The market for plywood is characterized by the following demand and supply equations: QD = 800 – 10P and QS = 50P – 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood. What is the size of the deadweight loss if the government imposes a price ceiling of $25 per she

Answers

Answer 1

Answer:

$3,750

Explanation:

at $25 per sheet of plywood:

total demand = 800 - (10 x 25) = 800 - 250 = 550

total supply = (50 x 25) - 1,000 = 1,250 - 1,000 = 250

the equilibrium price is:

800 - 10P₁ = 50P₁ - 1,000

1,800 = 60P₁

P₁ = 1,800 / 60 = 30

the equilibrium quantity (Q₁) is:

Q₁ = 800 - (10 x 30) = 800 - 300 = 500

at 250 units, the price should be:

250 = 800 - 10P₂

10P₂ = 550

P₂ = $55

total deadweight loss = 0.5 x  (P₂ - P₁)  x (Q₂ - Q₁) = 0.5 x  ($55 - $25)  x (250 - 500) = 0.5 x $30 x -250 = -$3,750


Related Questions

2-3 personal experience of exploitation as a consumer

Answers

Answer:

Explanation:

Exploitation often involves a denial of an individual's right (in this case a consumer's right).

Consumers are often exploited in this three areas:

Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.

High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.

False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.

n the accounting system of Apogee Company, the quantities counted by the receiving department and entered at a terminal are transmitted to the computer, which immediately transmits the amounts back to the terminal for display on the terminal screen. This display enables the operator to

Answers

Answer:

verify that the amount was entered accurately and correctly.

Explanation:

In the accounting system of Apogee Company, the quantities counted by the receiving department and entered at a terminal are transmitted to the computer, which immediately transmits the amounts back to the terminal for display on the terminal screen. This display enables the operator to verify that the amount was entered accurately. In order to avoid any error in the amount entered by accountants, cashiers or operators, it is a standard practice to look at the terminal screen to verify the amount entered is accurate and correct.

You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this part in-house. You have two equipment options for moving production in-house: special-purpose equipment and general-purpose equipment. Cost information for these two options is as follows:


Alternative fixed cost Variable cost
Special_Purpose equipment 200,000 per yr 15 per unit
General-Purpose Equipment 50,000 per yr 20 per unit
What is the break even quantity between the two options?
a) 40,000 units per year
b) 60,000 units per year
c) 30,000 units per year
d) 50,000 units per year

Answers

Answer:

b )60,000 units per year an is aynul yang

Flash City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. With a 75−cent price​ increase, demand is expected to fall by​ 7,000 units. Current Projected Demand 78,000 units 71,000 units Selling price $8.50 $9.25 Incremental cost per unit $5.80 $5.80 Would you recommend the 75−cent price​ increase?

Answers

Answer:

Flash City Inc is a company manufacturing small flash drives

Current Situation:

Demand = 78,000 Units

Selling price per unit = $8.50

Cost per unit = $5.80

Operating Profit = 78,000 * ($8.50 – $5.80)

Operating Profit = 78,000 * $2.70

Operating Profit = $210,600

Projected Situation:

Demand = 71,000 Units

Selling price per unit = $9.25

Cost per unit = $5.80

Expected Operating Profit = 71,000 * (9.25 – 5.80)

Expected Operating Profit = 71,000 * 3.45

Expected Operating Profit = $244,950

Recommendation: If the selling price price per unit is increase by 0.75 cent, the Operating Profit to realize on manufacturing of the small flash drive will increase by $34,350 ($244,950  - $210,600) although such increment may have an effect of decrease in demand of the Flash drive in market due to increase in price.

Answer:

The $0.75 price increase will result in higher profits.

Explanation:

                                     Current Demand       Projected Demand

Units sold                        78,000 units               71,000 units

Selling price                        $8.50                          $9.25

Cost per unit                       $5.80                          $5.80

Contribution margin           $2.70                          $3.45

Gross profit                      $210,600                   $244,950

The price increase will result in gross profit increasing by $34,350. The decrease in the quantity demanded is offset by a larger increase in the contribution margin per unit.

