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andrey2020 [161]
3 years ago
11

The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the​ tax? Under what

conditions will producers pay most of​ it? A. It depends on who is legally obligated to pay the tax. Typically consumers are required to pay the tax and therefore bear most of the burden. B. If demand is relatively more elastic than​ supply, consumers will pay more of the tax. C. If demand is relatively less elastic than​ supply, consumers will pay more of the tax. D. It depends on who is legally obligated to pay the tax. Typically producers are required to pay the tax and therefore bear most of the burden
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.

So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.

If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.

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At Westco Company, a mission statement is presented to all new employees promoting the philosophy that all departments depend on
sineoko [7]

Answer:

The answer is: interdependence systems approach

Explanation:

refers to the idea that an organization as a whole is the result of the combination of smaller combined systems that exist within it. These smaller systems are autonomous form each other but they also depend on the performance of other systems that exist inside the organization. If one system fails, the whole organization will fail.

7 0
3 years ago
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has incr
yanalaym [24]

Answer:

Note: labor productivity = 2.344 loaves per labor hour

Answer: 2 workers

Explanation:

Current production: 1600 loaves per month

Manpower hours: 160 hours a month

Productivity: 2.344 loaves per hour

To hours taken to produce 1600 loaves per month at productivity level

= 1600/2.344 = 682.59 labor hours

Each worker works 160 hours per month, ∴ total number of workers that worked for 682.59 labor hours = 682.59/160 = 4.27 workers ≈ 5 workers

(Assuming the approximation to 5 workers)

Increased demand by 45% would mean: 1.45 * 1600 = 2320 loaves per month

To hours taken to produce 2320 loaves per month at productivity level

= 2320/2.344 = 989.76 labor hours required

At a work rate of 160 hours per month: 989.76/160 = 6.19 workers ≈ 7 workers required

This would imply an addition of 2 to the existing number of 5

7 0
3 years ago
As a delegate to the World Trade Organization, Kate stated during negotiations that the same rules and regulations that applied
Morgarella [4.7K]

Answer:

Principle of National Treatment

Explanation:

The World Trade Organization (WTO) established the principle of national treatment in order for the member states to treat foreign products equally to domestic products. This means that any legally imported good should receive the same legal treatment as domestically produced goods, e.g. they have to be taxed the same way.

8 0
3 years ago
Current Forecast is 2500 units, current 1st shift capacity is 1300 units. Market growth rate is 10%. How much capacity do you ne
Afina-wow [57]

Answer:

250 units

Explanation:

Calculation to determine How much capacity do you need to buy for next round

Using this formula

Next round capacity needed=Current Forecast*Market growth rate

Let plug in the formula

Next round capacity needed=2500 units*10%

Next round capacity needed=250 units

Therefore How much capacity do you need to buy for next round is 250 units

3 0
3 years ago
A local radio commercial costs $600 and reaches an estimated 10,250 listeners. A local cable commercial costs $1000 and reaches
erik [133]

Answer:

b. The cable commercial

Explanation:

CPM or cost per mille is a measure used in advertising to determine how effectively a promotional message is getting to its audience. It is the cost of getting an advert in front of 1,000 people.

In this scenario when we calculate CPM for the radio station

$600 = 10,250 listeners

x= 1,000 listeners

Cross multiply

x= (600 * 1,000) ÷ 10,250 = $58.54

For the local cable commercial

$1000 = 18,500 viewers

y = 1,000 viewers

Cross multiply

y= (1,000 * 1,000) ÷ 18,500= $54.05

6 0
3 years ago
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