Answer: (D) A regressive tax
Explanation:
According to the given question, the lotteries function is refers as a regressive tax on the basis of given data or information as regressive tax is one of the type of tax that basically describe about the given distributing effect in terms of expenses and earning.
This type of tax basically required the larger portion of the income from the earners and the main purpose of a regression tax is that the marginal rate of the tax become increase. The taxation process also affect the necessary requirements and living standards.
Therefore, Option (D) is correct answer.
#1 True
#2 differentiation
#3- To invest money in the business
Answer:
a family-owned restaurant
a manufacturer of cars
A company that invented a very comfortable razor
Explanation:
A family owned resturant is an example of a monpolistically competitive firm. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to the restaurant.
A family owned farm is an example of a perfectly competitive firm. A perfectly competitive firm is characterised by many firms selling homogenous products. Thus, it won't be so necessary for a farm to advertise since its product is homogenous.
A car manufacturer exists in a monopolistic market. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to purchase cars.
Forklifts aren't so differentiated. Therefore, there would be little need to advertise.
A manufacturer of a very comfortable razor should advertise his product to inform and attract customers. The manufacturer of a uncomfortable razor has no need to advertise.
I hope my answer helps you.
11.51%
The required rate of return = risk-free rate + Beta * (market risk premium)
Here, we multiply the beta of 1.32 times the market risk premium of 5.50%, then add the risk-free rate of 4.25% to get the required rate of return, or 11.51%.
Answer:
The answer is option e. $44.46
Explanation:
The stock's expected price after 5 years can be expressed as;
FV=CV(1+RRR)^n
where;
FV=future value of stock/expected price after 5 years
CV=current price of stock
DGR=dividend growth rate
n=number of years
In our case;
FV=unknown
CV=$35.25 per share
DGW=4.75%=4.75/100=0.0475
n=5 years
replacing;
FV=35.25(1+0.0475)^5
FV=35.25(1.0475)^5
FV=44.46