While your hands are on home row, your left hand rests lightly on _____. z x c v j k l ; q w e r a s d f

Answers

it will rest lightly on the pinky finger on the right hand

Answer:

While your hands are on home row, your left hand rests lightly on A S D F AND The Space Bar

Explanation:

Please Mark as BRAINLIEST

The absolute value of the price elasticity of demand for gasoline in the long run has been estimated to be 1.5. If an extended war in the Middle East caused the price of oil (from which gasoline is made) to increase and remain high for a decade, how would that affect total expenditures on gasoline in the long run, all other things equal? (Hint: Consider the change in gasoline prices.)

Answers

Answer:

The demand for gasoline is elastic

As a result of the extended war which raises the price of oil, the price of gasoline would rise as a result. the rise in price would lead to a greater change in the quantity demanded. In the long run, consumers would have enough time to search for suitable substitutes so total expenditures on gasoline would fall more in the long run

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

What is a stap you can take toward committing to a career path?
A Take some career assessments
B. Check for positions in your area
, )
Keep your options Open
O D. Find out how popularitis

Answers

Answer:

B. Check for positions in your area

Explanation:

i think though!! im not sure

Emergency Operations Centers are part of the standard, national framework for incident management. This is described in A. the Command and Coordination component of the National Incident Management System (NIMS). B. the Resource Management component of the National Incident Management System (NIMS). C. the Operational Period Planning Cycle and Incident Action Plan for each individual incident. D. the Communications and Information Management component of the National Incident Management System (NIMS).

Answers

Answer:

Correct Answer:

C. the Operational Period, Planning Cycle, and Incident Action Plan for each individual incident.

Explanation:

Emergency Operations Centers are centers in National Incident Management in charge of incident management that is applicable at all  jurisdictional levels and across functional disciplines.

When Henry first began his real estate career, he focused on residential properties. As he gained more experience, he found that he really enjoyed helping business owners find warehouses for their products, or properties where they could conduct manufacturing activities. Of the primary categories of real estate, what types of properties does Henry handle

Answers

Answer:

I think it is wharehosues

Explanation:

wharehosues

Which of the following statements is CORRECT? a. The specific risk premium used in the CAPM is the same as the risk premium used in the bond-yield-plus-risk-premium approach. b. Beta measures market risk, which is, theoretically, the most relevant risk measure for a publicly-owned firm that seeks to maximize its intrinsic value. This is true even if not all of the firm's stockholders are well diversified. c. An advantage shared by both the DCF and CAPM methods when they are used to estimate the cost of equity is that they are both "objective" as opposed to "subjective," hence little or no judgment is required. d. The discounted cash flow method of estimating the cost of equity cannot be used unless the growth rate, g, is expected to be constant forever. e. If the calculated beta underestimates the firm's true investment risk—i.e., if the forward-looking beta that investors think exists exceeds the historical beta—then the CAPM method based on the historical beta will produce an estimate of rs and thus WACC that is too high.

Answers

Answer:

Correct Answer:

b. Beta measures market risk, which is, theoretically, the most relevant risk measure for a publicly-owned firm that seeks to maximize its intrinsic value. This is true even if not all of the firm's stockholders are well diversified.

Explanation:

In the Options given above, the only one that is TRUE is Option B which is about a Beta measures market risk found in a publicly-owned firm.

