1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WINSTONCH [101]
3 years ago
12

Green et al.​ (2005) estimate that the demand elasticity is minus0.47 and the​ long-run supply elasticity is 12.0 for almonds. T

he corresponding elasticities are minus0.68 and 0.73 for cotton and minus0.26 and 0.64 for processing tomatoes. If the government were to apply a specific tax to each of these​ commodities, what incidence would fall on​ consumers? The incidence of a specific almond tax that would fall on consumers is nothing percent. ​(Enter numeric responses using real numbers rounded to one decimal​ place.)
Business
1 answer:
Ronch [10]3 years ago
5 0

Answer:

The numeric response for the question using real numbers rounded to one decimal​ place is given as below.

Explanation:

Tax incidence for almonds is (12 / (12 + 0.47)) = 0.96

for cotton (0.73 / (0.73 + 0.68)) = 0.52 and

for processing tomatoes is (0.64 / (0.64 + 0.26)) = 0.71

You might be interested in
Congress missed the fact that various agencies with responsibility for supervising the banking industry were negligent in identi
stira [4]

Answer:

oversight.

Explanation:

Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.

Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.

5 0
2 years ago
Financial assets A. directly contribute to the country's productive capacity. B. indirectly contribute to the country's producti
goblinko [34]

Answer:

B) indirectly contribute to the country's productive capacity.

Explanation:

Financial assets are non-physical assets whose value is determined by contractual rights, e.g. cash, stocks, bonds, bank CDs, etc.

Financial assets indirectly contribute to the country's productive capacity since they allow individuals and businesses to invest in other private firms and government securities. This increases the amount that private firms and government can invest or spend.

3 0
3 years ago
Read 2 more answers
The Terrence Co. manufactures two products, Baubles and Trinkets. The following are projections for the coming year: Baubles Tri
MAXImum [283]

Answer:

Bauble to be sold for break even = 5484

Explanation:

Sales Mixture = 16000 : 8000 =  2:1                  2            :         1  

                                                                             Bauble         Trinkets  

Selling Price P.u (16/16) : (16/8)                         =       1                    2

Variable Cost  (6400/16000) : ( 11520/16000)  =     (0.4)              (0.72)

Contribution margin Per unit (Sp-Vc)                =      0.6                1.28      

Com-posit Cm 2 baubles 1 trinkets                   = 0.6*2+1.28*1 =   2.48  

Fix Cost Total  =  3200+3600 = 6800

Break-Even units =  6800/2.48 = 2741

Baubles 2742*2  = 5484*0.6 = 3290.4

Trinkets 2742*1   = 2742*1.28 = 3509.7

5 0
3 years ago
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31
Bogdan [553]

Answer:

c. $390,000

Explanation:

WIP Beg 275,000

DM X

DL 450,000

FO 135,000 (30% of labor cost)

Cost added during the period 975,000

-FG 1,030,000

WIP ending 220,000

$$Beginning WIP + added = Ending WIP+ COGM

275,000 + added = 220,000 + 1,030,000

added = 220,000 + 1,030,000 - 275,000 = 975,000

cost added during the period:

DM + DL + FO

DM + 450,000 + 135,000 = 975,000

DM = 975,000 - 450,000 - 135,000 = 390,000

7 0
3 years ago
Elasticity measures the behavioral response of economic agents in a given situation.
aev [14]

Answer:

The correct answer is letter "A": If a business raises it prices, will that have a large or small on demand?

Explanation:

Elasticity is a measure of a variables' reaction to a change in another variable. <em>It can describe the extent to which the supply or demand for a good or service changes with the price of goods or consumer income</em>. When an item has many possible substitutes, its demand will be more elastic.

6 0
3 years ago
Other questions:
  • In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rig
    12·1 answer
  • How much tax is taken out of a mcdonalds paycheck?
    8·2 answers
  • When it comes to project prioritization, senior management is responsible for?
    5·1 answer
  • A risk management assessment is a systematic and methodical evaluation of the security posture of the enterprise.
    9·1 answer
  • Jan Stevenson, a sales representative at a medical systems company, just received her performance appraisal from her boss, Linda
    15·2 answers
  • [The following information applies to the questions displayed below.]
    9·1 answer
  • Omega.com sold 25 jet skis for $7000.which cost$5000 The entry to record the sale would be
    7·1 answer
  • White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
    6·1 answer
  • If the direct materials price variance is $500 favorable, and the direct materials quantity variance is $250 unfavorable, the jo
    15·1 answer
  • If the total value of goods exported from a nation is less than the total value of goods imported to the nation, the nation is e
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!