I believe that the best answer among the choices provided by the question is <span>Hobbes think government control was necessary for controlling over people and creating a balanced society.</span>
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B will be the most efficient while keeping everyone happy
Answer:
Explanation:
a. Total supply of auto tires will increase because firms will produce more. In the Demand and Supply graph the supply curve will shift to the right.
b. Total supply will decrease because there are less tires offered on the market. In the Demand and Supply graph the supply curve will shift to the left.
c. Total supply will decrease because cost of production will increase, then firms will offer less quantity of tires. In the Demand and Supply graph the supply curve will shift to the left.
d. Total supply will decrease because firms will perceive less benefits of selling auto tires in the future. In the Demand and Supply graph the supply curve will shift to the left.
e. The total supply could increase if large tires producers decide to produce auto tires because it is more attractive. In the Demand and Supply graph the supply curve will shift to the right.
f. Total supply will decrease because the tax creates incentives to produce less. In the Demand and Supply graph the supply curve will shift to the left.
g. Total supply will increase because the subsidy creates incentives to produce more. In the Demand and Supply graph the supply curve will shift to the right.
Answer:
a) $37,500
Explanation:
In order to determine the depreciation for year 1 based on the units-of-production method, we apply the formula below:
Annual Depreciation=
Depreciable Value
×
Units produced during the year
/Estimated total production
Depreciable Value = Original cost – Scrap value
depreciable value=$300,000-$50,000=$250,000
Units produced during the year=6,000 hours
Estimated total production in hours=40,000 hours
first-year depreciation=$250,000*6000/40000
first-year depreciation=$ 37,500.00
The demand for this product is B. Elastic in nature.
If the price elasticity of demand is:
- Less than 1, a good is said to be inelastic.
- More than 1, good is elastic
- Equal to 1, good is unit elastic
The price elasticity of demand is calculated by the formula:
<em>= Change in quantity demanded / Change in price </em>
= 10% / 5%
= 2
Price elasticity of demand is more than 1 so we can conclude that the product is elastic.
<em>Find out more at brainly.com/question/15071410.</em>
<u>Options for this question include:</u>
A. Inelastic
B. Elastic
C. Unit elastic