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
mezya [45]
3 years ago
7

What percentage of a tax will the demander pay if price elasticity of supply is 0.3 and price elasticity of demand is 0.7? What

percentage will the supplier pay?
Business
1 answer:
irina [24]3 years ago
7 0

Answer:

The correct answer is: 70%.

Explanation:

According to the information in the case:

  • Price elasticity of supply: 0.3
  • Price elasticity of demand: 0.7

The percentage of the tax burden on the supplier is calculated in the following way:

Tax burden on the supplier = \frac{Elasticity of demand}{Elasticity of supply + Elasticity of demand} x 100

Tax burden on the supplier = \frac{0.7}{0.3 + 0.7} x 100 = 70

Therefore, <em>the tax burden on the supplier is 70%.</em>

You might be interested in
The following information pertains to Alpha Computing at the end of 2015:
mel-nik [20]

Answer:

The amount of dividends the company paid in 2015 is $95000.

Explanation:

Dividends is paid from the net income of the company and the net income includes retained earnings balance at the end of each financial year.

Assers = stockholders equity(stock + retained earnings) + liabilities

$980,000 = $395,000 + retained earnings + $437,500

retained earnings = $147500

net income = dividends + retained earnings

dividends = net income - retained earnings

                 = $242,500 - $147500

                 = $95000

Therefore, the amount of dividends the company paid in 2015 is $95000.

5 0
3 years ago
A consumer goods company segments its markets on the basis of purchase patterns of their customers. The company groups its produ
Inga [223]

Answer:

Segmentation based on product usage

Explanation:

This is the process where by a Market research is carried out to know the frequency of the customers product usage there by allowing the company to be able to align its product with the given statistics. In other to push up the product usage advertisement campaigns are made to let the customers understand new uses of the products.

4 0
3 years ago
If you invested $250 at 16% how much will have after 4.5 years
Iteru [2.4K]

Answer:

$180

Explanation:

$250 * 0.16 * 4.5 = $180

6 0
2 years ago
Read 2 more answers
Studies of the effects of immigration into the United States from Mexico tend to find that the big winners are the migrants them
Cerrena [4.2K]

Answer: Please refer to the explanation section

Explanation:

the question is incomplete, example in problem 6 in not provided , how ever the question is clear enough with regards to what is required we will explain the effects of migration in the united states economy.

Many Sectors in the economy of the united states, have benefited and continue to benefit from the immigration into the united states from mexico. When Mexicans migrate to the United states different sector benefit because of the expanded skilled and semi skilled workforce. Hospitality sector, construction sector, Business sector benefits from the migration of Mexicans to the united states even the government does benefit because more workers more tax collected. however there are costs associated with immigration for mexico and united states with mexico loosing skilled labour.  The big winners in immigration are immigrants them selves.

Immigrants get access to quality services and their standard of living improves because of working and living in a developed country like The united states.

Immigration would increase rapidly if borders were open with no restrictions on immigration, an increased number of people migrating to the United State will end up creating more costs than benefits for the country. Unemployment rate will increase because there would more work than jobs available.

8 0
4 years ago
Suppose that you are a student worker in the statistics department and they agree to pay you using the random pay system. Each w
artcher [175]

Answer:

The probability of getting paid more than $6500 in 100 weeks is 0.6%

Explanation:

In this problem, we need to define a probabilty distribution for the money earned.

The 100-week payoff can be expressed as

PO=40*L+80*H=40*(100-H)+80*H=4000+40H

Being L the numbers of weeks we have low pay and H the weeks we have high pay.

Now, as it is a coin flip, H is a binomial random variable with p=0.5 and n=100

For a total pay off of more than 6500, H has to be

6500=4000+40H\\\\H=2500/40=62.5

That means that in at least 63 of the 100 weeks we have to get a high pay.

P(H\geq 63)=1-\sum_{i=1}^{62} P(X_i)

If we compute the individual probabilities we get P(H≥63)=0.006 or 0.6%.

8 0
4 years ago
Other questions:
  • Adrianna is a research analyst in the New York Stock Exchange. Her job requires her to forecast demand for various companies' st
    8·1 answer
  • The following cash flow data for Rocket Transport:
    12·1 answer
  • The inclusion of leases on the balance sheet as an asset and liability has lowered firm’s debt-to-equity ratio.True / False.
    5·2 answers
  • Which of the following would further an economic goal of efficiency?
    5·2 answers
  • Ashton Corporation is headquartered in Pennsylvania and has a state income tax base there of $549,000. Of this amount, $77,000 w
    10·1 answer
  • Differentiate relationship between denotation and canotation
    12·1 answer
  • Which is most likely the result of healthy competition in the market?
    8·1 answer
  • California Company included the following items in its financial statements for ​, the current year​ (amounts in​ millions):
    6·1 answer
  • Drivers must stop at red lights so that they do not get in car accidents. This is an example of
    10·2 answers
  • Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my curren
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!