The demand and supply functions for pizza in the local market are: QD = 20,000 - 833P and QS = 5,000 + 417P. a. Calculate consumer and producer surplus in this market.
If the minimum wage is increased by $2 per hour, the new market supply curve becomes Q'S = 4,000 + 417P.
b. Calculate the loss in consumer and producer surplus in the pizza market due to this change.

There are more than two types of bachelors’ degrees true or false?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000