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Lina20 [59]
3 years ago
13

If marijuana were legalized, it is likely that there would be an increase in the demand for marijuana. If demand for marijuana i

s inelastic and the supply of marijuana is perfectly elastic, this will result in____________,
Business
2 answers:
frosja888 [35]3 years ago
8 0

Answer:

higher prices and higher total revenue from marijuana sales.

Explanation:

If marijuana is legalised the demand for it will rise and because of addiction the demand will remain high and be inelastic to price changes. Users of marijuana will be willing to pay high prices for it.

If supply is elastic, meaning an increase in price will result in increased supply, and decrease in price will result in decreased supply. Then suppliers will meet the high sand but at a high price.

This will result in high price and high revenue from marijuana.

scZoUnD [109]3 years ago
8 0

Answer:

eventually it would end up in a higher percentage of drug addicts,however it would have a higher percentage of revenue.

Explanation:

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When unemployment is lower overall nationwide, this means that, in general, employees have more what?
Rus_ich [418]

Answer:

b. choices

Explanation:

Low unemployment means a big percentage of the labor force is actively engaged in income-generating activities. Adults seeking employment can easily find work. A country experiences low unemployment when the economy is growing at a high rate. Different sectors of the economy create many job opportunities when the economy is growing.

When they are many job opportunities in the market, employees have options. They can switch jobs without much struggle. Employers are compelled to compensate workers well to retain them.

3 0
3 years ago
Should i started to watch avengers?​
jeka57 [31]

Answer:

YESSS!

Explanation:

Its a very very very good movies that they make :)

5 0
3 years ago
Read 2 more answers
Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location an
Triss [41]

Answer:The answer is 1 B, 2.the giving up of her $50,000 per year job as an accountant, 3.True

Explanation:

The opportunity cost can be define as a sacrifice whether on the side of an individual, a firm or government. The opportunity cost is the forgone alternatives in order to acquire a product or a services. To an individual, who aims at maximizing his utility from his limited available resources he will have to allocate these limited resources to those wants that are most important. Opportunity cost help an individual to make a judicious use of his scarce resources. .The opportunity cost is also important to a firm because the firm has to choose to allocate its limited available raw materials in the production of a particular product with high demand at the expense of other products with low demand in order to maximize profit.

The opportunity cost to the government is in the preparation of the budget, the government can decide to allocate the available resources to the sector of the economy which is of high priority such as education at the expense of other sectors of the economy.

7 0
3 years ago
In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company
DIA [1.3K]

Answer: b. Matching

Explanation: The matching principle as an accounting practice states that all expenses must be matched in the same accounting period as the revenues they helped to earn. It recognizes revenues and related expenses of firms in the same accounting period. The matching principle helps in the avoidance of misstated earnings for a period.

Therefore the warranty expense note exemplifies Apple's use of the matching principle.

8 0
3 years ago
You deposit a $100 check from a friend in your account. A couple of days later, you buy $45.20 worth of groceries and pay with a
igomit [66]

Answer:

The correct answer is, $121.2

Explanation:

You went for grocery and paid the bill through check.

Amount of grocery purchased: $45.20

You check bounced and you owe bank $25 because you didn't have much balance in your account that you paid for the groceries.

Your bank did an additional transaction of debiting your account with $25 for the bouncing of your check.

Grocery store sent you the letter to tell that you owe them $25 for the bounced check

You will have to pay again $45.20

Money order fee: $1

So the amount that you actually spent on groceries would be:

$45.2(real grocery amount) + $25(you owe to bank for bouncing your friend's check) + $25( Your check bounced) + $25(grocery store charged due to bounced check) + $1(money order)

= $121.2

So you are actually charged $ 121.2 for the groceries.

5 0
3 years ago
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