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Yakvenalex [24]
10 months ago
10

the burden of a tax falls entirely on sellers if group of answer choices the price elasticity of demand is unitary elastic the p

rice elasticity of supply is zero (perfectly inelastic) the price elasticity of supply is greater than 1 the income elasticity of demand is high
Business
1 answer:
nadezda [96]10 months ago
8 0

B) If the price elasticity of demand is zero, then all of the tax burdens fall on the sellers (perfectly inelastic).

<h3><u>How does price elasticity work?</u></h3>

A measure of a product's consumption change in response to a price change is called price elasticity of demand. Price elasticity is a tool used by economists to analyze how changes in a product's price affect its supply and demand. Supply has an elasticity similar to demand, and it's called the price elasticity of supply.

The relationship between a change in supply and a change in price is referred to as price elasticity of supply. By dividing the percentage change in quantity supplied by the percentage change in price, it is determined. What products are produced at what prices depends on the interaction of the two elasticities.

Learn more about price elasticity with the help of the given link:

brainly.com/question/13565779

#SPJ4

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Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The compan
podryga [215]

Answer:

1. 600 units

2. $81,800

Explanation:

In this question we use the formula of break-even point in unit sales which is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $134 - $67

= $67

And, the other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= ($32,300 + $7,900) ÷ ($67)

= ($402,00) ÷ ($67)

= 600 units  

2. Break even point = (Fixed expenses + desired profit) ÷ (Profit volume Ratio)  

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = ($67) ÷ ($134) × 100 = 50%

The other values would remain same

Now put these values to the above formula  

So, the value would equal to  

= ($32,300 + $8,600) ÷ (50%)  

= $81,800

8 0
3 years ago
The reason that interest rate risk is greater for ____ term bonds than for ____ term bonds is that the change in rates has a gre
meriva

The reason that interest rate risk is greater for <u>long</u>-term bonds than for <u>short</u>-term bonds is that the change in rates has a greater effect on the present value of the <u>Par Value</u> than on the present value of the <u>Coupon</u>.

<h3>What is a Long-term Bond?</h3>

Long-term bonds are investments that span a maturity term of at least 10 years and up to 30 years.

They usually pay a higher interest rate than the short-term bonds which span between a year and three years.

See the link below for more about long-term bonds:

brainly.com/question/3521722

4 0
2 years ago
Canon began as a camera-making company but has since become a company that produces a wide range of office equipment in addition
UkoKoshka [18]

Answer:

Canon’s managers  believe in Diversity growth.

good luck

5 0
3 years ago
How much the top managers support a change and how capable employees are of handling a change are important considerations of.
Artemon [7]

The ability of top managers to support a change and how capable employees are of handling a change are important considerations of how ready an organization is for change

<h3>What is Management?</h3>

This refers to the act of organizing workers in order to maximize their potential and output.

Here, we can note that when we are considering the ways in which organizations are ready for change, we would look at the ability of top managers to support a change and how capable employees are of handling a change because this shows their level of readiness.


Read more about management here:
brainly.com/question/1276995

4 0
2 years ago
Coghlan Auto Supply docs not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16, 380. A
emmainna [20.7K]

Answer

Sales tax Payable = $780

Entry to record transaction is:

Dr: Cash $16,380

Cr: Sales Tax Payale $ 780

Cr: Sales $ 15,600

Explanation:

Coghlan Auto Supply sales are inclusive of tax so at first step it is necessary to segregate sales tax from the total sales of $16,380.

In order to calculate sales tax in Coghlan total sale divide the total sales figure with 1+the sales tax rate i.e (1+5%=1.05)

So the sales exclusive of  tax will be:  $ 16,380/1.05 =  $15,600

Tax can be calculated now by subtracting Net sales by gross sales i.e $16,380-$15,600 = $780.

7 0
3 years ago
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