Entries for Stock Dividends
Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sheet: Common stock (3,000,000 shares authorized; 2,200,000 shares issued), $15 par, $33,000,000; Paid-in capital in excess of par—common stock, $9,000,000; and Retained earnings, $89,550,000. The board of directors declared a 5% stock dividend when the market price of the stock was $18 a share. Healthy Life reported no income or loss for the current year.
For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown.
a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.
Stock Dividends
Stock Dividends Distributable
Paid-In Capital in Excess of Par-Common Stock
Feedback
Recall that a stock dividend affects only stockholders' equity.
Learning Objective 3.
a2. Journalize the entry to record the issuance of the stock certificates.
Stock Dividends Distributable
Common Stock
Feedback
What is the company giving to the stockholders?
Learning Objective 3.
b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.
Total paid-in capital $
Total retained earnings $
Total stockholders' equity $
c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.
Total paid-in capital $
Total retained earnings $
Total stockholders' equity $

Answers

Answer and Explanation:

a.1 The Journal entry is shown below:-

Stock dividend Dr, $1,980,000 (2,200,000 × $18 × 5%)

        To Stock dividend distributable $1,650,000 (2,200,000 × $15 × 5%)

        To paid in capital in excess of par-common stock

$330,000 (2,200,000 × ($18 - $15) × 5%)

(Being stock dividend is recorded)

2. Stock dividend distributable Dr, $1,650,000

                To common stock $1,650,000

(Being stock dividend is recorded)

b. The computation of amounts before the stock total paid in capital, total retained earnings, and total stockholders' equity is shown below:-

Total paid in capital is

= $33,000,000 + $9,000,000

= $42,000,000

Total retained earning = $89,550,000

Total stockholder equity is

= $42,000,000 + $89,550,000

= $1,31,550,000

c. The computation of amount after the stock dividend total paid-in capital, total retained earnings, and total stockholders' equity is shown below:-

Total paid in capital  is

= $42,000,000 + $1,980,000

= $43,980,000

Total retained earning is

= $89,550,000 - $1,980,000

= $87,570,000

Total stockholder equity is

= $43,980,000 + $87,570,000

= $131,550,000

Pete noticed a pattern at the annual budgeting session of his company. Mid-level managers were asking for unrealistically high budgets while top management was attempting to limit budgets under last year's actual expenditures. Management used ________ strategies.

Answers

Answer:

Tactical behavior.

Explanation:

In this scenario, Pete noticed a pattern at the annual budgeting session of his company. Mid-level managers were asking for unrealistically high budgets while top management was attempting to limit budgets under last year's actual expenditures. Hence, we can safely conclude that the management used tactical behavior strategies.

Tactical behavior strategy can be defined as the process of using tactics or maneuvers to achieve the best outcome which is aimed beyond an immediate action to problems.

Maroji is a major exporter of dairy products. Mipon is a major exporter of heavy machinery but also has a sizeable domestic dairy industry. Since it imports a sizeable amount of heavy machinery from Mipon, Maroji, at the request of Mipon, limited the amount of dairy products it exports to Mipon each year. This is an example of

Answers

Answer:

voluntary export restraint

Explanation:

Based on the scenario being described, this is an example of a voluntary export restraint or VER for short. This term refers to a trade restriction on the quantity of a specific good that the exporting country is allowed to export to other countries and is usually a self-imposed limit. Such restrictions are usually implemented in order to seek protection from competing imports from particular countries and prevent trade barriers.

When it is time for Margaret to provide performance appraisals, she organizes her subordinates in a list from best employee to worst employee. Which method does Margaret most likely use

Answers

Answer:

Ranking method

Explanation:

Ranking method for performance appraisal is the oldest, and it involves the use of rankings in evaluating the performance of employees. Employees are usually organized depending on their worth; they are ranked in different categories from the highest performance to the lowest performance or from the best employee to the worst employee. This type of method compares between employees.

