Answer:
The Pandemic has made chicken more expensive, in order to offset this effect to consumers, government subsidized the price of chickens by a per-unit subsidy. If it wants to study the substitution effect of this subsidy, the government should imposed a Lump-sum tax.
False
Explanation:
The government should have imposed a lump-sum subsidy if it really wanted to study the substitution effect of the subsidy instead of imposing a lump-sum tax. This subsidy should be granted to chicken farmers to reduce their production costs, which will in turn reduce the cost of chicken to the consumers. A lump-sum tax sounds like a contradictory effort to offset the high cost of chicken on the consumers.
Answer:
Find attached trial balance as well the general ledgers prepared extracting trial balance
Explanation:
Preparation of trial balance could not be carried out straightaway , I had to first of all prepare the relevant ledgers before extracting trial balance.
Answer:
Explanation:
Depending on the choice of means of transportation to embark on the summer vacation to Colorado
Using of Aircraft
<em>Fixed Costs Variable Costs</em>
<em>Flight Ticket; Food & drinks while waiting at the </em>
<em>Fare to the Airport; Lounge;</em>
Fare from Airport to Vacation Cost of coverage (Videos and/or pics)
Location;
Lodging cost
Feeding & drinking costs
Costs of moving around Colorado; e.t.c.
Using Personal Card
Fixed Costs Variable Costs
Cost of servicing of the car <em>Food & drinks while travelling on </em>
Gasoline <em>road;</em>
Tolls
<em>There is an implicit cost of forfeiting the use of my personal car for the use of aircraft considering the cost and ease of usage.</em>
An increase in demand due to the more appealing price for consumers.