Answer:
It can be concluded about the elasticity of demand and supply prices that supply is more elastic than demand
Explanation:
Price in the market is determined by demand and supply, it is measured in terms of the variables quantity and variables price. When a tax is placed on a product, it generate a change in the market equilibrium, this is because buyers pay more and sellers receive less.
Therefore, a tax causes the supply curve to move up and the demand curve to move down.
To know the distribution of tax, the incidence is measured through the elasticity of the supply and demand curve, which measures the sensitivity of the quantity, demanded of products before a price change.
If the supply curve is more elastic than the demand curve, this is because when the price paid by consumers increase more than the price the sellers receive decreases, the impact of the tax is stronger for consumers.
The total tax on a unit of bottled water =
$2.50 - $2 = $0.50
$2 - $1.75 = $0.25
$0.15 + $0.25= $0.75
Answer:
The correct answer is letter "C": CIO.
Explanation:
The CIO or Chief Information Officer is the high executive responsible for all the Information Technology (IT) systems of a company at the process level and from the planning point of view. The CIO analyses the benefits the firm can take from new technologies, identifying which ones are of the interest of the company and evaluating its functioning.
Complete Question:
Baldwin's workforce complement (number of employees) will grow by 10% next year. Baldwin spends the same amount extra above the $1,000 recruiting base, which is $694 per employee. Complement/work force was 434 and New Hires were 67 for last year. What will they spend this year on recruiting this year?
Answer: $84,700
<u>Explanation:</u>
Total employees = 434 + 67 = 501
As mentioned in the question that Baldwin's workforce will increase by 10%.
Hence, existing employees x 110% = 501 x 110% = 551 (Ignore the decimal as employees cannot be in decimal) Increase of 50 employees
Baldwin will spend $694 + $1,000 = $1,694
Therefore, for 50 employees he would spend $1,694
Baldwin would spend a total of (50 x $1,694) = $ 84,700
payments that must be received by resource owners to insure the resources' continued supply