Answer:
The government should tax Anvils and books but not cardigans
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply.
A monopoly is when there is only one firm operating in an industry. The firm sets the market price for its good and services. The firm earns economic profit in the short and long run.
When the absolute value of elasticity is greater than 1, it means that demand is price elastic.
Elastic demand means a small change in price leads to a greater change in quantity demanded.
Deadweight loss refers to the loss in efficiency as a result of tax.
A competitive market produces as the social optimum, so the effect of tax would be very small but because the monopoly operates below social optimum, the cost of tax would be high.
I hope my answer helps you
Answer:
The British pound
Explanation:
The functional currency of a company is the currency used in the primary economic environment in which the company operates. This means that the company's functional currency is the currency used in the place where the company earns its revenues and pays its expenses. In this case, the company operates in the United Kingdom, therefore its functional currency is the British pound.
Answer and Explanation:
The correct answer is option C
C. Net income is the same on the consolidated and unconsolidated financial statements.
The next step in the five-step marketing research approach after defining the problem and developing the research plan is to:
- Collect relevant information.
<h3>What is Research?</h3>
This refers to the use of systems to find out the reasons why things occur, the way the occur and the frequency of occurrence based on the scientific method.
With this in mind, we can see that in the research plan, there are steps to be taken and from there, after defining the problem, we would develop the research plan and then collect relevant information.
Read more about research here:
brainly.com/question/25257437
B. Economists have different values and scientific judgment. Economists exercise both subjective and objective judgments about data that they collect and observations that they make. These values and judgments differ among economists which can affect their advice or opinions, sometimes leading to conflicting advice.