If the expected dividend growth rate is zero, then the cost of external equity capital raised by issuing new common stock (re) is equal to the cost of equity capital from retaining earnings (rs) divided by one minus the percentage flotation cost required to sell the new stock, (1 - F). If the expected growth rate is not zero, then the cost of external equity must be found using a different formula.
a) true
b) false

Answers

Answer:

a) true

Explanation:

[P₀ x (1 - F)] = [Div₀ x (1 + g)] / (Re - g)

if g = 0

[P₀ x (1 - F)] = Div₀ / Re

cost of internal equity ⇒ {Rie x [P₀ x (1 - F)]} / Div₀, but F = 0, so (Rie x P₀) / Div₀

cost of external equity ⇒   {Ree x [P₀ x (1 - F)]} / Div₀

we must equal them:

(Rie x P₀) / Div₀ = {Ree x [P₀ x (1 - F)]} / Div₀   ⇒   Div₀s are cancelled out

Rie x P₀ = {Ree x [P₀ x (1 - F)]}    ⇒   P₀s are cancelled out

Rie = Ree x (1 - F)

Ree = Rie (1 - F)

cost of external equity = cost of internal equity / (1 - F)

Which of these could be an option after high school for a person who wants to further his education but doesn't want to take out student loans?

Answers

Hi there,

I can not find the complete question to  help choose an option. I wil list out a variety of answers and you would be able to choose any that suits your question.

Answer/Explanation:

As an high school leaver that wants to further his education but that doesn't want to take student loans to do it, there are a variety of option such high school leaver can choose from.

1. work and study: this simply means that the high school leaver can decide to work alongside college or university as use the money from the job to settle university bills.

2. Scholarships: Am high school leaver can try scholarship opportunities tourther his education. A scholarship can be said to be a philanthropic act by a body or individual to reward or help individuals with tuition and other things as stated in the terms and conditions.

3. Setup a funding site: an high school leaver can set up a funding site in which donations can be made to fund the higher education.

Cheers.

logical fallacy Well, what form of government do you want, a government by liberal do-gooders ready to spend your hard-earned dollars or a government led by business minds that understand how to live within a tight budget and generate jobs that put people to work. Group of answer choices

Answers

Answer:

i don´t nou sorry

Explanation:

Assume Costner Corporation, a U.S.-based MNC, invests 2,500,000 Zambian kwacha (ZMK) for a one-year period at a nominal interest rate of 9%. At the time the loan is extended, the spot rate of the kwacha is $.00060. If the spot rate of the kwacha in one year is $.00056, the dollar amount initially invested in Zambia is $____, and $____ are paid out after one year.

Answers

Answer:

$1500 ; $1526

Explanation:

Given the following :

Invested amount = ZMK 2,500,000

Period = 1 year

Nominal Interst rate = 9%

Spot rate of ZMK in one year = $0.00056

Spot rate at time of loan extension = $0.00060

Therefore,

Dollar amount initially invested equals;

Invested amount * spot rate at time of loan extension

2,500,000 * $0.00060 = $1500

Dollar amount paid after one year:

Invested amount * nominal interest rate * one year spot rate

(2,500,000 * (1+9%) * 0.00056)

(2,500,000 * 1.09 * 0.00056)

= $1526

All the following statements concerning requirements to reinstate a lapsed life insurance policy are correct EXCEPT: Group of answer choices The lapse must have resulted from other than the surrender of the policy for its cash value. There is no time limit on when the policy may be reinstated. Evidence of insurability is required. All overdue premiums must be paid along with interest from the premium due dates.

Answers

Answer:

Correct Answer:

b. There is no time limit on when the policy may be reinstated.

Explanation:

In life insurance, which is an insurance against event in the life of the individual in question, it is expected that, the person will be paying his premium fee regularly.

In a situation, there was a lapses, in-order to reinstate the life insurance policy, it must be reinstated within 1 year in-order to be valid.

1What do businesses use to determine how a region uses its resources?

They use economics.
They use demographics.
They use topography,
They use a census.

Answers

Answer:

They use economics.

Explanation:

What are the typical fees banks charge?

Answers

Explanation:

- Overdraft Charge. ...

- Returned Deposit Charge. ...

- Hard Copy Statement Fee. ...

- ATM Fees. ...

- Foreign Transaction Charge. ...

- Lost Card Fee. ...

- Inactivity Fee. ...

- Account Closing Fee. Some banks require you to open your account for a certain amount of time before closing it.

