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OverLord2011 [107]
3 years ago
7

The substitution effect: a) predicts that taxpayers will work harder to pay for consumer products when tax rates increase. b) is

one of the effects considered in static forecasting. c) results in the government collecting more aggregate tax revenue than under the income effect. d) is typically more descriptive for taxpayers with lower disposable income. e) None of the choices are correct.
Business
1 answer:
pychu [463]3 years ago
8 0

Answer:

Option E. None of the choices are correct.

Explanation:

The substitution effect refers to the situation whereby there is a decrease in sales for a particular product due to the fact that consumers are switching to cheaper alternatives when its price rises.

The substitution effect arises purely out of the need for consumers to be frugal. If a producer raises the price of their commodities, some consumers will opt for a cheaper alternative. For example, if beef prices go up, many consumers will switch to chicken.

A manufacturer can also experience the substitution effect when faced with a price hike for an essential raw material needed for production, he/she may switch to cheaper resources.

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Chemical Mines has 5,000 shareholders and is preparing to elect two new board members. You do not own enough shares to personall
topjm [15]

Answer:

Chemical Mines

The most likely outcome of this situation given that some shareholders are happy with the existing management is:

A) proxy fight for control of the board.

Explanation:

Proxy fight is a competitive struggle that shareholders of Chemical Mines can engage in to support their factional sides by using proxy votes to gain control of the board of directors, thereby stirring decisions to their sides.  Proxy votes are the votes of shareholders elected to represent the absentee shareholders by those present at the annual general meeting, where directors can be appointed.

6 0
3 years ago
Your grandmother is gifting you $125 a month for four years while you attend college to earn your bachelor's degree. At a 6.5 pe
Darina [25.2K]

Answer:

The answer is B. $5,270.94

Explanation:

C is the cash flow per period

i is the rate of interest

n is the frequency of payment

PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]

PV of an Annuity =125  x [ (1 – (1+0.065/12)^-12*4) / 0.065/12] = $5,270.94

8 0
3 years ago
How does the concept of diminishing returns influence a producer's decision to supply a product?
Romashka-Z-Leto [24]
The law of diminishing returns states that if one input in the production of a product is increased while other inputs are fixed, a point will be reached where the addition of more of the input will result in a gradually smaller increase in output. Producers usually take into consideration the law of diminishing return; the law determines the quantity of product that a producer can manufacture and supply in order to make maximum profits.
5 0
4 years ago
_____ is a stage of vertical integration that occurs when a company transforms a product from one stage to the next so that it h
postnew [5]

Answer:

Forward integration

Explanation:

The stage of vertical integration that occurs when a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain is called the forward integration, a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain by merging with business entities that were its customers while still maintaining control over its initial business. the major components of supply chain include raw materials, intermediate goods, manufacturing, marketing and sales, and after-sales service, Examples include iron mining companies that own "downstream" activities such as steel factories. The forward integration of this company will sustain profit of the company while minimizing loss of profits to the intermediate entities.

4 0
4 years ago
A content analysis of an organization's messages, readability studies, and readership surveys are all tools used to conduct a(n)
olganol [36]

A content analysis of an organization's messages, readability studies, and readership surveys are all tools used to conduct a(n) communications audit.

The destiny price represents the anticipated worth of an unmarried quantity, while the prevailing value represents the present day well worth. is the discounted value of a chain of consecutive destiny payments of equal quantity.

The future fee of a single quantity is equal to the quantity we store or make investments nowadays, the present value of an item, and such multiplied by one plus the hobby charge to the nth strength, where n is the range of compounding durations we maintain that precept within the bank or the number of periods that we make investments the money.

Some of the maxima typically used PR gear consist of press releases, information conferences, and publicity. Sponsorships, product placements, and social media additionally generate a number of positive.

Present value = Factor x Accumulated amount

Learn more about readability here:-brainly.com/question/3923453

#SPJ4

7 0
2 years ago
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