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Artist 52 [7]
3 years ago
11

Raising gas taxes to finance infrastructure is​ "politically tricky" because​ _______.

Business
1 answer:
Gwar [14]3 years ago
6 0

Answer:

D. a rise in the gas tax makes the supply of gasoline more elastic so most of the rise in the gas tax is paid primarily by​ consumers, which jeopardizes the​ re-election of politicians

Explanation:

First of all, the demand for gasoline products is normally deemed as <em>relatively inelastic</em>, which means that the <u>percent of change in consumer demand is lower than the percent of change in the price of goods.</u>

If the gas tax and thus overall gas price becomes higher, gas supply will become slightly more elastic (not to a great extent, as gas is a limited resource).

<u>Tax inference</u> is a term implying the distribution of the tax burden between the supplier and consumer. In this case, we have a similar demand and supply elasticity. A general rule is that if we have an <em>elastic supply</em>, but <em>inelastic demand</em>, the tax is almost entirely paid by the consumer.

Even though this example shows a similar level of elasticity for both supply and demand, the bigger share of the tax burden still goes to the consumer, as the supply is still more elastic than the demand.

Therefore, imposing such taxes (no matter the reason), can provoke controversy in public discourse and create instability to the position of the politicians who made such decisions.

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Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs
eimsori [14]

Answer:

a. 22,400 units

b. 27,600 units

Explanation:

Break even point is the level of Activity where a firm neither makes a profit nor a loss.

<em>Break -even (units) = Fixed Costs / Contribution per unit</em>

<u>Contribution per unit</u>

Contribution per unit = Sales per unit <em>less</em> Variable Cost per unit

                                   = $66 - $44

                                   = $22

Break -even (units) =  $492,800 / $22

                                =  22,400 units

<em>Sales units to reach a target profit = (Target Profit + Fixed Costs) / Contribution per unit</em>

                                                        = ($114,400 + $492,800) / $22

                                                        = $607,200 / $22

                                                        = 27,600 units

4 0
3 years ago
If marginal product is greater than average product:
babunello [35]

Answer:

(D). Average product must be rising.

Explanation:

Average product is gotten by dividing the total product of a firm, by the labor quantity (such as the number of workers). This gives the average product per worker.

Marginal product shows the change in total productivity caused by an additional unit of labor (such as a newly hired worker).

If the extra productivity brought about by an additional worker (marginal product) is higher than the average productivity per worker in a firm (the average product), then this marginal productivity, when added to the total, will raise the average productivity of the firm.

This explains why "average product must be rising as long as marginal product is greater than it."

Similarly, once marginal productivity drops below average productivity, then average product starts to decline.

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A) Offering 1/2 price discounts through Costco.

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Probably the most commonly used and most effective sales promotion is to offer a discount to your products or services. Everyone loves the idea of paying less for a product they need or want. But there is a catch with this type of activity, you shouldn't do it very often. If discounts are offered on a regular basis, then customers will tend to purchase the product only when a discount is available.

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If the whole lecture about mitochondria was placed in a single tweet, it would be this one:

 

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Answer:

Solution attached in picture

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