All the following requirements must be satisfied before premiums are waived under a waiver-of-premium provision EXCEPT: Group of answer choices The insured must satisfy the definition of disability in the policy. The insured must furnish proof of disability to the insurer. The insured must satisfy a 2-year waiting period. The insured must be disabled before some predetermined age, such as age 60 or 65.

Answers

Answer:

The insured must satisfy a 2-year waiting period.

Explanation:

A premium rider waiver refers to a condition of an insurance policy that relinquishes premium fees if the insurer is severely ill, severely injured, or in the case of disability and cannot pay premiums. Other provisions may exist, such as meeting particular criteria regarding age and health. Most premium riders waiver includes a waiting period during which no demand for compensation can be made. If the policyholder is injured or harmed during this period, he or she can seek a complete refund of the paid premiums. However, the compulsion of the two-year waiting period is off the table.

The manager of a bank branch is concerned about the number of mistakes the tellers were making, so he started manipulating different aspects of the environment in the bank to see what effect each has on the tellers' performance. He examined factors such as the lighting, temperature, and the volume of the music playing in the bank. Which approach to problem recognition is this manager using

Answers

Answer: Human factor research

Explanation:

From the question, we are informed that a manager of a bank branch is concerned about the number of mistakes the tellers were making, so he started manipulating different aspects of the environment in the bank to see what effect each has on the tellers' performance.

We are further told that he examined factors such as the lighting, temperature, and the volume of the music playing in the bank.

He's using the human factor research approach. Here, the capabilities of human beings are determined through strength, vision, flexibility etc.

Your text outlines nine key components of the e-commerce process architecture that are the foundation of the e-commerce initiatives of many companies today. The component that deals with establishing mutual trust and secure access between the parties in an e-commerce transaction by authenticating users, authorizing access and enforcing security features is:

Answers

Answer: Profiling & personalizing

Explanation:

Profiling could be described as the information that builds trust about you to your clients. What your clients know you for and that you're accountable unto. It could be seen as your structure when seen from the external view.

Personalising deals with how well you treat the clients in your circle, how you respond to their claims and what your customer services entails; if it's satisfactory or not up to the required.

) If the multiplier is 4, then a decrease in investment spending of $200 causes a(n) in real GDP of $

Answers

Answer:

its b

Explanation:

Answer:

the answer is B

Explanation:

Causal research describes the marketing phenomena under study. B. Causal research is informal and unstructured. C. Causal research isolates the relationship between an independent variable and a dependent variable. D. Causal research answers the questions of who, what, when, where and how. E. Causal research is the seventh step in the marketing research process.

Answers

Answer:

Option B (Causal research is informal and unstructured) is the correct choice.

Explanation:

As when the process has gained, causal research has been undertaken to diagnose the source surrounding a person's action. It wants to find this same relationship among variables as to conjecture. It attempts to evaluate whether the explanatory variables shift throughout the exponential function, with variants.It could also be used in such a corporate setting to measure the impact that a transition to some of its present activities would have to aid in the corporate planning phase for its potential production rates.

Some other three choices have no relation to the given incident. Such that the stated option is B.

Which of the following applies most generally to supply in the long run? Group of answer choices All original producers will leave the market. Producers are only able to make change in their variable factors of production. Average total cost must decline. Producers are able to make change in all their factors of production.

Answers

Answer:

Producers are able to make change in all their factors of production.

Explanation:

The long run is a period when all factors of production are variable bot fixed and variable factors of production.

In the long run, firms that are earning losses would exit the industry.

A developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area. The owners of the older, lesser-valued houses in the neighborhood may find that the values of their homes are affected by what principle

Answers

Answer:

Progression

Explanation:

Progression in real estate occurs when the property in a given area improves in value as a result of more expensive property bring built in the area.

This is one major way real estate appreciates in value. Some property owners wait for others to develop the area and naturally their own property appreciates in value.

In this scenario the developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area.

