if marco is a seller of shirts and he sells a shirt for 48 dollars , which results in him having a producer surplus from the sale equal to $8 , what is his cost of production? a. 48 b. 32 c.8 d. 40
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if marco is a seller of shirts and he sells a shirt for 48 dollars , which results in him having a
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- The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets. IX C B Factor price (S) HD98265 11 10 0 $210: $1 $6; 52 This factor market is in equilibrium at point B. In equilibrium, the 30th unit of the factor is being paid transfer earnings of and economic rent of $16, $2 $120:-$2 D $7:51 10 20 30 40 50 60 Quantity of factorThe supply and demand curves of a product are shown in Figure 6.13. Approximate the difference in the total gains from trade if the price is artificially increased from the equilibrium price of p = 95 to p*= 110. p(Sunit) 200 180 888888888 160 140 120 100 50 100 150 200 Figure 6.13 O(a) $137.50 Ⓒ (b) $3,250 O (c) $4,675 (quantity)Joseph migrated to Canada from Ghana 5 years ago. He currentlyworks in sales but is considering quitting work for two years to earn an MBA degree. His current job pays $40,000 per year (after taxes), but he could earn $55,000 per year (after taxes) if he had an MBA. Tuition is $10,000 per year, and the cost of an apartment near campus is equal to the $10,000 he is currently paying. His discount rate is 6 percent per year. He just turned 48 and plans to retire when he turns 60, whether or not he earns his MBA degree. Based on this information, should he go for an MBA degree? Explain carefully with appropriate calculations. Using time value of money to solve.
- Calculate the value of NDPFC If :- Compensation of employees = $600 million Operating surplus = $300 million Mixed income = $250 millionSuppose you return to college and earn an MBA, after which you get a middle-management position with General Mills, the firm that makes Lucky Charms and other breakfast cereals. If the tax rates are the same as in 2018 and your starting salary is $90,000, how much will General Mills pay on your behalf in federal social insurance taxes?Alexa Walsh sells for Supreme Designs , a manufacturer of women's clothing . Alexa is paid a straight commission of 2.4%. If her sales volume last month was #233,760 , what was her total gross pay ? Answer
- a) What is the producer surplus at P=12 (b) What is the producer surplus at P=20 © What is the producer surplus at P=22 (d) What is the producer surplus at P=25Approximately how much consumer surplus does Wikipedia generate per person in the United States each year? Multiple Choice $17,000 $260 $576 $15032.23 Millie Bush has written a best-seller. Revenues net of production costs are $3007¹/34¹/3 where T is the number of publicity trips Millie takes and A is the number of ads for the book that appear. Millie has to pay for all of her own publicity trips, which cost $100 each. Her publisher pays for the advertising, which costs $100 per ad. Revenues from the book are split equally between Millie and her publisher. Let T1 be the number of trips that Millie would choose to make in a Nash equilibrium where she chooses the number of trips and the publisher chooses the amount of advertising. Let T2 be the number of trips that Millie should make if trips and advertising are determined so as to maximize total profits net of trip and ad costs. (a) T1 = 1 and 72 = 1. (b) T1 = 1 and 72 = 2. (c) T1 = 2 amd T2 = 1. (d) T1 = 1 and T2 = 1/8. (e) T1 1/8 and T2 = 1.
- PQ5.2 Case: The Burden of a Tax is shared by Producers & Consumers. Questions: (a) Under what conditions will Consumers pay most of the Tax? (b) Under what conditions will Producers pay most of the Tax? (c) What determines the Share of a Subsidy that benefits Consumers?lll ll 0 + |0:02 Question 5: In 2019 the UK government increased the tax paid on flights out of the UK (specifically Heathrow airport) to approximately $300 per ticket. This tax is collected from airline companies who use Heathrow Airport for their operations. Source: Graham, Matt (2018). See link: https://www.australianfrequentflyer.com.au/australian- departure-tax/ Consider the market for airline travel. The initial market equilibrium is at 10 million tickets sold per year at an average price of $500 each. Then, the UK government imposes a tax on the market, collected from sellers (the airline companies). The tax is $300 per ticket. Show the effect of this on the market for airline travel. Show the effect on consumers of airline travel, on the airlines and or the government. Does the UK economy gain or lose as a resul of the tax? Explain why. Use a diagram to support your answer.1 Francesca buys pencils and erasers at 10$ and 9$ per amount. Francesca has an income of 90$. There is a 20% ad valorem tax. a)If Francesca’s utility is U(P, E) = P^(1/3)E^(2) find the ordinary demand without tax imposition. b) If Francesca’s utility is U(P, E) = P^(1/3)E^(2), Please find the ordinary demand with 20% ad valorem tax .
