Maria is you then, pretty sure
Answer:
0.21%
Explanation:
The tax rate which would be needed to balance the budget can be calculated by using the formulas below:
Tax rate (in %) = (budget amount)/(tax base)*100
Tax rate = $850,000/$411,000,000*100
Tax rate = 0.0020681265206813 * 100
Tax rate = 0.20681265206813 %
Tax rate = 0.21%
Answer: Option (D) is correct.
Explanation:
Correct option: A nation cannot have a comparative advantage in the production of every good.
A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.
While calculating the opportunity cost of producing a commodity, country takes into account both the commodities. Hence, it was not possible that a country is having comparative advantage in the production of every commodity.
Answer:
strategy 2
Explanation:
According to the scenario, computation of the given data are as follow:-
Particular Revenue from Low-value customers Add Revenue from high-value customers Total revenue from strategy
Accessories 1 Accessories 2
Strategy 1
($32 doll+$32 accessory) $32 ×1 + $32 × 1 + $32 × 1 + $32 × 2
$32 + $32 $32 + $64
= $64 = $96
Total = $64 + $96 = $160
Strategy 2
($3 doll + $61 accessory) $3 × 1 + $61 × 1 + $3 × 1 + $61 × 2
$3 + $61 $3 + $122
= $64 = $125
Total = $64 + $125 = $189
According to the analysis, strategy 2 gives more revenue than strategy 1.
