truly enjoys being around many people.
What is a personality inventory?A personality inventory can be defined as a self-assessment tool (questionnaire) which is designed and developed by psychologists or career counselors, so as to reveal a respondent's behavioral patterns and personality traits.
This ultimately implies that, we can infer and logically deduce that Navid discovered he's an outgoing person and truly enjoys being around many people after taking a personality inventory.
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Candidates who earn a certain amount of money fundraising and agree to certain limitations on spending are eligible for
Which type of market consists of many buyers and sellers trading over a range of prices rather than a single market price?
Government ______________ regulations specify that inventors will maintain exclusive legal rights to their respective inventions for ______________ .
The answer in the first space provided is patent and the second space provided is limited time. Patent is being defined as authority of the government in which is being provided by the government with the investors and that this legal rights has been limited for a period of time.
Answer:
the correct answers are patent,limited time
Explanation:
(econ1101)
John doe has advanced cancer. the only treatment alternative left for him is a rare, highly experimental bone marrow transfusion with a 10% success rate. his insurance company refuses to authorize payment for the $200,000 procedure, arguing that the money could be better spent providing well-baby screening for 2,000 residents in the service area. what does this decision by the insurance company reflect?
What is the difference between classical economics and behavioral economics?
If you fail to provide proof of insurance, your drivers license and license plates will be suspended for up to ______
Failing to provide proof of insurance can result in the suspension of a driver's license and license plates for up to 90 days. The option (C) is correct.
It's important for drivers to always carry proof of insurance as it's a legal requirement in most states. Should a driver be stopped by law enforcement or be involved in a traffic accident, failure to provide this documentation can lead to a suspension of driving privileges, which includes both the driver's license and the vehicle's license plates.
During the suspension period, individuals may face difficulties in legally operating their vehicles, affecting their mobility and potentially leading to additional penalties or fines if they continue to drive without valid insurance.
This question is not complete, Here I am attaching the complete question:
If you fail to provide proof of insurance, your driver's license and license plates will be suspended for up to ______.
A) 30 days
B) 60 days
C) 90 days
D) 120 days
If the economy is in a recession, appropriate policies to pursue may include:
An economy can be in a recession due to reduced consumer spending and high-interest rates. To counteract a recession, the government can implement expansionary fiscal policies and monetary policies to stimulate growth and reduce unemployment.
An economy might be in a recession for various reasons, such as reduced consumer confidence, decreased investment spending, high interest rates, reduced real wages, or external shocks such as oil price increases. To alleviate the recession, appropriate government actions include implementing an expansionary fiscal policy, which involves lowering taxes or increasing government spending, and an expansionary monetary policy, which encompasses increasing the money supply and lowering interest rates.
These policies are designed to stimulate output and decrease unemployment, helping the economy recover. Different economic schools propose various approaches to a recession. Monetarists might emphasize controlling the money supply to regulate economic activity. In contrast, Keynesian economists would likely argue for increased government spending to boost aggregate demand. Independent of the chosen approach, the overarching goal is to make recessions less severe and promote sustainable economic growth.
If a public health campaign convinced local companies to adopt smoking prohibition policies, on which level of the social ecology model would this health behavior intervention be operating?
The level of social ecology model that the health behavior is operating is in the societal level in which this is responsible of affecting or influencing people in the economy, the social policies of which the companies is considered to be a part of.
Final answer:
A public health campaign convincing local companies to adopt smoking prohibition policies would be operating at the organizational level of the social ecology model. This level focuses on organizational influences on health behaviors, promoting healthier environments through policies and regulations.
Explanation:
When a public health campaign convinces local companies to adopt smoking prohibition policies, this health behavior intervention operates primarily at the organizational level of the social ecology model. The social ecology model incorporates several levels of influence on health behaviors, including the individual, interpersonal, organizational, community, and policy levels. The organizational level specifically focuses on regulations and policies within organizations that can impact individuals' health behaviors. By implementing smoking prohibition, companies influence the environment in which individuals work, directly affecting their health behaviors within that setting. This level is crucial for creating a supportive environment that encourages healthier behavioral choices, such as reducing or eliminating smoking among employees.
