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inna [77]
3 years ago
7

Taxes on goods with __________ demand curves will tend to raise more tax revenue for the government than taxes on goods with ___

_______ demand curves.
Business
1 answer:
san4es73 [151]3 years ago
7 0

Answer:

Inelastic; elastic

Explanation:

Goods with inelastic demand curves tend to raise more government revenue compared to goods with the elastic demand curve. An increase in price does not affect the demand of inelastic goods and it remains the same, that is why, governments usually increase the prices of goods that have inelastic demand curve, for example, petrol and toll tax, etc.

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What is one issue on which economists commonly disagree?give an example of each argument?
Vesna [10]

Answer:

quality and price of product

5 0
3 years ago
A shoe factory has an elasticity of supply of .5 as the price if shoes raises from $50 to $75. if the factory produced 100,000 s
lidiya [134]
E S ( elasticity of supply ) = .5 ( supply is inelastic: E S < 1 )
The formula is:
E S = Δ Q / Δ P * P / Q,
where: Δ Q is the change in quantity, Δ P is change in price, P is initial price and Q is initial quantity.
.5 = Δ Q / 25 * 50 / 100,000
Δ Q = .5 * 25 * 100,000 / 5
Δ Q = 25,000
Quantity at the new price: Q ( new ) = 100,000 + 25,000 = 125,000 
4 0
3 years ago
Read 2 more answers
Assume the stock return for the next month is a random variable that follows a Normal distribution with the mean 1.5% and the st
EleoNora [17]

Answer:

Check the explanation

Explanation:

The price of the original asset is the same amount as the expected future price which are being discounted at the risk-free rate.

Price of Customized Derivative= Probability of return>0.2%*Pay off+ Probability of Return<0.2%*Payoff/(1+r)^T

= 0.5*$4000000+0.5*$1000000/(1+0.002)^1

=2000000+500000/1.002

=2000000+499001.99

$2499001.99

8 0
3 years ago
Abner Corporation makes a product that sells for $200 per unit. The Variable Costs per unit are $120. Fixed Costs total $500,000
weqwewe [10]

Answer:

6,250 units to break even.

Explanation:

Let's call x the number of units needed.

We know the sales price ($200/unit).

We know the cost of production ($120/unit)

And to break even, the Abner Corporation need to cover their fixed costs of $500,000.

That can be modeled like this:

200x - 120x  = 500000 (sales price - cost price to get 500K)

we simplify and solve:

80x = 500000 (making $80 profit for each unit)

x = 6,250 units

Abner Corp needs to sell at 6,250 units to break even.

Since it is selling 7,500 units, they are making a profid.

4 0
3 years ago
Accounts receivable is categorized as an?
BigorU [14]
Current asset under Balance Sheet. :)
8 0
3 years ago
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