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3 years ago

By how many packs of cigarettes does quantity demanded decrease due to the excise tax on cigarettes?

Business

1 answer:

andrezito [222]3 years ago

3 0

Answer:

Explanation:

The government taxes packs of cigarettes both to discourage smoking and to raise tax revenue. The average excise tax on a pack of cigarettes is $2.50 per pack. The table below presents the annual demand and supply schedules, in billions of packs, both before and after the tax on packs of cigarettes.

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A purely competitive industry has a very ______ number of sellers, whereas the other three market structures reflect a progressi

andrezito [222]

A purely competitive industry has a very large number of sellers, whereas the other three market structures reflect a progressively smaller or decreasing number of sellers.

What are three examples of a market that is only competitive?

Agrarian goods like corn, wheat, and soybeans are excellent examples of a market that is purely competitive. Monopolistic competition is similar to pure competition in that it has few barriers to entry and many suppliers.

What exactly is a product whose market is only competitive?

The characteristics of a market with pure competition the products that are sold are identical. Every seller is the same. It is simple for new businesses to enter the market. Products are priced according to what customers are willing to pay.

Learn more about market structures here:

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7 0

1 year ago

Most real-world choices aren't about getting all of one thing or another, instead, most choices involve _________________, which

34kurt

Answer:

marginal analysis

Explanation:

it is believed that the rational man makes marginal analysis.

for example, a rational man would continue consumption up to the point that the marginal utility of the last bottle consumed equal marginal price.

If marginal utility falls below price, consumption should stop.

If marginal utility is above price, consumption should continue

4 0

3 years ago

The Baldwin company will sell 100 units (x1000) of capacity from their Buddy product line. Each unit of capacity is worth $6 plu

stiv31 [10]

Answer:

Amount received = $2,210,000

Explanation:

given data

sell = 100 units (x 1000)

capacity = $6 + $4 per automation rating

sell capacity = 35%

to find out

how much they receive when the capacity is sold

solution

we consider here Automation rating is 7.0

we get here first Cost per unit that is here as

Cost per unit = 6 + 4 × 7

Cost per unit = 34

and capacity worth will be here as

capacity worth = Cost per unit × sell units

capacity worth = 34 × 100000

capacity worth = 3,400,000

so that here Amount received will be as

Amount received = capacity worth × ( 1 - sell capacity )

Amount received = 3400000 × ( 1 - 35% )

Amount received = $2,210,000

6 0

3 years ago

Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodity is Spam. a. In 2015, a can of

Y_Kistochka [10]

Answer:

the exchange rate between two different currency is 6 pesos per dollar

Explanation:

The computation of the exchange rate between two different currency is

= Unit cost of spam in Wiknam ÷ unit cost of spam in Ectenia

= 24 pesos ÷ 4 dollars

= 6 pesos per dollar

hence, the exchange rate between two different currency is 6 pesos per dollar

We simply applied the above formula so that the currency rate could come

And, the same is to be applied

5 0

3 years ago

What are new guidelines issued by GAAP for consolidating entities

Brut [27]

Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares

6 0

3 years ago