Answer:
The correct answer is option D.
Explanation:
The demand elasticity is -1.4.
The supply elasticity is 1.2.
Since the demand is elastic, the imposition of tax will not be profitable for the government.
The imposition of tax will increase the price of the good, this will decrease the demand for good, thus the revenue will decrease.
The tax incidence on consumers
= E (supply) / (E (demand)) + E (supply)
= 
= 
= -6
Answer:
0.4
Explanation:
This problem has been solved using the method of integration.
We are required to solve for the probability that it takes Robby between 29 and 39 minutes to go grocery shopping
= X~U(20,45)
= 1/45-20
= 1/25
Then we get computation for p[29<x<39]
When we take the integrals with x = 1/25
We get
Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4
Answer:
The correct answer is c) reach a settlement that benefits all parties.
Explanation:
Taking into account the nature of the relationship (long-term), an adequate treatment is exclusively required to achieve broad levels of negotiation. When this process is carried out under a harmonious environment, it is more feasible that part and part objectives can be achieved, which allows negotiations to be carried out in the future for the benefit of both people. A negotiation requires time and studies, for which some claims that harm the establishment of a common good must be lowered.
Answer: See explanation
Explanation:
In a pizza industry, the cost of the factory is a (fixed cost) only in the short run but not in the long run.
(Average fixed cost) is always falling as the quantity of output increases.
A cost that depends on the quantity produced is a (variable cost).
The term (opportunity cost) refers to all the things you must give up for taking some action.
The term (explicit cost) refers to costs that involve direct monetary payment by the firm.
(Average variable cost) is falling when marginal cost is below it and rising when marginal cost is above it.
Answer:
8,000 square foot
Explanation:
Total space available 20,000 square foot.
60 percent to be used. space left?
If 60% is will be used, only 40% will be availble for construction.
40% of 20,000= 40/100x 20,000
=0.4 x 20,000
=8,000 square foot
