Answer:
C. There are more substitutes for Cheerios than for cereals as a whole
Explanation:
Since in the question it is given that the demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole as because there are more substitutes for Cheerios as compare to cereals because in the case of substitute goods, there is a positive relationship between the price of good B and the demand of good A. It means if the price of good B decline. then the demand of good A is decreases and vice versa
Answer:D. 0.05 x (l-t*) = 0.07
Explanation: The break even tax rate is the tax rate at which industry players don't find it advantageous or disavantageous to invest in an economy, any tax rate higher than the break even tax rate will cause investors to loss certain amount of profits.
A tax rate below the break even tax rate will cause investors to want to make investment decisions as it will be beneficial and profitable to invest more money into the economy.
Calculation:
7/100=5/100(I-t*),the break even tax rate can be expressed as
=0.07=0.05*(I-t).
The answer
is False, whereas training focuses on specific job-related skills, development
is aimed at helping managers improve more general skills such as time
management, motivating employees, and solving problems. <span>Cognitive
ability tests are seen as aptitude tests because they focus on the question of
whether the person will be able to perform some specific task in the future.</span>
consumption and production of the taxed product are reduced below the level of allocative efficiency which would occur without the tax.
Answer: Activity based costing "<u>a. groups costs into meaningful buckets that are then distributed based on the activity or product they support.".</u>
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Explanation: This system is based on the fact that the products consume activities and the activities resources (costs). Thus, if you have information on what each activity costs and what activities are necessary for the generation of each product, then you can know how much each product costs from the activities that constitute it.
