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Degger [83]
3 years ago
14

Suppose two economists are debating a tax reform bill. Both economists agree that the bill would increase the after-tax income o

f the top 5% of income earners; however, they disagree on whether the bill would improve the tax system. Which is the most plausible reason for why these economists disagree
Business
1 answer:
valentina_108 [34]3 years ago
4 0

Answer:

d) Differences in values.

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In which book of prime (original) entry are invoices issued by a trader recorded?
Svetllana [295]

Answer:

sales daybook

Explanation:

issued to credit customers

6 0
4 years ago
A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost woul
xxMikexx [17]

Answer:

c. Marginal cost is $8, and average total cost is $5.

Explanation:

Marginal cost of a firm is the cost difference in producing an additional unit of a firm's output. The extra amount result from the an extra unit of output produced. It is derived by calculating the difference between the total cost and dividing it by the difference in output  i.e  change in TC/ change in output

In the question, The change in TC is calculated as $5008 - $5000 = $8 and the change in quantity is 1001 - 1000 = 1

Therefore  8/ 1= 8  marginal cost is = $8

on the other hand, Average total cost is the cost per unit of output i.e the cost of a commodity out of all the products  produced by a firm. it is calculated by dividing the total cost by the total number of output

In the question above, The total cost is $5,000 and the Total output is 1,000

$5,000/ 1000 =$ 5

similarly, when the total  output increased to 1001 and the total cost rises to $5008 the  Average cost still remains at$ 5

prove: 5008/ 1001 = 5.0002 which is approximately equal to 5.

therefore the correct answer is c. Marginal cost is $8, and average total cost is $5.

8 0
3 years ago
Chapter 7 1) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for
yuradex [85]

Answer:

A) $171,000 favorable

Explanation:

Static Budget variance is calculated by simply taking difference of budgeted values and actual values.

                         <u>                                                                             </u>

                  <u>Static budget Variance report of Lincoln Corporation</u>

                             Budgeted      Actual     Variance    Status

Units sold               39,000        48,000       9000       Favorable

Revenue (@$19)   $741,000    $912,000   $171,000   Favorable

Variable costs      $152,000    $167,000   $15,000     Unfavorable

Fixed costs           $50,000     $41,000     $9,000      Favorable

                         <u>                                                                             </u>

As Sales is increased by 9000 units and $171,000, the increase in sale is a favourable varince. So, correct option is A) $171,000 favorable.

5 0
4 years ago
Product compatibility is the capability of an item sold by one firm to function with another​ firm's _________ complementary sub
8090 [49]

Answer:

Complimentary; multiproduct; network

Explanation:

Product compatibility is the capability of an item sold by one firm to function with another firm's complimentary product.

Product compatibility is an industry-wide issue for multiproduct firms selling two or more complementary products subject to network effects.

Product compatibility is simply the ability of a product to go along or function with another product.

A complimentary product is supposed to be compatible with the other compliment goods.

6 0
4 years ago
hich of the following is NOT one of the six questions that comprise the task of evaluating a company's resources and competitive
Vadim26 [7]

Answer:

The correct answer is "What are the company's most profitable geographic market segments?"

Explanation:

In order to research on the companys' resource and competitive position, a researcher does not need to ask questions related to the geographic market segments.

Geographic market segments refer to the geographical spread of the market of a company.

I hope the answer is helpful.

Thanks for asking.

4 0
3 years ago
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