Business, 20.11.2020 17:10 sierram298
Suppose that the market for a product is characterized by a downward-sloping, linear demand curve and an upward-sloping, linear supply curve.
(a) Suppose the price elasticity of supply is 0.6. Will the deadweight loss from a $2 tax per unit be smaller if the absolute value of the price elasticity of demand is 0.3 or if the absolute value of the price elasticity of demand is 1.5? Explain.
(b) If a $2 tax per unit results in a deadweight loss of $100, how large would be the deadweight loss from a $4 tax per unit? Explain.
Answers: 2
Business, 22.06.2019 02:20
Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.
Answers: 3
Business, 22.06.2019 09:30
What is the relationship among market segmentation, target markts, and consumer profiles?
Answers: 2
Business, 22.06.2019 18:00
Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?
Answers: 1
Business, 23.06.2019 00:50
Janis owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too quickly, janis sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the (menu costs/ unit of account costs/ shoesleather costs) of inflation. pick one
Answers: 3
Suppose that the market for a product is characterized by a downward-sloping, linear demand curve an...
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