The Number of Seats in a Football Stadium Is Fixed

question 102

Multiple Choice

The number of seats in a football stadium is fixed at 70,000.The city decides to impose a tax of $10 per ticket.In response,the team management raises the ticket price from $30 to $40 and still sells all 70,000 tickets.The tax caused a change in the consumer surplus of _____,a change in the producer surplus of _____,and a deadweight loss of _____.

• A)-$10;$0;$10
• B)-$700,000;$0;$700,000
• C)-$10;$0;$0
• D)-$700,000;$0;$0

Understand the proper administration methods for nasal medications.

Recognize the correct positioning for administering various types of medications.

Demonstrate knowledge of the use and operation of a metered-dose inhaler.

Identify the labeling specific to eye medications.

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Definitions:

Certified Public Accountant

A professional accountant who has passed the required examination and met all other state and educational licensing requirements to be certified by the state.

Liabilities

Financial obligations or debts that a business or individual owes to others, which need to be settled over time.

Marketable Securities

Financial instruments that can be easily converted into cash, typically with high liquidity and short maturity periods.

Owners' Equity

The total assets of a business minus its total liabilities, representing the ownership interest of shareholders.