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1 year ago

(g) The government imposes a per-unit tax on the production of knowledgium. Which of the seven cost curve(s) would be affected

1 answer:

7 0

If the government should impose the per unit tax, the parts that would be affected are the average variable cost and the average cost

This is the tax that is imposed per unit or on each unit of a good that has being sold or a service that has been rendered.

This is the type of tax that would affect the average variable cost and the average cost.

This type of tax is one that is proportional to the unit of the good sold. This is in terms of the quantity sold and not the price that was used to sell the good.

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The accounting profit is equal to

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Is the monetary costs a firm pays out and the revenue a firm receives. It is the bookkeeping profit<span>, and it is higher than economic </span>profit<span>. </span>Accounting profit<span> = total monetary revenue- total costs.</span>

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2 years ago

Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in m

umka2103 [35]

Answer:

since there is not enough room here, I prepared the comparative balance sheets on an excel spreadsheet.

Explanation:

WINDSOR, INC.

May 31 2017 2016

($ in millions)

Assets

Current Assets $9,520 $8,720

Property, plant, and equipment (net) $2,010 $1,870

Other assets $1,550 $1,610

Total assets $13,080 $12,200

Liabilities and Stockholders' Equity

Current Liabilities $3,210 $3,320

Long-term liabilities 1,210 1,290

Stockholders' equity 8,660 7,590

Total liabilities and stockholders' equity $13,080 $12,200

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2 years ago

Foreign companies that are listed on the New York Stock Exchange (NYSE) and following their domestic GAAP must report their inco

Arlecino [84]

The generally accepted accounting principles of the United States

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2 years ago

Why would a small business conduct less marketing research than a larger, established firm?

labwork [276]

The reason is <span>Marketing research is expensive.
</span>The established firm usually has a large amount of capital at its disposal, so they could do market research in order to strengthen their position.
Small business on the other hand, usually struggle to even barely continuing their operation for the next month.

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2 years ago

Read 2 more answers

If an economy is producing at a point on its production possibilities frontier, it is: a.efficient in production and allocation.

irinina [24]

Answer:

d.efficient in production but not necessarily in allocation.

Explanation:

The production possibility curve portrays the cost of society's choice between two different goods. An economy that operates at the frontier has the highest standard of living it can achieve, as it is producing as much as it can using the same resources. If the amount produced is inside the curve, then all of the resources are not being used.

- all points on the curve are points of maximum productive efficiency

- However, an economy may achieve productive efficiency without necessarily being allocatively efficient. Market failure (such as imperfect competition or externalities) and some institutions of social decision-making (such as government and tradition) may lead to the wrong combination of goods being produced (hence the wrong mix of resources being allocated between producing the two goods) compared to what consumers would prefer, given what is feasible on the PPF.

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2 years ago