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Jobisdone [24]
3 years ago
12

Tattoo Tax Arkansas imposes a 6% tax on tattoos and body piercings to discourage this behavior, meaning that the people of Arkan

sas pay extra when getting inked or pierced.
Suppose that government officials in Arkansas decide to raise the tattoo tax (assume that the demand for tattoos is fairly elastic). If this tax is raised, we would expect the consumer surplus to:

A. increase.
B. stay the same.
C. decrease
Business
1 answer:
jenyasd209 [6]3 years ago
6 0

Answer:

c

Explanation:

customers surplus is going to decrease due to the tax increase, some of the customers may not afford and that may affect Arkanas financial performance

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New information that might lead to a decrease in an asset's price might be ________. A. an expected increase in the future sales
snow_lady [41]

Answer: an expected decrease in the level of future dividends

Explanation:

If a new information is released about an asset, that there would be a decrease in the future earnings to be gotten from that asset, the asset's value would automatically drop because investors would no longer be willing to purchase that asset at a high price.

3 0
4 years ago
Why do you think it’s important to conserve natural resources? What can you do to preserve resources?
Alecsey [184]

It will not only bring down your electricity bills, but it will also reduce the amount of pollution caused by electricity plants in our environment and in even in human health. It is a good source of energy that we can use and help conserve natural resource.

8 0
3 years ago
The traditional income statement for Pace Company shows sales $900,000, cost of goods sold $600,000, and operating expenses $200
Olin [163]

Answer:

net income = $100000

Explanation:

given data

sales = $900,000

cost of goods = $600,000

operating expenses = $200,000

variable = 70%

fixed = 30%

solution

 CVP income statement

sales =   $900,000

total variable cost = sales - ( cost of good sold ) - (operating expenses )

total variable cost = $900,000  - ( $600,000 × 70% ) - ($200,000 × 70%  )

total variable cost = $560000

and

contribution is $340000

fixed cost = ( cost of good sold ) - (operating expenses )

fixed cost = ( $600,000 × 30% ) - ($200,000 × 30%  )

fixed cost = $240000

so net income is = contribution - fixed cost

net income is = $340000  - $240000

net income = $100000

3 0
3 years ago
Which of the following statements best describes a federal system of government
Bingel [31]
You did not mention the possible answers, however, a federal system of a government is when there are many states or autonomous regions that each have their own laws and small governments, but they all belong to a large federation where there is a federal government which makes laws and decisions on a larger scale that apply to all states that are members of the federation.
7 0
3 years ago
Brett has almond​ orchards, but he is sick of almonds and prefers to eat walnuts instead. The owner of the walnut orchard next d
Scorpion4ik [409]

Answer:

Explanation:

a. Should he make the​ exchange?

Brett Produces almonds = 1050 tons

Owner of walnut produces = 774 tons

Market Price almond = $103 per ton

Market Price of walnuts = $114 per ton

Therefore

The market value of the almond crop = (1050 tons) x ($103)

                                                               = $108,150

The market value of the walnut crop = (774 tons) x ($ 114)

                                                             = ​$88,236

​He should not make the exchange since the price of almond is high than walnuts

b. Does it matter whether he prefers almonds or​ walnuts?

Why or why​ not?

No. His preference is irrelevant to the value of the crops.

Is the above statement true or​ false? True

6 0
3 years ago
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