1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuki888 [10]
3 years ago
13

1. Problems and Applications Q1 Suppose the demand for classical music concert tickets is downward sloping and the supply of cla

ssical music concert tickets is upward sloping. Lovers of classical music persuade Congress to impose a price ceiling of $40 per concert ticket. True or False: If the equilibrium price of concert tickets were $30, a price ceiling of $40 will cause more people to attend classical music concerts than if there is no price control. True False
Business
1 answer:
Rudiy273 years ago
6 0

Answer:

False

Explanation:

As the ceiling of 40 dollar is above the equilibrium it will have no bidding It will have no impact the agents (musician offering the concerts and attendants) will not be affected for the policy.

Only when teh market equilibrium price increase as above this level it will be biddding and generate a contraction of the supply as their will not provide for 40 dollar when the market price is above this amount.

You might be interested in
____________ are sometimes called brand identities, are trademarkable devices that serve to identify and differentiate the brand
Tatiana [17]

Answer:

Brand Elements.

Explanation:

Based on the information provided within the question it can be said that the term being described are called Brand Elements. Like mentioned in the question this refers to different trademarkable elements that are used to express or represent a specific brand and set it apart from the rest of the market.

3 0
3 years ago
Which of the following students is most likely to receive a merit based scholarship?
bonufazy [111]
A student with a high academic score
8 0
3 years ago
Read 2 more answers
Variable Costing—Production Exceeds Sales Fixed manufacturing costs are $44 per unit, and variable manufacturing costs are $100
Soloha48 [4]

Answer:

a. The variable costing operating income is less than absorption costing operating income.

b. The difference in variable costing and absorption costing operating income is:

= $739,200.

Explanation:

a) Data and Calculations:

Fixed manufacturing costs per unit = $44

Variable manufacturing costs per unit = $100

Production units =  67,200

Sales units =          50,400

Ending inventory = 16,800

Income Statements             Variable        Absorption

                                             Costing           Costing

Costs of goods sold:        $5,040,000   $7,257,600

Fixed expenses                  2,956,800

Total costs                        $7,996,800   $7,257,600   $739,200

b) The difference in variable costing and absorption costing operating income is because of the absorbed fixed costs in ending inventory, which is now carried forward to the next accounting period.

4 0
2 years ago
Choose the letter of the item that best completes the statement or answers the question. Last year Jackson earned $500,000, Vele
Vitek1552 [10]

1. According to their states’ tax laws, which require each one to pay a tax of $500 despite their different earnings, the best description of the tax is <u>(c) regressive</u>.

<h3>What is a regressive tax system?</h3>

A regressive tax system is one where taxpayers pay a disproportionate share of the tax burden, given their earning levels.

A regressive tax system is not proportional or progressive.

2. An example of an excise tax is (b) tax on perfume.

3. The amount Rose Chin paid for the purchase of school supplies based on the state sales tax of 5% is <u>a) $12.60</u> ($12 x 1.05).

4. An example of a property tax is a) a tax based on the value of one's home.

5. The best example of the ability-to-pay principle is <u>b) income tax</u>.

6. An example of a tax based on the benefits-received principle is (a) bridge toll.

7. In the United States, taxes are used to accomplish all of the following except (c) determine which brands consumers buy.

8. For the apartment tenants, the tax is <u>d) a sales tax</u>.

9. The ultimate tax-burden bearer in question 8 is <u>(d) the tenants</u>.

10. An example of a protective tariff is (d) tax on the importation of foreign-made cars.

Thus, while income tax is mostly progressive in the United States, sales taxes are proportional, while some taxes are regressive because the amount paid is fixed and does not depend on the ability-to-pay principle.

Learn more about tax systems at brainly.com/question/12890967

#SPJ1

5 0
2 years ago
If Roten Rooters, Inc., has an equity multiplier of 1.52, total asset turnover of 1.20, and a profit margin of 6.2 percent, what
Katarina [22]

Answer:

11.30%

Explanation:

Roten rooters have an equity multiplier of 1.52

The total assets turnover is 1.20

The profit margin is 6.2%

= 6.2/100

= 0.062

Therefore the ROE can be calculated as follows

= 0.062× 1.52×1.20

= 0.1130×100

= 11.30%

Hence the ROE is 11.30%

7 0
3 years ago
Read 2 more answers
Other questions:
  • An accountant may compile a nonissuer's financial statements that omit all of the disclosures required by GAAP only if the omiss
    10·1 answer
  • The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different prod
    15·1 answer
  • dividends in arrears occur when the company doesn't pay dividends to a. Cumulative preferred stockholders. B.noncumulative prefe
    14·2 answers
  • Which of the following tasks would be very difficult using only a keyboard and text?
    7·2 answers
  • Traveler's checks have no reserve requirements and are included in M1. When people travel during the summer and convert some of
    10·1 answer
  • Mark the three choices that are true of a living trust.
    6·2 answers
  • Which diagram arranges the types of business organizations from the most
    12·2 answers
  • Managerial economics can be applied to the non-profit organizations too. Justify this statement?
    11·1 answer
  • When the fed buys government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate __
    12·1 answer
  • on january 1, 2021, adams-meneke corporation granted 15 million incentive stock options to division managers, each permitting ho
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!