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mr Goodwill [35]
3 years ago
13

The government imposes a $2.50 per-unit tax on the production of good x. as a result the

Business
1 answer:
Anarel [89]3 years ago
3 0
<span>Two events will occur. First, the quantity supplied of the good will decrease as there is less revenue to spend on the overall creation of good "x". Second, there will be a rise in the price of good "x" when it is sold to the consumer as a way of offsetting these taxes and other costs.</span>
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The mars company's new topeka, kansas, manufacturing plant is the first new facility the company has opened in north america in
Lerok [7]

It is a physical resource. A physical resource includes raw materials, buildings, facilities, machinery, energy, and supplies. Since the item in question is a manufacturing plan, it is a building/facility and therefor is a physical resource. This is a resource that is physically theirs and used for manufacturing their goods.

8 0
3 years ago
Read 2 more answers
Allocative efficiency occurs:
jonny [76]

Answer:

a. Anywhere inside or on the production possibilities frontier.

Explanation:

In an economy, the allocative efficiency may be defined as the economic state where the production of various goods or services is aligned with the preferences with the consumers.  

The allocative efficiency always materializes at the intersection of the supply curves and the demand curves.

On the \text{equilibrium point,} the price for a supply \text{exactly matches} with the demand for the product \text{for that supply} at that price, and thus all the products are sold.

It occurs anywhere on the production possibilities frontier or on the inside of the frontier.

Therefore, the correct option is (a).

5 0
2 years ago
Jun. 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $24,000 to these gr
zubka84 [21]

Answer:

June 15

Dr. Account Receivable $24,000

Cr. Service Revenue      $24,000

At the time of Receipt in July

Dr. Cash                          $24,000

Cr. Account Receivable $24,000

Explanation:

As the Services are performed on June 15, and Great Venture has a right to received the payment against the services provided. So, the revenue is recognized and The payment for the services has not been made yet. This result in the creation of account receivable, That is expected to receive in July.

In July the payment is received. The cash account will be debited as the cash is received and on the other hand account receivable will be credited to remove the due balance of $24,000 from receivables balance.

5 0
3 years ago
One advantage of increasing your own responsibilities is that you
lara31 [8.8K]
The answer is: A - have more control.
3 0
2 years ago
Read 2 more answers
Cost of goods sold $500,000 Average inventory 62,500 Determine (a) the inventory turnover and (b) the number of days' sales in i
nadya68 [22]

Answer:

(a) 8 times

(b) 45.6 days

Explanation:

Given that,

Cost of goods sold = $500,000

Average inventory = $62,500

Assume 365 days a year.

(a) Inventory turnover ratio:

= Cost of goods sold ÷ Average inventory

= $500,000 ÷ $62,500

= 8 times

(b) Number of days' sales in inventory days:

= 365 days ÷ Inventory turnover ratio

= 365 days ÷ 8

= 45.6 days

8 0
3 years ago
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