Examples of interventions at the organizational level include creating smoke-free workspaces, offering resources for smoking cessation, and promoting health education among employees. These efforts not only contribute to a healthier workplace but also signify the company's commitment to the well-being of its employees. As such, a public health campaign that results in organizations adopting smoking prohibition policies is effectively leveraging the organizational level of the social ecology model to enact change.
Americans are beginning to rely more on _________ as their source for news. ap gov
The Pew Research Center for People and the Press finds that more Americans, especially the younger population, are using online and digital sources for news, leading to a decline in the use of print, radio, and television news media. This shift promotes news consumption customization, leading to potential echo chambers due to selective exposure to media aligning with personal views.
Explanation:According to the Pew Research Center for People and the Press, Americans are beginning to rely more on online and digital sources as their source for news. From 2004 to 2012, the share of Americans who reported getting their news from digital platforms increased significantly. With the widespread ownership of smartphones and tablets, people especially younger demographics, use these devices to access news content. This shift has impacted the consumption of print news media, radio, and television news, leading to declines in their use as primary news sources.
The change in news consumption habits is paralleled by the customization and personalization of news experiences online. Homogenization in traditional news outlets contrasts with the diverse and targeted content of new media streams. Individuals can now choose media outlets that align with their particular political views or interests, potentially creating echo chambers and reducing exposure to opposing viewpoints.
What is one way to begin saving startup capital?
One way to begin saving startup capital is for the business owner to use their personal savings or apply for a loan. Another option is to seek funding from angel investors.
Explanation:One way to begin saving startup capital is for the business owner to use their savings or apply for a loan. For example, someone who wants to start a restaurant can use their own money from their bank account or borrow money, possibly using their home as collateral. Another option is to seek funding from angel investors, who are individuals with financial resources willing to invest in small new companies in exchange for ownership.
A research _______ is a general plan for implementing the research strategy.
"which method of data collection is most appropriate for a nurse researcher to use in a survey study?"
What does the circular flow model show? answers?
The circular flow model is a simplified representation of the economy. It shows the interaction between households and businesses in two main markets: the goods and services market and the factors of production market. It illustrates how income and products flow between these entities.
Explanation:The circular flow model in economics is a simplified representation of the economy. It shows that transactions in an economy can be grouped into two basic categories, namely the production of goods and services, and the use of income generated from this production. In the model, businesses and households are the main actors, with businesses producing goods and services and households providing the factors of production like labor, land, and capital.
The model illustrates how these actors interact in two main markets - the goods and services market and the factors of the production market. In the goods and services market, households purchase goods and services from businesses. In the factors of the production market, households provide the inputs (such as labor, land, and capital) that businesses require to produce goods and services. The income that households receive for providing these factors is used to buy goods and services from businesses. Hence, the income flows in a circular manner leading to the name circular flow model.
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Bagels n' pastries, inc., makes and sells a variety of bread products. bagels n' pastries's product packages must include
In general, what are some of the features of alternative financial products?
Some of the features of the alternative financial products are the following;
- The AFS was able to provide a microfinance form
- The AFS also provides services financially
- The AFS’ Services in their finance are from non-bank final institutions
20 points
In some arts, A/V technology, and communication careers, workers participate in apprenticeships. Why are apprenticeships useful?
They allow experienced workers to learn new skills.
They allow experienced workers to stay home from work.
They allow new workers to get job experience.
They allow new workers to have paid benefits.
The correct answer is C) They allow new workers to get job experience.
In some arts, A/V technology, and communication careers, workers participate in apprenticeships. Apprenticeships are useful in that they allow new workers to get job experience.
An apprenticeship is a great opportunity to gain experience in some industries. It allows students that are about to leave college to work in formal companies in order to learn how to work in their proffession and get a better chance to perform a good job when they are hired. It also helps new workers to gain more experience or improve skills in different areas, benefitting from the new knowledge acquired.
Resource prices will fall and short-run aggregate supply will increase if
Name at least one other familiar item besides money that could serve as a model for isotopes
Consumption expenditure minus imports, which varies with real gdp, is called _______.