When Ira purchased 500 shares of prefeHallie owns 20% of the common stock of the Bean Brothers Coffee Company. The company announced plans to offer an additional 10,000 shares of common stock for sale. If Hallie exercises her preemptive rights, Bean Brothers must offer her the opportunity to purchase stock in the Fairlawn Corporation, his certificate indicated the stock had a par value of $50 per share. This means that Ira:________.

Answers

Complete Question:

Hallie owns 20% of the common stock of the Bean Brothers Coffee Company. The company announced plans to offer an additional 10,000 shares of common stock for sale. If Hallie exercises her preemptive rights, Bean Brothers must offer her the opportunity to purchase?

Answer:

2,000 shares

Explanation:

The preemptive rights is the equal opportunity to each shareholder to purchase a proportionate of new shares issuing at the stock exchange to retain its ownership or control position.

Halie has purchased 20% of the company's shares then, if the company is going to issue 10,000 shares of common then 20% of it will be preemptive rights given to Halie as she owns 20%. This means 2,000 share which is 20% of new share offerings would be preemptive rights.

You are a policy analyst in the Department of Energy. You were just offered a job with a renewable energy company. How long must you wait before you can lobby the Department of Energy on behalf of your new employer?

Answers

Answer:

2 years

Explanation:

In case when you offered a job from a renewable energy company and you are currently working as a policy analyst in the energy department so you have to wait for 2 years prior for lobbing the department of energy on new employer behalf

Hence, the time period is for 2 years and the same is to be considered for the given situation.

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Help please!!! Thank you Whats the tone of this poem and example of it? Qu caractersticas crees que deben tener los mtodos anticonceptivos para ser eficaces en el control de la natalidad? The party of the nobility were the A United Nations report shows the mean family income for Mexican migrants to the United States is $26,500 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 24 Mexican family units reveals a mean to be $30,150 with a sample standard deviation of $10,560. State the null hypothesis and the alternate hypothesis. In at least 150 words, compare and contrast the modernist themes portrayed in "The Love Song of J. Alfred Prufrock"and "Grass."100 POINTS PLEASE HELP!! Question 9 of 10Which of the following best explains the purpose of a demand schedule?A. To demonstrate how supply affects demand.B. To indicate how supply and demand relate to price.1C. To calculate how much of a good consymers will use.D. To show the level of demand at various prices.SUBMIT how does Fadis identity affect his perspective of his first day of school? IN Shooting Kabul by NH Senzai The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called __________ analysis. Lourdes hadn't bothered to study for the essay exam, joking that her motto was "fake it til you make it." Now as she stared in horror at the test booklet, the blank pages were doing the laughing, knowing she had no answers. What kind of figurative language is used? Chemistry is often called the __________ science because it involves the study of the materials in the universe and the changes these materials undergo Evaluate the expression when x=6 and y=-3.-x+7y 250708596Christina earned 70 on the test. Describe how the scores of Christina'sclassmates compared to Christina's score.A. about 1/4 scored higher, about 3/4 scored lowerB. about 314 scored higher, about 1/2 scored lowerC. about 3/4 scored higher, about 1/4 scored lowerD. about 1/2 scored higher, about 1/2 scored lowerReset Selection Simplify 13 x - 4[ x + (3 - x )].A.9x-1B.8x-12C.13x-12 Edward has four pearls two white and two black which he can distribute as he chooses between two identical bags. He must then choose a bag at random and pick one pearl at random from the bag he chose. If Edward distributes the pearls so as to maximize his chances of picking a black pearl, what is the probability that Edward will pick a black pearl? Portugal was a major power during the Age of Exploration. -True -False Write at least 1 higher level question for the book Kindred Explain what happens to the sound waves when a singer hits the high pitched notes during the National Anthem. Be sure to use the terms amplitude and frequency in your answer. How to make my answer for 0.70 a fraction A blue print for a house has a scale of 1:10. A wall in the blueprint is 8in. What is the length of the actual wall?6.67. inches 80 feet969 feet6.67 feet