The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
Answer:
1.25
Explanation:
The net worth ratio uses data from the balance sheet to compare the level of a company's debt against its total net worth.
The formula for calculating the debt to net worth ratio is as below.
Debt to networth ratio = Total debts/ Total net worth.
Liabilities are the debts of a business.
in this case, = 5,000,000 / 4,000,000
Debt to net worth ration= 5/4
=1.25
Answer:
$3,433.33
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Annual depreciation
= ($46000 - $4800)/4
= $10,300
In the current year, the asset would only be depreciated for 4 months
= 4/12 * $10,300
= $3,433.33
Answer:
A. -many substitute
Explanation:
Deadweight loss is inefficiency that occurs as a result of taxation. It's the change in production or consumption as a result of tax.
If tax is imposed on a good with many substitutes, the deadweight loss would be greater because consumers can easily shift consumption to another good that is cheaper.
If a good has inelastic supply or demand, the deadweight loss is less because consumers and producers do not change quantity demanded and supplied if prices increase as a result of tax.
I hope my answer helps you.