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kirill115 [55]
3 years ago
11

Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1

per frame levied on picture frames will decrease the effective price received by sellers of picture frames by
Business
1 answer:
Vladimir [108]3 years ago
5 0

Answer:

The decrease in the effective price received by sellers is between $0.51 and $1.

Explanation:

Given the demand for picture = Inelastic

The supply of picture frames = highly elastic

Levied tax on picutre frames = $1

It is given that the demand for the frames is highly inelastic therefore the response of the buyer will be less. That means the proportionate change in demand will be lower than the proportionate change in the price of a commodity. Thus, the answer will be between $0.50 and $1.

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The Cutting Department has 6,000 units in process at the end of September that are 100% complete for direct materials. The units
MArishka [77]

Answer:

equivalent units of production = 6,000 units

Explanation:

given data

process at end of September = 6,000 units

direct materials = 100%

direct labor and manufacturing overhead = 70%

solution

we get here equivalent units of production for the conversion cost that is

equivalent units of production = process at end × direct materials complete .........................1

put here value and we get

equivalent units of production = 6,000 units ×  100%

equivalent units of production = 6,000 units

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3 years ago
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Answer:

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5 0
2 years ago
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labwork [276]

Answer:     the difference between two numbers can be obtained by subtracting the smaller number from the bigger number.

• Here, - 0.4 is the smaller number, and 44.4 is the larger number.

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Explanation: follow meif you want to help more

8 0
2 years ago
The area that consumes the majority of a family’s income is
neonofarm [45]

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This is according to the Bureau of Labor Statistics' info for 2017.

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Angelina_Jolie [31]

Answer:

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Explanation:

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He was obsessed with increasing labor productivity. Most of his theories are considered archaic now, but he was the first man to really try to understand this concept. Most of his ideas still serve as a basis for modern management and some companies like McDonald's still follow several of his basic concepts like work specialization.  

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