A few examples of goods that would lead to little or no welfare loss when a tax is placed on them include:

Gregg Company uses the allowance method for recording its expected credit losses. It estimated credit losses at three percent of

Burka [1]

Answer:

ftyvybbybthhhhhfhfhfhfhf

8 0

3 years ago

As the number of people holding college degrees increases, assuming the demand for college educated labor stays constant, the wa

Bond [772]

Answer:

(C) decrease as the supply of college educated labor increases.

Explanation:

Labour Markets: with employees as labour sellers/ suppliers & firms as labour buyers/ demanders ; are at equilibrium where Labour Demand = Labour Supply.

Labour Demand curve is downward sloping because of wage - demand inverse relationship. Labour Supply curve is upward sloping because of wage - supply direct relationship.

An increase in supply of certain labour supply shifts labour supply curve rightwards. This creates excess supply of that labour & competition among sellers (prospective employees) reduces their price i.e wage rates.

Above explanation perfectly explains the case of college degree holders, whose supply increase would lower down their wages.

3 0

3 years ago

Consider a 5-step process for the National Corporation that includes cutting, drilling, stamping, welding, and painting. The cut

Amanda [17]

Answer:

$\large\boxed{\large\boxed{\text{The capacity of the entire five-step process is 30 units per hour}}}$

Explanation:

The rate of production is determined by the slowest step or process.

Determine the rate of production of each step.

1. The Cutting department has 6 machines that each process materials at a rate of 2 minutes per unit.

rate = number of machines × rate of each machince

rate = 6 × 1 unit / 2 minute = 3 units / minute

2. Drilling has 6 machines that each process materials at a rate of 3 minutes per unit.

rate = number of machines × rate of each machince

rate = 6 × 1 unit / 3 minute = 2 units / minute

3. Stamping has 6 machines that each process materials at a rate of 4 minutes per unit.

rate = number of machines × rate of each machince

rate = 6 × 1 unit / 4 minute = 1.5 units / minute

4. Welding has 4 machines that each process materials at a rate of 2 minutes per unit.

rate = number of machines × rate of each machince

rate = 4 × 1 unit / 2 minute = 2 units / minute

5. Painting has 2 machines that each process materials at a rate of 4 minutes per unit.

rate = number of machines × rate of each machince

rate = 2 × 1 unit / 4 minute = 0.5 units / minute

Then, the fifth process, painting is the slowest process because it only can process 0.5 units per minute. This is the bottleneck. Even if the other processes worked faster, the production could not exceed the number of machines that can be painted per hour.

To find how many units can be painted or produced by hour multiply the rate by the number of minutes in one hour:

0.5 units/min × 60 min/hour = 30 units / hour.

Therefore, the capacity of the entire five-step process is 30 units per hour.

6 0

3 years ago

The measure used to report price changes at the wholesale level is the:

ivanzaharov [21]

The measure used to report price changes at the wholesale level is the "Producer Price Index (PPI)".

The producer price index (PPI) is a group of indexes that estimates the normal change in offering costs gotten by household makers of merchandise and enterprises after some time. The PPI estimates value changes from the point of view of the seller and varies from the buyer value record (CPI), which estimates value changes from the buyer's viewpoint. The PPI thinks about three regions of generation: industry-based, product based and item based last interest transitional interest. It was known as the discount value file, or WPI, until 1978.

5 0

3 years ago

Creating value within business units can happen when a firm tries to find and acquire either poorly performing firms with unreal

Strike441 [17]

Answer:

Parenting.

Explanation:

The complexity of transitional business conditions creates a necessity for creating value through aggregation of various businesses in complex corporate enterprise, which provides it the character of a multi-business firm. Businesses may be defined as being regardless of the enterprise chooses to work as organizationally separate profit-responsible units. this can be primary done to create a fit between ways the business creation is been done.

6 0

2 years ago