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Marianna [84]
3 years ago
14

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the:

Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer:

The correct answer is option ii.

Explanation:

In the case of imposition of tax on a good, the suppliers will bear the greater share of burden if the demand is more elastic than the supply.  

The imposition of tax leads to an increase in the price of the product. If the demand is more elastic, the quantity demanded will decrease to a greater extent with the increase in price.  

The supply being less elastic will change to a smaller extent, thus a greater tax burden will be borne by the suppliers.

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In one day madison laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. what was its productivity?
JulijaS [17]

Per wash load, productivity is $0.47.

<h3>Define productivity.</h3>

A common definition of productivity is the ratio of input volume to output volume. In other words, it assesses how effectively an economy uses labor and capital as production inputs to create a particular amount of output.

Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.

It is computed by dividing a company's outputs by the inputs it used to achieve those outputs.

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5 0
2 years ago
10. Which of the following scenarios would best exemplify Adam Smith's view of best serving the
nordsb [41]

E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them

Explanation:

8 0
3 years ago
Income Statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March fo
IrinaVladis [17]

Answer:

Total Expense:      $ 347,000

Income:    $ 135,000

Explanation:

<u><em>Income Statement Imaging Services </em></u>

<u><em>For the Month Ended March 31, 2018</em></u>

Fees earned                                                                          $482,000

Wages expense                                      $ 300,000

Rent expense                                                $41,500

Supplies expense                                           $3,600

Miscellaneous expense                                   $1,900          

Total Expenses                                                                         $ 347,000

Income                                                                                       $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.

7 0
3 years ago
Read 2 more answers
When working with international firms, U.S. businesses Multiple Choice expect socially responsible behavior from their business
Brilliant_brown [7]

When working with international firms, U.S businesses expect socially responsible behavior from their business partners.

<h3><u>Why do U.S businesses increasingly focus on international businesses?</u></h3>

American businesses are aware that doing business abroad will boost productivity and broaden their population, which will promote economic expansion. Since the beginning of time, there have been numerous international exchanges, and American businesses now recognize the advantages of offering their services abroad.

To cut costs, some US companies relocate abroad. To grow their business, other companies venture abroad. Many companies can successfully operate on a global scale.

You can learn more about international business using this link:

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4 0
2 years ago
Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. T
Kamila [148]

Answer:

a global strategic alliance

Explanation:

A global strategic alliance is established between two or more countries that are established on different countries. In this case, TJ's headquarters are in the US and the other game company's headquarters are in Thailand. This type of alliance is very common when companies want to enter new international markets. For example, Volkswagen Group is the largest car manufacturer in the world, even though its headquarters are located in Germany, around 50% of the cars it sells are produced in China through a series of strategic alliances with Chinese car manufacturers. It was the first western car manufacturer to start producing cars in China and it really paid off for them. Its share of the Chinese car market is currently around 25%.

7 0
3 years ago
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