Demand and supply in the market for cases of soda pop is given by
Qd=300−11P
and
Qs=4P.
Complete parts a through f below.
a) What are equilibrium price and quantity?
The equilibrium price is
P=$2020
and the equilibrium quantity is
Q=8080.
(Simplify your answers. Type integers or decimals.)
b) Suppose the government is concerned about too much sugar in peoples' diets and decides to tax soda pop sellers
$3
per case. What is the equation of the new supply curve? Let
Pc
be the price paid by the consumer.
Qs=Pc+
(Simplify your answers. Type integers or decimals.)
c) What is the new, after-tax equilibrium?
The after-tax equilibrium price is
$nothing
and the quantity is
nothing.
(Simplify your answers. Type integers or decimals.)
d) How much do consumers now pay and how much do sellers end up receiving?
Consumers will now pay
$nothing
and firms will receive
$nothing.
(Simplify your answers. Type integers or decimals.)
e) What is the value of producer surplus both before and after the tax was levied? HINT: Draw it.
The value of producer surplus before the tax was levied is
$nothing.
(Round to the nearest cent as needed.)
The value of producer surplus after the tax was levied is
$nothing.
(Round to the nearest cent as needed.)
f) What is the deadweight loss due to the tax? HINT: Draw it.
The deadweight loss is
$nothing.
(Round to the nearest cent as needed.)
Enter your answer in each of the answer boxes.
In: Economics
The statement of retained earnings should be prepared
before the income statement and after the balance sheet
after the income statement and before the balance sheet
after the income statement and balance sheet
before the income statement and balance sheet
In: Accounting
In: Electrical Engineering
On October 8th 2020, a CBC article was published that detailed the investment of public funds by both the governments of Canada and Ontario into Ford Motor Company to help them upgrade their Oakville plant for the production of electric vehicles. This upgrade will make the Oakville plant Ford’s largest electric vehicle factory in North America. Both governments described their investment as a “win-win” because they promote employment, technology innovation and “our transition to a low-carbon, clean-growth economy.”
a) Perhaps Ford Motor Company’s decision to accelerate their capacity to manufacture electric vehicles signals their understanding of planetary boundaries. If this were the case, and drawing on concepts from class on business and the natural world, how would electric vehicle production lessen the stress on any specific planetary boundary, and would this strategic shift reflect an adaptation strategy, a mitigation strategy, or both? Explain.
In: Accounting
|
April |
May |
June |
|
|
Kshs |
Kshs |
Kshs |
|
|
Salaries |
45,000 |
45,000 |
54,000 |
|
Travelling |
9,000 |
9,000 |
12,000 |
|
Office Expenses |
15,000 |
15,000 |
18,000 |
|
Utilities |
12,000 |
12,000 |
12,000 |
|
Depreciation |
7,500 |
7,500 |
7,500 |
|
Drawings |
30,000 |
16,000 |
16,000 |
Required
A cash budget for the three months April, May, and June 2020
In: Accounting
The market demand curve is given by
p = 100 - Q
Two firms, A and B, are competing in the Cournot fashion. Both firms have the constant marginal cost of 70. Suppose firm A receives a new innovation which reduces its marginal cost to c. Find the cutoff value of c which makes this innovation "drastic".
In: Economics
Labor relations is becoming more diverse around the world because _________________________ play a much greater role in establishing employment conditions, most especially employee benefits outside the U.S.
|
Government regulations |
||
|
Collective bargaining agreements |
||
|
Human resource management decisions |
||
|
Union policies and benefits |
In: Operations Management
What role does management play in contract negotiation for collective bargaining and how can management affect labor relations among employees?
What are some consequences associated with unfair labor practices and what are some ways that an organization can avoid unfair labor practices?
In: Operations Management
How Does Digital Transformation Happen?
The Mastercard Case
Taking on Cash
“One of the biggest things we did was to redefine our competition. Once we got [that] right, then the vision of the company became very clear.”
Ajay Banga, CEO, Mastercard1
Although news headlines warn established companies that they must “disrupt or be disrupted”, the meaning of digital transformation continues to elude most business leaders. Does it mean becoming a social network like Facebook, an information platform like Google, a booking exchange like Uber, or a messaging service like WeChat? What examples exist of successful digital transformations, and what do firms do to make it happen?......................................
In: Operations Management
In 2019, Special Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2014. Special Corporation is contemplating a gift of land to a qualified charity in either 2019 or 2020. Special Corporation purchased the land as an investment five years ago for $100,000 (current year value is $250,000). Before considering any charitable deduction, Special Corporation projects taxable income of $1 million for 2019 and $1.2 million for 2020. Should Special Corporation make the gift of land to charity in 2019 or 2020? Provide detailed calculations and support for your answer.
In: Accounting