Answer:
dragons were mithecal creatures
Explanation:
Answer: a) $6
b) Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $3 per bottle.
c) False
Explanation:
a) The amount of tax paid on a bottle can be calculated as,
Amount of tax = Price paid by consumers - Price received by producers
Amount of tax = 7 - 1
Amount of tax = $6
b) The tax burden on the consumer is given by,
Tax burden of consumers = Price paid by consumers - Pre-tax Price
Tax burden of consumers = 7 - 4
Tax burden of consumers = $3
Tax burden of producers = Pre-tax price - Price received by producers
Tax burden of producers
Tax burden of producers = 4 - 1
Tax burden of producers = $3
c) False
Quantity sold does not change depending on who is taxed between the producer and the supplier.
Answer:
$8,300
Explanation:
Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1
Using this formula
Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2
Let plug in the formula
Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)
Incremental Profit of option 2 over option 1= $10,800 - $2,500
Incremental Profit of option 2 over option 1= $8,300
Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300
Answer:
A. $0
Explanation:
The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.
Answer:
Case study.
Explanation:
Case study is a process or record of research into the development of a particular person, group, or situation over a period of time.
