All categories

1 year ago

What is the amount of government revenue after the government imposes the excise tax on the market?

1 answer:

6 0

In a market where the demand curve is totally inelastic, if the government imposes an excise tax, the tax burden will entirely rest on the consumer and the deadweight loss will be equal to zero.

Information on excise tax

An excise tax is a controlled tax on certain goods or services, such as alcohol, cigarettes, and gasoline. Corporations are the main payers of excise taxes. Many of them are supported by commercial entities, who then charge consumers extra as a result.

Excise taxes are national taxes applied within a government infrastructure, as opposed to being imposed internationally across national borders.

Here are additional details regarding excise tax:

brainly.com/question/3853375

#SPJ4

You might be interested in

Over the past year you earned a nominal rate of interest of 10% on your money. The inflation rate was 5% over the same period. T

Veronika [31]

Answer:

Explanation:

Purchasing power refers to the amount of goods and services a unit of currency can buy.

Purchasing power can be determined by finding the real interest rate.

Real interest rate = Nominal interest rate - inflation rate

10% - 5% = 5%

I hope my answer helps you

5 0

3 years ago

You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are m

alina1380 [7]

Answer:

Explanation:

The comparison of psychological benefits to actual tangible costs depends on the individual in question. If the individual is constantly stressed to the point which the stress is affecting his/her health, work performance, mood, behavior around family, etc. then the tangible costs of going on vacation may be worth it. This is because a vacation would provide a moment of relaxation which would relieve all of that individual's stress and in doing so improve the individual's work performance, health, and overall quality of life. Therefore, the comparison between physical benefits to costs is always going to be a personal opinion.

5 0

3 years ago

Marcus was offered a job as a senior manager by Super Corp. The offer, which was made over the phone, was for a three-year contr

aksik [14]

,Answer:

-Marcus is owed something by Super Corp because he relied reasonably and to his detriment on Super Corp's offer.

Explanation:

Employment contracts can be written, oral, or implied and each of these are binding to some extent.

In the given instance it is required that employment should be written in the state where Super Corp operates.

So Marcus will not be able to compel them to give him a job as the offer was made and accepted orally.

However the offer resulted in him quitting his current job, which paid $75,000 a year, and heading to the state where Super Corp was headquartered.

He relied on the offer to his detriment of losing his current job, so Super Corp owes him for the damages incurred

7 0

2 years ago

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun

Alecsey [184]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the direct material used and the manufacturing overhead:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

Manufacturing overhead:

Insurance on plant $9,500

Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

Indirect labor 42,000

Total overhead= $68,000

Now, we can determine the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

cost of goods manufactured= 232,000

Finally, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 13,000 + 232,000 - 21,000

COGS= $224,000

3 0

3 years ago

When choosing which foreign country to enter, a country will be less appealing when?

Gennadij [26K]

It is/was at war, it doesn't have the kind of financial sustenance you need.

3 0

3 years ago