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3 years ago

Instead of living in a service economy, we now live in a(n) ________ economy.

Business

1 answer:

Nataly [62]3 years ago

3 0

Instead of living in a service economy, we now live in a(n) Mixed economy.

Explanation:

A mixed economy consist of both private and government /state owned economies which share control of owning, making, selling, and exchanging good in the country.
U.S. and France are two example of Mixed Economy

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When the elasticity of demand for a product is __________ the elasticity of supply, consumers pay __________ of the tax on the p

mezya [45]

When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

The way the tax burden is distributed between purchasers and sellers is known as the tax incidence.

The relative price elasticity of supply and demand determines the tax incidence.

Usually, both the producers and the consumers of the taxed goods bear the incidence, or burden, of the tax.

But all we have to do is look at the elasticity of demand and supply to determine which group will be carrying the bulk of the load.

The majority of the tax burden falls on consumers when supply is more elastic than demand.

The majority of the tax burden falls on the producers when demand is more elastic than supply.

The less elastic the demand and supply are, the higher the tax revenue.

Hence, When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

Learn more about elasticity of demand:

brainly.com/question/24961010

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6 0

2 years ago

approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the mar

anyanavicka [17]

The question is incomplete. The complete question is :

A manufacturer believes that the cost function : $C(x) =\frac{5}{2}x^2+120 x+560$ approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the marginal cost goes beyond $210. What is the most units the manufacturer can produce and still make a profit? What is the total cost at this level of production?

Solution :

Given the cost function is :

$C(x) =\frac{5}{2}x^2+120 x+560$

Now, Marginal cost = $\frac{d}{dx}C(x)$

So, if the marginal cost = $ 210, then the manufacturer also makes a profit and if it goes beyond $ 210 than the manufacturer cannot make a profit.

Therefore, we have to equate : $\frac{d}{dx}C(x)= \$ 210$

$\frac{d}{dx}C(x)= \frac{5}{2}(2x)+120 = 210$

$5x + 120 = 210$

$5x=210-120$

$5x=90$

$x=45$

So when x = 45, then C(x) = $ 8042.5

Therefore, the manufacturer $\text{can make up}$ to 45 units and $\text{still makes a profit.}$ This leads to a total cost of $ 8042.5

3 0

3 years ago

Tyler Jones is authorized to prepare and sign checks for the company. He also enters the checks Into the ledger. He wrote a $500

Natali [406]

Answer:

A. All checks require two signatures.

Explanation:

Internal controls refer to the checks and balances that an organization puts into place to ensure its financial transactions' integrity. They are the measures and regulations that safeguard against fraudulent transactions, especially in the finance department. Internal control protects business assets from theft and misuse by malicious employees.

Requiring all transactions to be approved by a senior officer is a control measure that would have prevented Tyler Jones from succeeding in stealing. In this case, the check would have to be signed by a second person. The second signature serves as an approval.

3 0

3 years ago

After researching many different shoes, Chris narrows down his choice to these two. Which shoes are the best deal?

Ad libitum [116K]

The answer is b hope this helps!

5 0

4 years ago

Trevor restores antique cars and sells them for profit. This is an example of _____ income.a.capital gains

scZoUnD [109]

Answer:

a.capital gains

Explanation:

Capital gains income -

It refers to the increase in the amount of the capital asset , where the amount received from selling the asset is more than the amount at the time of purchase , is referred to as capital gains income.

This gain can be long term as well as short term , and the amount of the asset can not be estimated , until and unless the asset is sold in the market.

Hence, from the given scenario of the question,

Trevor is practicing , capital gains income.

7 0

3 years ago

Read 2 more answers