Answer:
A. There is a tax rate at which tax revenues are maximized.
Explanation:
By Laffer Curve definition we can easily understand the relationship between tax rate and tax revenues. It was developed by Arthur Laffer. The Laffer Curve describes that:
- with an optimal tax rate government maximizes total tax revenues
- there is no tax revenue collection at the two extreme tax rates of 0% and 100%
- at the left side of the curve higher tax rates decrease the incentive to work and invest. As a result this leads to to decrease in total tax revenue.
<span>psychological contract refers because it is held by the organization with regard what it will provide to the individual in return. it is set of expectations of the employment in relationship distinct from the formal codified contract employer-employer relationship.</span>
The primary difference between a change in supply and a change in the quantity supplied is that: A. a change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve.
<h3>What is supply?</h3>
Supply can be defined as the amount of goods produced that are made available for sales at particular period of time.
The major difference between a change in supply and a change in the quantity supplied is that a change in quantity supplied occur when ever their is a movement in the the supply curve, while on the other hand change in supply occur when their is shift in the supply curve.
Therefore the correct option is A.
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The complete question is:
The primary difference between a change in supply and a change in the quantity supplied is?
A) a change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve.
B) both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions.
C) a change in supply is related to the supply curve, while a change in quantity supplied is related to shifts in the demand curve that elicit a change in supply.
D) a change in supply is a movement along the supply curve, while a change in quantity supplied is a shift in the supply curve.
Answer:
Reducing the costs of production.
Explanation:
New product development is a procedure that requires a huge first time cost of production. The product might need new technology and new means to produce.
For example, even just to come up with a new flavor for an already existing brand of chips, new raw materials, storage space, more labor, new tools and equipment, increased marketing cost is required. This poses an increase in cost and certainly not a decrease in the cost of production.
Answer:
Shared decision making has been shown to result in treatment plans that better reflect patients' goals; increase patient and physician satisfaction; improve patient-physician communication; have a positive effect on outcomes; and, sometimes reduce costs.