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hoa [83]
2 years ago
14

The effect of a Pigovian tax on a market is: Group of answer choices increased price and quantity to the efficient level decreas

ed price and increased quantity to the efficient level decreased price and quantity to the efficient level increased price and reduced quantity to the efficient level
Business
1 answer:
Butoxors [25]2 years ago
4 0

<u>D) </u><u>Increased price and reduced quantity to the efficient level.</u>

<u />

<h3><u>How Do Pigovian Taxes Work?</u></h3>

Pigovian taxes, sometimes called Pigouvian taxes, are levied against private individuals or companies who engage in activities that have negative side effects on society. Costs associated with adverse side effects are those that are not accounted for in the product's market price. The selling of tobacco products puts a load on the public healthcare system and causes environmental pollution, among other side effects that have detrimental external impacts.

After English economist and early externality theorist Arthur Pigou, who made a substantial contribution, Pigovian taxes were given their name.

<u></u>

<h3><u>How Is a Pigovian Tax Calculated?</u></h3>

A Pigouvian tax is notoriously tricky to calculate correctly. The tax should, in theory, have a value that is exactly equal to the externality's net cost. As a result, for a particular level of production, the tax would be equal to the difference between the societal cost and the marginal private cost.

Learn more about the Pigouvian tax with the help of the given link:

brainly.com/question/13473766?referrer=searchResults

#SPJ4

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Communist countries usually have economies. A command economy that still allows private property and ownership is called. A comm
aalyn [17]

Answer:

1. command

2. socialism

3. communism

Explanation:

1. Communist countries usually have command economies.

2. A command economy that still allows private property and ownership is called a socialism.

3. A command economy in which the government controls everything is called communism.

8 0
3 years ago
Werner installs custom sound systems in cars. If he installs seven systems per day, his total costs are $300. If he installs eig
sergiy2304 [10]

Answer:

$100

Explanation:

Total cost if he installs seven systems = $300

Total cost if he installs eight systems = $400

Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.

Marginal cost of installing 8th system:

= Total cost of installing 8 systems - Total cost of installing 7 systems

= $400 - $300

= $100

The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.

Hence,

William will install eight systems per day only if the eight customer is willing to pay at least $100.

8 0
3 years ago
Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed in which of the following situ
oksian1 [2.3K]

Answer: A -  Throughout the course of the trading day, an investor performs several cash transactions in his account which total $12,000.

Explanation: Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed when any of the below stated transactions occur in an account.

1. If the daily aggregate cash transactions of an individual exceeds $10,000

2. if 2 different transactions within a 12 months period seems related and their aggregate exceeds $10,000 must be reported.

3. Any suspicious customers action that suggest that they are laundering money or otherwise violating federal criminal laws and committing wire transfer fraud, check fraud, or mysterious disappearances should be reported

3 0
3 years ago
The phrase "invisible hand" means that:
never [62]

Answer:

The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Explanation:

In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.  

According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.

4 0
3 years ago
Refer to Landfall Service. Because the company is known for its ability to produce lawn furniture more efficiently than any othe
e-lub [12.9K]

The company must have absolute advantage.

Having been in business for a while, Landfall Service is a provider of outdoor furniture. Greater than any other company in the country, it is renowned for its capacity to make furniture quickly. The truth is that no rival businesses exist in any other country. Many of the items offered by Landfall Service have been exported. Actually, sales outside of the United States account for 80% of company income. In order to support domestic businesses, the Italian government has slapped a tax on imported furniture. On the other hand, because the government wanted a piece of the action, the Brazilian government levied taxes on Landfall Service items.

Learn more about Absolute Advantage Here

brainly.com/question/9067127

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3 0
2 years ago
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