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4 years ago

Which of the following is a tax on imported goods or products ?

2 answers:

7 0

The answer is D. Tariff

A subsidy is a monetary gift from the government.
A quota is an amount of something.
An embargo is a ban on trade with a country.

ehidna [41]4 years ago

5 0

The answer is D because the british put a tax on goods

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Use the midpoint method when applicable to calculate the price elasticity of demand.

Neko [114]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

This business of plastic containers is increasing its Lunchbox Product Signature price around $3.00 and $4.00. The volumes produced consequently declined around 20,000 to 15,000.

$\text{Price elasticity} = \frac{\frac{15000-20000}{(\frac{15000+20000}{2})}}{\frac{4-3}{(4+\frac{3}{2})}}$

$=\frac{\frac{-5000}{(\frac{35000}{2})}}{\frac{1}{(\frac{7}{2})}}\\\\=\frac{\frac{-5000}{17500}}{\frac{1}{3.6}}\\\\=\frac{\frac{-50}{175}}{\frac{1}{3.6}}\\\\= \frac{-0.2857}{0.2857} \\\\ =-1$

The price elasticity also becomes unitary

In point b:

U.S. economic theory states that the elasticity of fuel demand is 0.5 because prices would be less than 1 and so are non-elastic.

In point c:

The capital Metro agrees and add $2.00 to $2.21 also for bus fares. Consequently, with an average of 70,000 drivers a days to both a daily average 61,000 drivers, its passenger numbers who take the bus in Austin falls.

$\text{Price elasticity} = \frac{\frac{61000-70000}{(61000+ \frac{70000}{2})}}{ \frac{2.21-2}{(2.21+\frac{2}{2})}}$

$= \frac{\frac{-9000}{(61000+ 35000)}}{ \frac{0.21}{(2.21+1)}} \\\\= \frac{\frac{-9000}{(96000)}}{ \frac{0.21}{(3.21)}} \\\\= \frac{\frac{-9}{(96)}}{ \frac{0.21}{(3.21)}} \\\\= \frac{-0.1374}{0.099} \\\\ = -1.38$

The value being higher than 1 is elastic.

5 0

3 years ago

explain why an economy in which airlines charge different passangers different prices for the same flight ticket will not achiev

Anarel [89]

Answer:

Price discrimination is when a producer charges different prices, to different consumers for the same good or service. Therefore, an airline that charges different prices to different passengers for the same flight is practicing a third degree price discrimination because consumers are charged different prices based on their different demand elasticities.

Economic efficiency is when scarce resources are used in the most efficient way to produce maximum output; it consists of productive efficiency and allocative efficiency. For price discrimination to be possible, the firm must have a certain degree of monopoly power; that is, the firm must be a price maker. Monopolies typically fit into this description as they discriminate by charging consumers with an inelastic demand higher prices; this reults in allocative ineffciency because price is greater than the Marginal Cost (P>MC).

On the other hand price discrimination could increase efficiency; price discrimination aims to convert consumer surplus to producer surplus, thereby increasing the profit of the firm. An increase in profits could be dedicated to investement in research and development; this could see such a firm achieve dynamic efficiency (long-run productive efficiency). Secondly, due to the increased profits and the potential for more profits, output is increased and price moves closer to the MC (Closer to allocative efficiency). In addition, an increase output would mean that the firm is making use of its spare/idle capacity in production, moving output towards optimum. From another perspective, a firm can reap economies of scale through price discrimination; this is because price discrimination leads to an increase in output and a reduction in average cost.

Explanation:

5 0

3 years ago

g A savings product requires you to invest the following amounts. 250 today, 450 in one year, 650 in two years, 850 in three yea

Kaylis [27]

Answer:

$3,520.65

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1

= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25

= $3,520.65

We do the reversing time period and according to that the calculation can come.

3 0

4 years ago

Long-term assets that are useful in the operations of a business, are not held for sale, and are without physical qualities. Dur

brilliants [131]

<u>Solution and Explanation:</u>

1 Amount of depletion, impairment and amortization for the current year

A Cost of timber rights on a tract of land $3,461,120

Estimated stand of timber 5,408,000

Cost of depletion per board feet (3461120 divided by 5408000) $0.64

Current year depletion charges for 1,028,300 board feet $658,112

B Impairment loss $3,640,000

C Cost of Patent $6,108,000

Estimated economic life 10 years

Amortization period 3/4

Amortization $(6108000 / 10 \text { year } \times 3 / 4)$ $458,100

2 <u>Adjusting entries </u>

Account Titles Debit Credit

a Depletion expense $658,112

Accumulated depletion $658,112

b Loss from Impaired Goodwill $3,640,000

Goodwill $3,640,000

c Amortization expense-Patents $458,100

Patents $458,100

3 0

3 years ago

Stock prices start to rise:

LenaWriter [7]

Answer:

b.when the unemployment rate begins to decline following a recession.

Explanation:

In a recession there is usually a general decline in economic activities and a resultant decrease in spending. When recession occurs people will have less money to spend on buying stock so prices will fall s a result of reduced demand.

If however the economy is coming out of recession, economic activities are picking up, and unemployment begins to decline. This will lead to greater economic wealth, people will have more money to spend and demand for shares will rise. This will in turn lead to rise in price of shares.

5 0

4 years ago