Recently Asked Questions

Other Creditors-Withholding Taxes

What Are Other Creditors-Withholding Taxes? Other creditors-withholding taxes are taxes collected by creditors from debtors in order to pay the government. This can include taxes such as sales taxes, income taxes, and even...

Different types of climate zones

Answer: Climate Zones Climate zones are large areas of the world that have similar climates. The climate of a region is determined by a variety of factors, including latitude, altitude, and proximity to...

Input Tax – Deferred Tax

Answer: Input Tax – Deferred Tax Input Tax is the taxes charged on the purchase of goods and services, while Deferred Tax is the tax liability that is recognized in the balance sheet...

Suppose 20 households in a community have the demand function Q = 2 – 0.001P each for streetlights while 5 other households have the demand function Q = 3 – 0.002P each for streetlights. Here, Q refers to the number of streetlights to erect near their home while P is the unit price of each streetlight. The cost of building each streetlight is GHS 45. a) Assuming each household is making its separate purchase decision, find the market demand function for streetlights for all 25 households b) Assuming each household is making its separate purchase decision, find the equilibrium price and number of streetlights in the community c) Assuming a community association has decided to coordinate this streetlight purchase decision problem. The community leader uses the demand functions to determine how much each household is willing to contribute (willingness to pay) towards the first, second, third, etc streetlight. The first light is purchased only when the sum of individual households’ contributions is at least equal to the marginal cost of streetlights. Find out how many streetlights are purchased for this community in equilibrium.

Answer: Market Demand Function for Streetlights The market demand function for streetlights in a community of 25 households can be determined by adding the demand functions of the two different groups of households....

Suppose 20 households in a community have the demand function Q = 2 – 0.001P each for streetlights while 5 other households have the demand function Q = 3 – 0.002P each for streetlights. Here, Q refers to the number of streetlights to erect near their home while P is the unit price of each streetlight. The cost of building each streetlight is GHS 45. a) Assuming each household is making its separate purchase decision, find the market demand function for streetlights for all 25 households b) Assuming each household is making its separate purchase decision, find the equilibrium price and number of streetlights in the community c) Assuming a community association has decided to coordinate this streetlight purchase decision problem. The community leader uses the demand functions to determine how much each household is willing to contribute (willingness to pay) towards the first, second, third, etc streetlight. The first light is purchased only when the sum of individual households’ contributions is at least equal to the marginal cost of streetlights. Find out how many streetlights are purchased for this community in equilibrium. Explain your answers in details

Answer: Market Demand Function of Streetlights in a Community The market demand for streetlights in a community with 25 households can be calculated by adding the demand functions of the 20 households and...

Suppose 20 households in a community have the demand function Q = 2 – 0.001P each for streetlights while 5 other households have the demand function Q = 3 – 0.002P each for streetlights. Here, Q refers to the number of streetlights to erect near their home while P is the unit price of each streetlight. The cost of building each streetlight is GHS 45. a) Assuming each household is making its separate purchase decision, find the market demand function for streetlights for all 25 households b) Assuming each household is making its separate purchase decision, find the equilibrium price and number of streetlights in the community c) Assuming a community association has decided to coordinate this streetlight purchase decision problem. The community leader uses the demand functions to determine how much each household is willing to contribute (willingness to pay) towards the first, second, third, etc streetlight. The first light is purchased only when the sum of individual households’ contributions is at least equal to the marginal cost of streetlights. Find out how many streetlights are purchased for this community in equilibrium.

Answer: Market Demand Function for Streetlights for 25 Households The market demand function for streetlights for 25 households can be found by summing the demand functions for the 20 households with the demand...

Suppose 20 households in a community have the demand function Q = 2 – 0.001P each for streetlights while 5 other households have the demand function Q = 3 – 0.002P each for streetlights. Here, Q refers to the number of streetlights to erect near their home while P is the unit price of each streetlight. The cost of building each streetlight is GHS 45. a) Assuming each household is making its separate purchase decision, find the market demand function for streetlights for all 25 households b) Assuming each household is making its separate purchase decision, find the equilibrium price and number of streetlights in the community c) Assuming a community association has decided to coordinate this streetlight purchase decision problem. The community leader uses the demand functions to determine how much each household is willing to contribute (willingness to pay) towards the first, second, third, etc streetlight. The first light is purchased only when the sum of individual households’ contributions is at least equal to the marginal cost of streetlights. Find out how many streetlights are purchased for this community in equilibrium.

Answer: Q&A – Streetlight Demand Function in Community Summary This Q&A provides an answer to how many streetlights will be purchased in a community when 20 households have the demand function Q =...

Here, we consider the effect of a drop in consumer confidence on private saving and investment in the context of the IS–LM framework, in which investment depends on the interest rate and output but the central bank moves interest rates to keep output constantt. a) Suppose households attempt to save more, so that consumer confidence falls. In an IS–LM diagram where the central bank moves interest rates to keep output constant, show the effect of the fall in consumer confidence on the equilibrium in the economy. b) How will the fall in consumer confidence affect consumption, investment and private saving? Will the attempt to save more necessarily lead to more saving? Will this attempt necessarily lead to less saving

Answer: Effect of Drop in Consumer Confidence on Private Saving and Investment The IS-LM framework is a macroeconomic model that considers the effect of interest rates and output on investment. When consumer confidence...

how the culture of consumption started?

Answer: Overview of the Culture of Consumption The culture of consumption is a term that is used to describe the growing consumerism that began in the late 19th century in the United States...

