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Scrat [10]
2 years ago
9

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the

Business
1 answer:
Leviafan [203]2 years ago
6 0

Answer:

b. demand in more elastic than the supply.

Explanation:

Elasticity is defines as the measure of responsiveness of quantity demanded and supplied to changes in price.

In a situation where demand is more elastic than supply and tax is imposed, the suppliers can bear more cost due to tax without the quantity changing by much.

On the other hand when taxes are applied if sellers want to move it to buyers that have elastic demand, it will result in a big fall in the quantity demanded.

So the seller's bear the cost in this scenario because demand is elastic and will fall with small price increase.

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Because ________ often make it possible for young firms to provide services that are equivalent or superior to an incumbent, a n
kenny6666 [7]

Answer:

B. Digital Technologies

Explanation:

The term that goes in the blank line is Digital Technologies. These technologies are various different electronic tools, systems, devices, and resources that allow the firm to generate, store, and process data. These devices and systems give the firms the ability to compete and have an edge over the bigger firms of the industry by using them in a unique and more effective way towards accomplishing their end-goal and improving the customer's experience.

6 0
2 years ago
A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh
nasty-shy [4]

Answer:

(a)The implied cost of shortage per quart is = $4.75

(b) This could be viewed as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.

Explanation:

Solution

Given that:

Mean =μ = 40

Standard deviation =σ = 6

Excess cost= Ce =$0.35

The amount ordered =S₀= 49

Thus

Z =(49 -40)/6

=1.5

Now

From the Table Z, we have the service level which is,

P(X <49 ) = P(Z < 1.5)

= 0.9332

Since we know that,

Service level (SL) =Cs/Cs+Ce

So,

0,9332 =Cs/Cs+0.35

Thus

0.9332Cs + 0.35* 0.9332 =Cs

0.0668Cs =0.32662

Hence

Cs = $4.75

(a) The implied cost of shortage per quart is = $4.75

(b) Therefore,this could be regarded as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.

5 0
2 years ago
If you are accused of a criminal act, you can substantially lower your legal costs by _____.
evablogger [386]
B. By accepting a public defender (since then you wouldn't have to pay for a lawyer)
3 0
3 years ago
Read 2 more answers
Jane recently accepted a position as an Associate Professor of Management at Central State University. She has found that nearly
Lapatulllka [165]

Answer:

Education Administrators

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Education Administrators: It is a position created by education institution for smooth functioning of institution. Education Administrator manage day to day activity, resources, etc of education institution.. This is an important role to check the functioning of institution as they support teaching staff in learning program strategy and improvement of facility for future development and growth of institution. They are the one, who also influence and motivate other employee to work toward goal of institution.

In the given case, Jane recently accepted a position as an Associate Professor of Management at Central State University, where she need approval from school adminstrator for all every administrative decision she makes. Therefore, the university has Education Administrators.

8 0
3 years ago
When the cost method is used to account for an investment, the carrying value of the investment is affected by a.the earnings an
Dmitrij [34]
Dividends of the invested
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