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1 year ago

A(n) _____________ assists in decision-making by considering the product/service, market, industry, and financial data.

1 answer:

8 0

A <u>study</u> assists in decision-making by considering the product/service, market, industry, and financial data.

Financial usually refers to money matters or transactions of some size or significance: a financial wizard. financial is used particularly in connection with government funds, or the ones of any employer: the end of the economic year. financial relates specifically to money as such: an economic system or standard. Finance is defined as providing money or credit for something. An example of finance is a bank loaning someone money to buy a residence.

Financial data consists of pieces or sets of facts related to the financial health of a business. The pieces of data are used by internal control to analyze commercial enterprise overall performance and decide whether tactics and strategies must be altered.

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2 years ago

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Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the.

zimovet [89]

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the the larger is the deadweight loss of the tax.

<h3>What Is a deadweight loss of taxation? </h3>

The measurement of loss brought on by the introduction of a new tax is referred to as the deadweight loss of taxation. This is the outcome of a new tax that is higher than what is typically paid to the taxing body of the government. A tax's impact on consumer surplus is known as "deadweight loss."

The amount of money the government makes when a tax is imposed on a good is exactly equal to the surplus that the tax causes to be lost by consumers and producers. A deadweight loss occurs when supply and demand are out of balance, leading to market inefficiencies. Deadweight losses are generally caused by an inefficient resource allocation that is brought about by a variety of interventions, including price floors, ceilings, monopolies, and taxes.

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The complete question is:

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:

a. the smaller is the response of quantity supplied to the tax.

b. the larger is the tax burden on sellers relative to the tax burden on buyers.

c. the larger is the deadweight loss of the tax.

d. All of the above are correct

8 0

1 year ago

The shape of the AVC curve arises because of _______. A. constant returns B. increasing returns initially and eventually dimini

sergiy2304 [10]

Answer:

B. increasing returns initially and eventually diminishing returns.

Explanation:

Average variable cost initially, is high and tends to reduce with increasing number of units and on the long run then it ultimately tends to decrease.

Initially the returns are high on per unit, after that the company's return per unit decreases and the cost per unit in terms of variable cost also increases.

Average variable cost is less in the curve in the short middle term, then it tends to rise, as because variable cost starts increasing.

The company shall wisely choose to stop the production when the variable cost is increasing with a higher percentage than the decreasing revenue.

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3 years ago

When a competitive market comes under the control of a monopoly, the quantity and price change from:

Katena32 [7]

Answer:

Quantity from E to D.

Price from B to A

Explanation:

Firms maximise their profit by supplying at the point where marginal revenue equals marginal cost.

In a Perfect competition, the Demand curve is also the Average revenue as well as the Marginal Revenue curve. As such, the company will sell where the marginal cost curve intersects with the Demand curve which was at point E. The price will therefore be at point B.

When the firm comes under a monopoly, it will start to supply as a monopoly does. In the Monopoly, the Marginal revenue curve is less than the demand curve and so the point where the MC curve intersects with the MR curve is the quantity they will supply at. That point is D. The price will be where this quantity intersects the demand curve which is at point A

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3 years ago