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MaRussiya [10]
3 years ago
14

Consider two cities, City A and City B, which are entirely identical except that Uber operates in City A, but not in City B. Con

sumers in City A can choose between Uber and a taxi when selecting a means of transport, while consumers in City B can travel only via taxi. When the government imposes a tax on taxis in City A and City B, the price of a taxi ride will increase _______ in City A than in City B.
Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer:

Less

Explanation:

In the given scenario taxi prices will go up less in City A than City B. This is because in City A we have both Uber and taxis, and there is substitution. If customers don't have taxis they will commute by Uber. So demand for taxis in City A will be elastic. An increase in price will result in a large decrease in demand. Taxi drivers will cautiously increase prices here.

In City B the only option for commuters is the taxi, so the demand will be inelastic. As price increases there is relatively little change in quantity demanded. Taxi drivers can increase prices more here without losing customers.

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Identify the risks exist in the conversion cycle of Central Production Limited.
11111nata11111 [884]

Answer:

Authorization of transactions:- Because of unclear subjugation, there is a potential risk of entering a money transfer again and again. To minimize this, all workers should adopt the rules for specific purchases, such as maintaining a set pricing list and guarantee a limited error distance.

Explanation:

The following are the risks which currently exist in the Central Production Limited conversion cycle:-

  • Lack of a "Maker and Checker" concept:- It is important because it executes the role of a sort account executive to check that the instructions and demands presented are correct and are not replicated. It would be extremely effective that someone in a position of power and authority might supervise certain rates and with certain operations.
  • Use of Hard-copies:- The production center supervisor will temporarily suspend the use of such hard copies for each production process. It is not only a resource loss, but risks being lost or duplicated as well. It really would give them a better chance if all online requests could be collected which would be far more effective and could be seen by all stakeholders. It will also lead to better leadership and faster distribution of information.
  • Wastage:- Tests should be in place to determine why additional material is needed above the normal volume, and it should be approved by a senior authority to the superintendent of the production line.
  • Supply Chain Management:- Interactions between a variety of agencies are too many. Use an ERP (Enterprise Resource Planning) device to help in streamlining the entire process flow will serve them well.
5 0
3 years ago
Three years ago, James Matheson bought 300 shares of a mutual fund for $23 a share. During the three-year period, he received to
pochemuha

Answer:

1350

Explanation:

(300 x 0.70) + (300 x 0.80) + (300 x 26)

= 210+240+7800

=8250

8250- (300 x 23)

8250-6900 = $1350

Therefore his total return for this investment is 1350

7 0
3 years ago
Read 2 more answers
Craydye Corporation manufactures a part for its production cycle. The costs per unit for 8,000 units of this part are as follows
irakobra [83]

Answer:

Make; $72,000

Working:

Make ($106*8000)                         848,000

Buy [($120*8000 - 40,000)]           920,000

Make increases profits by              72,000

7 0
3 years ago
Read 2 more answers
TriStar Company, a small biotechnology firm, has borrowed $250,000 to purchase laboratory equipment for gene splicing. The loan
Komok [63]

Answer:

$54,078.85

Explanation:

This is a Time Value of Money question, We are required to find the Payment (Pmt) from the following given parameters :

Pv = $250,000

i = 8%

n = 6

P/yr = 1

Fv = $ 0

Pmt = ?

Pmt = <em>$54,078.85</em>

Therefore Payment per year is <em>$54,078.85</em> (using a financial calculator)

8 0
3 years ago
Brief Exercise 12-05 Nabb &amp; Fry Co. reports net income of $31,000. Interest allowances are Nabb $7,000 and Fry $5,000, salar
il63 [147K]

Answer:

The calculation is shown below:

Explanation:

The distribution of income is shown below:

Particulars           Nate Frank Total

Interest Allowance $7,000 $5,000 $12,000

Salary Allowance $15,000 $10,000 $25,000

Total                        $22,000  $15,000  $37,000

Remainder (Equally) ($3,000)  ($3,000) ($6,000)

Net Income                $19,000  $12,000  $31,000

The remainder amount is come from

= $37,000 - $31,000

= $6,000

We simply added the interest allowance and the salary allowance and then deducted the remaining income so that the net income could come

8 0
3 years ago
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