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Bess [88]
3 years ago
6

Assuming a normal upward-sloping supply curve and a normal downward-sloping demand curve, if the government imposes a $5 excise

tax on leather shoes and collects the tax from the suppliers, the price of leather shoes to consumers will:
A. increase by more than $5.
B. increase by $5 increase.
C. increase by less than $5.
D. but we cannot determine by how much.
Business
1 answer:
emmainna [20.7K]3 years ago
3 0
ANSWER:

The answer is b

EXPLANATION:
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Which marketing mix element deals specifically with retailing and marketing channel management?
goldfiish [28.3K]

The Correct Response is Option A

A) PLACE

  • Place is the component of the marketing mix that explicitly addresses the management of the retailing and marketing channels. Customers typically reach out to retailers first to purchase goods, and this is where marketers may influence consumers and successfully engage with them.
  • Place. The location component of the marketing mix more frequently addresses commerce and marketing channel management particularly.

To Learn about place as a marketing mix, Click the links

brainly.com/question/13293554

brainly.com/question/14707631

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3 0
1 year ago
Which of the following statements regarding life insurance needs is / are correct? 1. The human life value approach looks forwar
Tresset [83]

Answer:

The human life value approach looks forward for information.

and

The capitalization of income approach looks at right now only for information.

Explanation:

A life insurance is a form of agreement entered into by an individual and an insurance firm whereby some amount is to be paid to the next of kin of the individual under the insurance. It can also be in the form of payment of bills in the case of the illness of the individual under insurance.

The individual either pays in batches or a one time payment to the insurance agency.

The individual current value is normally considered in analysing his assets and income.

7 0
3 years ago
Henry wants to buy a new table saw for his carpentry shop. He has saved $360, which is 2 third of the price of the saw. How much
ruslelena [56]

Answer:

It cost 540$

Explanation:

360/2=180

360+180=540

4 0
3 years ago
Read 2 more answers
Rose Co. sells one product and uses the last-in, first-out method to determine inventory cost. Information for the month of Janu
AleksandrR [38]

Answer:

C) $80,000

Explanation:

Since Rose uses the LIFO method for determining COGS, the 10,000 units sold should be recorded at $7.90 (purchase price 1/5).

10,000 units still remain in inventory (8,000 beginning + 2,000 last purchase). Using the LIFO costing method the inventory unit cost should be [(8,000 x $8.20) + (2,000 x $7.90)] / 10,000 = $8.14 per unit

If the replacement cost is $8 per unit, and Rose decides to use lower-of-cost-or-market rule, then she should use the lowest cost which is the replacement cost ($8 < $8.14).

So the ending inventory's total cost is $8 per unit x 10,000 units = $80,000

             

8 0
3 years ago
Joe, Patrick, and Adam are friends. They have the same preference over consumption and leisure. Joe has two jobs. He auditions f
Roman55 [17]

Answer:

2. For Joe income effect dominates while for Adam substitution effect dominates

Explanation:

Income effect refers to change in the real i.e inflation adjusted income when prices change.

In the given case, Joe works at two jobs which means that for a greater income he is willing to work for more hours. Thus, in his case it can be said that income effect is prominent.

In the case of Adam, he works overtime regularly which means for every extra hour of work, he earns an extra income. This represents change in the relative income owing to change in working habits. This is a case of substitution effect.

6 0
3 years ago
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