An economy is currently in a recession caused by a shift in aggregate demand, given time, the economy can adjust itself back to potential output (in the long run) as the expected price level a. rises, shifting aggregate demand curve to the right. b. rises, shifting aggregate demand curve to the left. c. falls, shifting aggregate demand curve to the right. d. falls, shifting short-run aggregate supply curve to the right. e. falls, shifting short run aggregate supply curve to the left.

Answer: What Factors Impact Aggregate Demand and Supply During a Recession? Recessions happen when there is a sudden shift in aggregate demand, resulting in a fall in production and a decrease in the...

Dead phone and pc logo

Dead Phone and PC Logo A dead phone and PC logo is a type of logo that is used to signify a dead or inactive device or system. When a device or system...

Read the sentence and determine the meaning of the word using context clues and your prior knowledge. Then, explain what clues in the sentence helped you determine the meaning. I wanted to just finish setting the table, but my mother scrupulously arranged each napkin, dish and utensil until they were in perfect alignment.

Answer: The word ‘scrupulously’ in this sentence means very carefully and with a high attention to detail. This is indicated by the phrase ‘until they were in perfect alignment’, which implies that a...

Which of the following sentences contains a comma splice? A) I went to the store, but I forgot to buy milk. B) Sarah loves to read books, and she enjoys writing stories. C) The cat climbed up the tree, it was afraid of the dog. D) John and Mary went to the park, and they played on the swings.

Answer: Which of the Following Sentences Contains a Comma Splice? A comma splice is the combination of two independent clauses with a comma in between, without an appropriate conjunction, such as “and” or...

Két tökéletesen versenyző vállalat, egy akkumulátorgyár és egy strand, egymástól nem messze működnek egy folyó partján. Az akkumulátorgyár költségfüggvénye TCA=5·A2+120·A. Az akkumulátorok ára 1120 Ft darabonként. A strand költségfüggvénye TCS=2·S2+10·S+80·A. A strandbelépő ára 410 Ft alkalmanként. Ekkor… 1 kérdésVálasszon ki egyet: a. a strand tevékenységének pozitív externális hatása van az akkumulátorgyár működésére. b. a strand tevékenységének negatív externális hatása van az akkumulátorgyár működésére. c. a strand tevékenységére negatív externális hatása van az akkumulátorgyár működésének. d. a strand tevékenységére pozitív externális hatása van az akkumulátorgyár működésén

Answer: a. The Strand Has a Positive External Effect on the Battery Factory’s Operation Externalities occur when the activities of one firm affect the performance of another firm. In this case, the strand...

Each of 1,000 identical firms in the competitive peanut butter industry has a short-run marginal cost curve given by SMC = 4 + Q. If the demand curve for this industry is P=10–2Q1000 , what will be the short-run loss in producer and consumer surplus if an outbreak of aflatoxin suddenly makes it impossible to produce any peanut butter? (Round your answers to the nearest whole number.) Producer Surplus: Numeric Response 1.Edit Unavailable. not attempted, incorrect. Consumer surplus: Numeric Response 2.Edit Unavailable. not attempted, incorrect. Explanation

What is the Short-Run Loss in Producer and Consumer Surplus for the Peanut Butter Industry? The short-run loss in producer and consumer surplus for the peanut butter industry will be the difference between...

Each of 1,000 identical firms in the competitive peanut butter industry has a short-run marginal cost curve given by SMC = 4 + Q. If the demand curve for this industry is P=10–2Q1000 , what will be the short-run loss in producer and consumer surplus if an outbreak of aflatoxin suddenly makes it impossible to produce any peanut butter? (Round your answers to the nearest whole number.) Producer Surplus: Numeric Response 1.Edit Unavailable. not attempted, incorrect. Consumer surplus: Numeric Response 2.Edit Unavailable. not attempted, incorrect. Explanation SR supply = ΣMCi MCi = 4 + Qi Qi = MCi − 4 = P − 4 ΣQi = Q = 1,000 − 4,000 Which means that industry supply is given by P = 4 + Q/1,000. SR equilibrium Q: 4 + Q/1,000 = 10 − 2Q/1,000 3Q/1,000 = 6, Q = 2,000, P = 6. Consumer surplus = area of upper triangle = (10 − 6) × 2,000/2 = 4,000 Producer surplus = area of lower triangle = (6 − 4) × 2,000/2 = 2,000 Total loss in surplus = 6,000

Answer To Question: The outbreak of aflatoxin that makes it impossible to produce any peanut butter in this competitive industry will cause a total loss of 6,000 in producer and consumer surplus. The...

Suppose an economy for which mpc = 0.75 and an original French tourist’s expenditure in this economy was $ 250. Calculate first three steps of the multiplication: Further suppose that the marginal rate of income taxation is 0.2. How much will the GDP of the given destination’s country change in total?

Answer The GDP of the destination country will change by $187.50 in total. This is calculated by first multiplying the French tourist’s expenditure of $250 by the marginal propensity to consume (MPC) of...

Why measuring the economic benefits is so difficult?

Why Measuring the Economic Benefits is Difficult The economic benefits of certain activities and projects can be difficult to measure due to a variety of factors. These factors include the complexities of the...

Why mpc + mps is always equal to one?

Answer: The Cobb-Douglas Production Function and the MPC + MPS Equation The Cobb-Douglas Production Function defines the relationship between capital and labor in the production of a given output. It states that the...