Answer:
Governments that are interested in minimizing the efficiency costs of taxation should only tax goods where demand or supply, or both, are relatively inelastic.
Explanation:
hope this helps
<u>Answer:</u> In economic duress cases the courts look of
the threats and the victim's alternatives.
<u>Explanation:</u>
Duress means where violence is used against the party to forcefully receive signatures of approval on written contract. The violence used can be unlawful threats or coercive behavior without which the person may not agree to commit to. If the pressure given is lawful it does not mean the economic duress is lawful.
Duress is an illegal act which is punishable under law. The court will check if the party had any threat. Also the court will check if the victim had any alternatives such as protesting at that time or the victim has affirmed the contract.
Answer:
The correct answer is option c.
Explanation:
The variable costs are the cost incurred on the variable factors of production. The fixed costs are the costs incurred on the fixed factors.
In the short run, there are certain factors that are fixed and others that are variable. So in the short run, some costs are fixed and others are variable.
But in the long run, there is enough time for all the factors to be changed. So all the factors are variable and cost incurred on these variables is also variable.
So we can say that in the long run, there are no fixed costs.
Answer:
$9,201.6
Explanation:
Calculation for The net present value of the proposed investment is closest to:
Using this formula
Net Present value = (Annual cost saving * PVAF) + (Salvage value * PVIF) - Cost of investment
Let plug in the formula
PVAF (10%,5 years) = 3.7908
PVIF (10%, 5 years) = 0.6209
Net Present value = ($18,000 * 3.7908) + ($8000 * 0.6209) - $64000
Net Present value = $68,234.4+$4,967.2-$64,000
Net Present value = $9,201.6
Therefore The net present value of the proposed investment is closest to:$9,201.6
What is inflation?
Monetary value of final goods and services produced within a country for a specific time period.
