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4 years ago

Custer County is considering raising revenues by imposing a $25 fee on couples who obtain a marriage license within the county.

Business

1 answer:

Andreas93 [3]4 years ago

8 0

Answer:

The payment serves as a fee for the service rendered by government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under law.

Explanation:

The payment serves as a fee for the service rendered by the government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under the law.

You might be interested in

If a regulatory commission imposes upon a nondiscriminating natural monopoly a price that is equal to marginal cost and below av

denpristay [2]

Answer:

The correct answer is letter "D": The firm must be subsidized or it will go bankrupt.

Explanation:

A subsidy is a benefit given to an individual, business or institution, typically by the government. Subsidies are given to promote a social good or economic policy. The government usually provides subsidies in the form of cash or tax breaks, low-rate loans, and certain types of rebates.

In the example, as the commission sets the price of the monopoly products below the average total cost, it will be translated in losses. Then, a subsidy will be necessary to be provided otherwise the company will file for bankruptcy.

3 0

3 years ago

Explain why a relative price is an opportunity cost. The money price of a pound of bananas is $0. 90 and the money price of a tu

dimaraw [331]

The opportunity cost is stated in relative pricing, that is, the price of one option in comparison to another.

When there are numerous vendors in a market but no one is significant enough to control the price of a product. Because both items must be produced, the relative price must match the opportunity cost. If the opportunity cost of one good is lower in the home country than so will be the relative price.

As bananas cost $0.90 per kg, so, if a toothpaste is for $2.25, we are forgoing 2.25 kgs banana (2.25/0.9). Thus, the opportunity cost is 2.5 kg bananas which is equal to the relative price of bananas.

Therefore, relative price is an opportunity cost.

To know more about relative price click here:

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6 0

2 years ago

Vandiver Company had the following select transactions:

Tamiku [17]

Answer:

1. April 1, 2017 Accepted Goodwin Company's 12-month, 10% note in settlement of a 30400 account receivable

Dr Notes receivable__30.400

Cr Accounts receivable______30.400

2.July 1, 2017 Loaned 32,400 cash to Thomas Slocombe on a 9-month, 8% note.

Dr Notes receivable__32.400

Cr Cash___________________32.400

3. Dec. 31, 2017 Accrued interest goodwin company

Dr Interest receivable_2.280

Cr Interest revenue_______2280

3. Dec. 31, 2017 Accrued interest slocombe

Dr Interest receivable_1.296

Cr Interest revenue_______1.296

4.Apr. 1, 2018 Received principal plus interest on the Goodwin note.

Dr Cash_33.440

Cr Notes receivable_____30,400

Cr Interest revenue________760

Cr Interest receivable_____2280

5. Apr. 1, 2018 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect

Dr Accounts receivable_33.944

Cr Notes receivable______32.000

Cr Interest revenue_________648

Cr Interest receivable______1296

Explanation:

Interest calculation Goodwin

Account receivable_30400

Interest rate_________10%

Interest___________3040 12 months

Interest___________2280 From april 2018 to december 2018

Interest____________760 From january 2018 to march 2018

Interest calculation Slocombe

Account recievable_32400

Interest rate_________8%

Interest__________2592

Monthly___________216

Interest__________1296 6 months interest

Interest___________648 3 months interest

6 0

3 years ago

The dry cleaning industry is in monopolistic competition. In the short run, the profit-maximizing price is $10 per item and t

vitfil [10]

Answer:

$ 0

Explanation:

Under monopolistic competition, firms reach equilibrium in the long-run: this equilibrium is a point in which the marginal cost of producing one additional unit of ouput are the same as the marginal revenue from the sale of the same additional unit of output.

In other words, in the long-run, firms under monopolistic competition can only break-even, they do no obtain economic profits.

4 0

3 years ago

Which industry accounts for about 80 percent of world trade?

storchak [24]

Explanation:

Shipping is the backbone of global trade, around 80% of world trade in goods is carried by the international shipping industry.

6 0

2 years ago