Consider the property tax model. Assume that housing supply curve is upward sloping. Draw the following two diagrams.
1) a diagram showing equilibrium before the property tax on housing. Indicate equilibrium price, quantity, consumer surplus, and producer surplus on the diagram.
2) a diagram showing how equilibrium changes due to the property tax on housing. Specifically, mark the original equilibrium before tax, the new equilibrium after tax, tax burdens borne by developer and households, consumer surplus, producer surplus, government tax revenue, and deadweight loss due to the tax.

Suppose that the world price for a good is 50, and the domestic demand and supply curves are given by the following equations:

D^X: P^D=100-4Q^D S^X: P^S=10+6Q^S

1. How much is consumed? How much is produced domestically? What are the values of producer and consumer surplus?
2. If a 5% import tariff is imposed, by how much do consumption and domestic production change? What is the change in consumer and producer surplus? How much revenue does the government earn from the tariff?
3. What is the net national cost of the tariff? Show your results through a graphical representation.

1. Differentiate barometric price leadership and dominant price leadership.

2. Is there a similarity between cartel pricing and monopoly pricing?

3. What conditions are favorable to the formation and maintenance of a cartel?

4. Can government be a potent force in the establishment and maintenance of monopolistic conditions? Name and describe such occurrences.

5. Describe the properties of the Baumol revenue maximization model. Do you consider this to be a good alternative to the profit maximization model?

6. Telephone companies charge different rates for calls during the day, in the evening, and at night or weekends. Do you consider this to be price discrimination?

Can Recycling be a viable economic development tool in the USA? Are there organizations (either from the private or public sector) that are successfully using recycling as a source of revenue? Are they profitable? How is the China scrap ban affecting these organizations? What other countries are there with high recycling rates and what can we learn from their practices? And finally, what do you think we could be doing differently/better in our region to improve our own recycling rate and waste management practices? As a business person, what do you plan to implement in your workplace?

Each response should be about one paragraph long, describing the justification for your decision.

On October 1st, a customer orders a Roomba 980 robotic vacuum from iRobot. The product has a 14 day trial period, which begins on the date of delivery. If the customer does not want the product at the end of the trial period, he must return the product in its original packaging, in good condition, within 21 days of the delivery date, to receive a full refund. The Roomba 980 is delivered on October 5th. Are the revenue recognition criteria met or not met? Why or why not?

1. What is branding for? Give an example to clarify your answer and explain.

   What’s private brand? What’s the purpose(s) of private brand.

2. Explain the primary difference between a wholesaler and sales agent. Who has more active

roles in finding customers and customers’ wants?

3. Let’s say, after 15% increase in selling price, a burger shop found 5% drop in number of sales of burger. Is the demand for burger sensitive to changes in price this case? What do you recommend to keep or increase sales revenue?

The following transactions apply to Jova Company for Year 1, the first year of operation: Issued $10,000 of common stock for cash. Recognized $210,000 of service revenue earned on account. Collected $162,000 from accounts receivable. Paid operating expenses of $125,000. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 1 percent of sales on account. Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Year 1.

Presented Below is Information related to Matrix Company at December 31,2018 the end of its first year of operations:

Account Balance

Question 1: What is income from continuing operations?

Question 2: What is the difference between continuing operations and net income?

QUESTIONS POSTED BELOW, BASED ON THIS CASE STUDY:

"Case Studies for Part III The Four Zones of Social Media: Case Study 5—Native Advertising: Novel or Deceptive?

Jennifer Zarzosa, Henderson State University and Sarah Fischbach, California Lutheran University Lisa attentively pays attention to the posts her network of friends and family have posted today on Facebook. After all, this is the best way of getting her news and connecting with what’s going on in the world. In fact, Lisa usually only gets her news from Facebook and Twitter anyways. She always makes sure to stay connected with her favorite brands and publishers. Lisa loves when she gets live updates—it makes her feel like an insider. Today’s feed features the usual content: cute dog videos, funny memes, happy birthday wishes, inspirational quotes, vacation pictures, and how-to-cook videos. As Lisa scrolls down her Facebook feed, she watches a cute dog video (of course), shares the funny meme, comments “Happy b-day!” and loves the inspirational quote. Then, Lisa comes across a suggested post by The Gap. Lisa notices her friends Amanda and Marc both like The Gap. The post features the top five fashion trends for the summer. The post has many likes, loves, wows, and even angry faces as well as comments and shares. Eager for more information, she clicks the “learn more” button. Lisa loves the styles she sees on the landing page and adds a pair of denim jeans and a bright yellow crop top to her cart and checks out shortly. Online advertising has come a long way since the early days when banners, pop-ups, and pop-unders were the prominent form of online advertising. Critics argue banner ads cause wear-out and banner blindness while pop-ups and pop-under ads are usually blocked. Critics claim this type of online advertising is intrusive and therefore ineffective. Consumers have become mobile first, decreasing the use of desktops, which makes desktop online advertising formats obsolete. In response, advertisers have developed new ways to engage with consumers and facilitate interaction. Native advertising blends organic and commercial content seamlessly in order to break through the clutter. According to the Federal Trade Commission, native advertising—sometimes called sponsored content—is the practice of blending advertisements with news, entertainment, and other content in digital media. It refers to advertisements that more closely resemble the content in which they are embedded. Native advertising represents more than a third of its advertising revenue for many publishers. Advocates of native advertising maintain consumers have been conditioned to ignore traditional online advertising. Therefore, advertisers can use native ads to better engage the reader by mixing commercial content with organic content creatively. Social media in-feed ads have distinct benefits over traditional online advertising. Many times in-feed ads have engagement markers (e.g. comments, likes, loves), blend well with organic content, and are endorsed by those in one’s network through online word-of-mouth; all of which increase the likelihood of engagement. As a result, publishers also benefit by receiving more advertising revenue. Social media in-feed ads such as Facebook-sponsored posts and Twitter-promoted tweets comprise about 39% of native advertising. Additionally, publishers such as Forbes, The New Yorker, Fast Company, and The Atlantic use advertorials or branded content, another form of native advertising. Critics of native advertising contend consumers cannot identify native advertising as advertising clearly. While social media in-feed ads are effective, in that they blend well with organic content, it is unclear whether consumers can recognize the in-feed ad as an advertisement with commercial intent. Therefore, native advertising could be a form of deceptive advertising. Is the in-feed ad novel or deceptive? The FTC recommends clear and prominent advertising disclosures using visual cues such as shading and borders, and text labels that are explicit, large, and visible to avoid deceptive advertising. Despite this, there is no consensus on disclosure language and visual cues to signal native advertising for publishers. Consequently, publishers use different disclosure language varying in ambiguity—sponsored, suggested, promoted, branded content, and presented. When consumers are unable to recognize native ads, opponents of native advertising claim it violates trust between the reader and the publisher. Historically, there has been a divide between editorial and advertising content. The line is now blurred."

1. How would you classify social media in-feed ads?

2. How are social media in feed ads different from display ads and organic social ads

3. Why is lisa more likely to click on the call to action for a social media in feed ad than a display ad

4. Do you think lisa noticed the facebook suggested post by the gap was a native ad? why? if she did, do you think she thought it was deceptive?

5. Based on your own experiences with native advertising, how do you believe native advertising should be regulated?

6. Imagine you are creating disclosure language standards. Describe how you would create the disclosure language standards in terms of visual cues and text labels