Answer:
The correct answer is Sin tax.
Explanation:
A sin tax is a state-sponsored tax that is added to products or services that are considered vices, such as alcohol, tobacco and gambling. These types of taxes are collected by governments to deter individuals from participating in such activities without making the use of the products illegal. These taxes also constitute a source of revenue for the government.
Answer:
Actual Cost of Supplier A: $291.60
Actual Cost of Supplier B: $271.60
Explanation:
<u>Supplier A:</u>
Cost - 270
Shipping FOB shipping point
Purchase Discount = Invoice Price * Discount
For Supplier A, the invoice price is 270 and discount is 2/10 = 2%, so:
Purchase Discount = 270 * 0.02 = $5.4
Cost is:
270 + 27(shipping FOB point) - 5.4 = $291.60
<u>Supplier B:</u>
Cost - 280
Shipping Destination (so 0)
Purchase Discount = Invoice Price * Discount
For Supplier B, the invoice price is 280 and discount is 3%, so:
Purchase Discount = 280 * 0.03 = $8.4
Cost is:
280 - 8.4 = $271.60
Answer:
The answer is
A. Increasein supply of laptop
B. Increase in hotel taxes
C. Reduction in wages or salary paid
Explanation:
A. To offset the outcome: Increase in supply of laptop will neutralize the increase in price due to high demand. The market forced will automatically drive the price laptop down.
B. To offset the outcome: Increase in hotel taxes will drive the price of hotel lodging up because this increase will be passed to the consumers(traveller) and discourage vacation travel
C. To offset the outcome: Reduction in wages or salary paid will discourage people from working. This satisfies law of supply (At lower price(wages), less will be supplied/produced(the supplied factor of production,labor)