Suppose the market for widgets can be described by the following equations: - demand: p = 10 - q - supply: p = q - 4 where p is the price in dollars per unit and q is the quantity in thousands of units. then: a. what is the equilibrium price and quantity? b. suppose the government imposes a tax of $1 per unit to reduce widget consumption and raise government revenues. what will the new equilibrium quantity be? what price will the buyer pay? what amount per unit will the seller receive? c. suppose the government has a change of heart about the importance of widgets to the happiness of the american public. the tax is removed and a subsidy of $1 per unit is granted to widget producers. what will the equilibrium quantity be? what price will the buyer pay? what amount per unit (including the subsidy) will the seller receive? what will be the total cost to the government? (enter your responses rounded to two decimal places.)

Which of the following housing decisions provides a person with both housing and an investment? a. selling a share in a cooperative. b. buying a single-family home. c. renting an apartment. d. subletting a condominium. 2b2t

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.