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3 years ago

Please help Define taxes

2 answers:

7 0

A type of compulsory contribution to the state’s revenue, levied by the government on the workers' income and business profits, or added to the cost of some goods, services, and transactions.

stealth61 [152]3 years ago

4 0

Definition of taxes:

Taxes are money that is paid to the government that is used to improve the country

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Three commonly used productivity variables are: A. quality, efficiency, and low cost. B. technology, raw materials, and labo

exis [7]

Answer:

E. Labor, capital and management

Explanation:

Productivity refers to efficiency in production which means how much output is produced for available level of inputs. It is measured by output/input ratio.

The variables which determine productivity are labor, capital and management.

Capital refers to the amount of investment an entrepreneur makes in a project. Capital invested determines the resources available.

Labor refers to men employed to produce output. Labor cost refers to the wages paid.

Management refers to carrying out operations effectively so that all factors of production work in synchronization and to ensure that everything is in order.

8 0

3 years ago

In the market for beef, the price of a pound of beef falls Explain the effect of this event on the quantity of beef supplied and

Lera25 [3.4K]

Answer:

E. The quantity of beef supplied decreases and the supply of beef is unchanged.

Explanation:

In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is unchanged. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.

5 0

2 years ago

The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner.

Butoxors [25]

Answer:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is falling and the marginal cost of cheeseburger production is rising.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising and the average total cost of cheeseburger production is at a minimum.

Explanation:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is falling and the marginal cost of cheeseburger production is rising.

From the table in the question, it can be observed that the average total cost of production at a quantity of 30 cheeseburgers per hour is higher than the average total cost of production at a quantity of 40 cheeseburgers per hour, while the average total cost of production at a quantity of 50 cheeseburgers per hour is lower than the average total cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the average total cost of production is falling.

Also from the table in the question, it can be observed that the marginal cost of production at a quantity of 30 cheeseburgers per hour is lower than the marginal cost of production at a quantity of 40 cheeseburgers per hour, while the marginal cost of production at a quantity of 50 cheeseburgers per hour is higher than the marginal cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the marginal cost of production is rising.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising and the average total cost of cheeseburger production is at a minimum.

From the table in the question, it can be observed that the average variable cost of production at a quantity of 50 cheeseburgers per hour is lower than the average variable cost of production at a quantity of 60 cheeseburgers per hour, while the average variable cost of production at a quantity of 70 cheeseburgers per hour is higher than the average variable cost of production at a quantity of 60 cheeseburgers per hour. This implies that at a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising.

Also from the table in the question, it can be observed that the average total cost of cheeseburger production at quantities of 50 and 60 cheeseburgers per hour are equal and the lowest on the table, this implies that the average total cost of cheeseburger production is at a minimum at a quantity of 60 cheeseburgers per hour.

7 0

2 years ago

Any actions a firm takes that have the effect of reducing the level of rivalry in an industry that also do not require firms in

Elena L [17]

Answer:

tacit cooperation is the correct answer.

Explanation:

3 0

3 years ago

As the operations manager for American Airlines you have decided to invest in 10 new jets for the company's fleet. There are thr

Tanzania [10]

Answer:

0.17

Explanation:

The computation of expected return in investment is shown below:-

Expected return in investment = (Expected return of outcome 1 × Probability of outcome 1) + (Expected return of outcome 2 × Probability of outcome 2) + (Expected return of outcome 3 × Probability of outcome 3)

= (0.15 × 0.50) + (0.25 × 0.30) + (0.10 × 0.20)

= 0.075 + 0.075 + 0.2

= 0.17

Therefore for computing the expected rate of return we simply applied the above formula.

3 0

3 years ago