subject
Business, 07.09.2021 03:10 valvaldeziv6373

he government, instead of a tax or subsidy, imposes a price support (minimum price) of $6. The way this is implemented is via a deficiency payment. This means the government will guarantee producers a price of $6 and the producers choose their output accordingly. They then sell that output to consumers at whatever price consumers are willing to pay for that total output (not $6!!!). The government pays producers the difference between the $6 dollars and the price consumers are willing to pay for all units produced. This payment is called the deficiency payment. What is the quantity supplied, the price that clears the market and the deficiency payment

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 13:10, KillerSteamcar
A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?
Answers: 2
image
Business, 22.06.2019 16:50, kaywendel2008
Atrough in the business cycle occurs when
Answers: 1
image
Business, 22.06.2019 18:50, jordendoctorwho
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
image
Business, 22.06.2019 19:10, lizzlegnz999
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
Answers: 2
You know the right answer?
he government, instead of a tax or subsidy, imposes a price support (minimum price) of $6. The way t...

Questions in other subjects:

Konu
SAT, 28.01.2021 19:40
Konu
Mathematics, 28.01.2021 19:40