Answer:
True
Explanation:
Homeowner's personal liability insurance protects against personal accidents that can happen in your house as long as they are not intentional. The coverage includes accidents that happen to visitors including:
- medical bills
- pain and suffering
- lost wages
- death benefits
- legal costs
C.That Clever market strategies may still fail to sell a product
my brain went blank thats hard ima ask my teacher.
Answer:
Tax carried forward to consumer $2
Effective tax on the producers $ 1
TRUE
As the nominal tax is always subject to elasticity in demand and supply which generates an effective tax burden on each party.
Explanation:
<em><u>Before-tax:</u></em>
Quantity 25
Price $7
<em><u>After-tax:</u></em>
Quantity 18
Price $8
The producer receives $5 (thus there has been a tax of $3)
The tax-burden (who actually pay the tax)
is based on the elasticity of the demand and supply of the market.
When demand is more inelastic the tax burden goes into the consumer more than producers.
When supply is more inelastic the tax burden goes into the producer more than consumers.
Answer:
$1,197,658
Explanation:
The computation of Total Cost at activity level of 10,100 Units is shown below:-
Variable Cost per Unit = Variable cost ÷ Number of units
= $919,116 ÷ 9,900
= $92.84
Total Variable Cost at activity level of 10,100 Units = Variable Cost per Unit × Number of units
= $92.84 × 10,100
= $937,684
Total Cost at activity level of 10,100 Units = Fixed cost + Total Variable Cost at activity level of 10,100 Units
= $259,974 + $937,684
= $1,197,658
Therefore we have applied the above formula.