I just answered this to get a point sorry ☺
Answer:
TRUE
Explanation:
When supply is perfectly inelastic, the supply curve is vertical as shown in the attached plot. Thus, the tax that shifts the supply curve upward would have no effect on the equilibrium quantity or price paid by consumers. Since equilibrium quantity or price paid by consumer don't change there's no burden on them. However, no team's owners would receive a lower after tax price and thus bearing the entire tax burden.
Answer:
$69.41
Explanation:
Given that
D1 = 4.75
D2 = 5.25
D3 = 5.75
D4 = 7
g = 7% or 0.07
R = 15% or 0.15
Therefore,
D5 = D4 (1 + g)
= 7 × 1.07
= 7.49
Also,
P4 = D5/g × R
= 7.49/0.15 × 0.07
= 93,625
Thus,
P0 = 4.75/1.15 + 5.25/(1.15)^2 + 5.75/(1.15)^3 + 7/(1.15)^4 + 93.625/(1.15)^4
= $ 69.41357
Approximately
= $ 69.41
Answer: Option (F)
Explanation:
International trade tends to allow nations to expand their respective markets for commodities, goods and services which otherwise wouldn't have been available. As the outcome of the international trade, market tends to contain the greater competition, thus indirectly tends to have competitive prices, that further brings cheaper commodities home to consumer.
The vital point under this scenario is that within the past decade due to technological transformation the cost of communication has decreased drastically and thus has always impacted International trade.
The correct answer is D. None of the above.
All these which are given they are disadvantages of renting.
Some of the advantages of renting a home may determine with the style of living and financial situation of a person.
Some advantages of renting a home may include;
1. Landlord may be responsible for maintenance or any property which needs repair.
2. It is cheaper to rent than to own a house
3. There is a lot of flexibility when renting. For example, movement from one place to another.
