Answer:
C. Company A is not bound by the contract because of illegality
Answer:
Annual sales figure = $42,178.11
Explanation:
The annual sales figure is the sum of the sales of campers and the additional sales of homes less of sales of motor coaches lost.
This is computed below:
$
Sales of camper 20,500
Motor homes (2,900/28,300× 74,500) = 7,634.28
Motor coaches (880/7,300× 116,500) = (14,043.84)
Annual sales figure <u>42,178.11</u>
Annual sales figure = $42,178.11
Answer:
A. unit elastic
Explanation:
The price elasticity of supply can be calculated by a formula as below:
+) Price elasticity of supply = Changes in supplied quantity/ Changes in prices <em> = (%ΔQs)/(%ΔP)</em>
When price = $1, the quantity supplied is: Qs = p = 1
When price = $3, the quantity supplied is: Qs = p = 3
So that when price increases from $1 to $3, the quantity supplied changes from 1 to 3.
=> Changes in supplied quantity is: 3 -1 = 2
Changes in price is: $3 - $1 = $2
<em>=> Price elasticity of supply = 2/2 =1 </em>
When the price elasticity of supply is equal exactly to 1, the product is considered to be <em>unit - elastic. </em>
<em>So that A is the true answer.</em>
That's a 'cartel'. It's illegal in the US. It's also, mean, nasty, and not fair.
Answer:
Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.
Explanation:
Majorly, there are three types of Tax systems; these are: Progressive, regressive and proportional.
A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.
The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.
Also,a progressive tax is applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.
Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.