PROBLEM 1: The demand curve for a particular good is given by its marginal private benefit function.
Let MPB = 24 - 2q, where q is the quantity demanded. Let the marginal private cost
function be MPC = q. Suppose that marginal social benefit is always double the marginal
private benefit
1. Graph the functions, and mark out the (i) the market equilibrium, (ii) the efficient
equilibrium.
2. Algebraically determine the market level of output and the optimal level of
output.
3. What is the welfare loss at the market equilibrium compared to the efficient
equilibrium? Show your answer on the graph and calculate it numerically.
4. What tax level would achieve the optimal level of output? What will be the
corresponding tax revenue? Show the optimal tax level and tax revenue on the
graph, and also calculate these numbers using algebra.

On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.

What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?