Answer:
An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.
Explanation:
The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.
Answer:
Option "C" is the correct answer to the following question.
Explanation:
If the Toyota company was unable to supply vehicles due to unexpected acceleration problems, it reflected both legal and ethical losses. On the moral side, the Toyota company will suffer a loss of reputation, assuming the Toyota company was misrepresenting, while the Toyota company will also face legal problems.
Answer:
john, who was a broker at AP investment, used to avoid under performing and unsuitable products for clients acting in their interests. He was being pushed to sell AP investment's products than act in client’s interest. He reported the issue to his supervisors and colleagues, that was illegal as per firm’s legal requirements but at the same time it was ethical to act in the best interest of his clients.
Explanation:
An ethical obligation is a requirement to act in accordance with, or to refrain from violating, a recognized standard of right and wrong, whether set out in a professional, or a personal, code of ethics. Some ethical obligations for professional persons, including lawyers and doctors, may also be codified into law.
Legal obligations derive from the law, a system of rules which is applicable to the whole of a particular society, and is enforced through its institutions. The law seeks to facilitate relations between members of society by clarifying their rights and responsibilities, balancing their interests, and regulating the behavior of individuals and groups in accordance with that balance
Answer: $32.23 per labor-hour
Explanation:
To solve the question, we need to first calculate the estimated total manufacturing overhead which will be:
= $906,732 + ($6.76 per labor-hour × 35,600 labor-hours)
= $906732 + $240656
= $1,147,388
Predetermined overhead rate will then be:
= $1,147,388 / 35,600 labor-hours
= $32.23 per labor hour
Answer:
The most suitable answer is B. Investors should take more risk when they are younger and then switch to safer investments as they age
Explanation:
Although we can never predict the risk 100%, we can always see the probability. Depending on this, a young investor should take risks and decrease the risk factor in their investments as they grow older.
Mainly this is because when they are young they have the ability to over their loses if they occur, over the time. Yet when they are older time is ot on their side, and their loses may other email covered and their loss burden may be transferred to their family members once the investor is gone.
