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AVprozaik [17]
3 years ago
10

The following scenarios describe the price elasticity of supply and demand for a particular good. All else equal (equilibrium pr

ice, equilibrium quantity, and size of the tax), in which scenario will government revenues be the highest? Choose only one.
a. Elastic demand, inelastic supply.
b. Inelastic demand, inelastic supply.
c. Elastic demand, elastic supply.
d. Inelastic demand, elastic supply.
Business
1 answer:
melamori03 [73]3 years ago
6 0

Answer:

. Inelastic demand, inelastic supply. 

Explanation:

If demand is inelastic, a small change in price has little or no effect on the quantity demanded.

If supply is inelastic, a small change in price has little or no effect on the quantity supplied.

Government tax increases the cost of a good. If tax is levied on a good and both demand and supply are inelastic, government revenue would increase and be the highest when compared to the other options.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

If demand or supply is elastic and government imooses tax, revenue would fall as quantity demanded would fall.

I hope my answer helps you

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In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $22,000 and ending
saul85 [17]

Answer:

The total cost to be accounted for under the weighted-average method would be $184,000

Explanation:

Given information ,

Beginning work in process inventory = $22,000

Ending work in process inventory = $27,000.

The cost of units transferred out from the department =  $157,000

Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.

Total cost = The cost of units transferred out from the department + Ending work in process inventory

= $157,000 + $27,000

= $184,000

Thus, the total cost to be accounted for under the weighted-average method would be $184,000

7 0
3 years ago
18) Any consideration of the true costs of sprawl must include ________. A) the restoration of natural areas in inner cities B)
skad [1K]

Answer:

Option D.

Explanation:

Any consideration of the true costs of sprawl must include the increased use of fossil fuels

Fossil fuel is a fuel formed from the decayed plants and animals that have been converted to crude oil, coal or natural gas over hundreds of millions of years by exposure to heat and pressure in the earth's crust.

Option D. is correct.

8 0
4 years ago
On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and Decem
konstantin123 [22]

Answer: $9,009

Explanation:

To find the Effective Interest Rate, you should convert the stated interest rate into a semi-annual interest rate as that is when interest is payable.

Effective interest Rate = 10% Per annum

= 10/2

= 5%

5% is to be paid Semi-annaully.

Interest Expenses for the first 6 months is therefore,

= Issue Price * effective interest rate

= 180,181 * 5%

= $9,009

$9,009 is the amount of effective interest expense that should be recorded for the six months ended June 30, Year 1.

4 0
3 years ago
Why are we forced to make choices in day-to-day life?
VikaD [51]
Limited resources is what I'm assuming as we mostly use non-renewable resources like fossil fuel
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3 years ago
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Sharon realizes that she needs additional research before she approaches potential investors. What kind of research should she d
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She needs to calculate how much her item costs to make. She might also need to know her revenue 
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