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Lady bird [3.3K]
3 years ago
5

If marijuana were legalized, it is likely that there would be an increase in the demand for marijuana. If demand for marijuana i

s inelastic and the supply of marijuana is perfectly elastic, this will result in a. the same price but lower total revenue from marijuana sales. b. higher prices and higher total revenue from marijuana sales. c. higher prices but lower total revenue from marijuana sales. d. the same price and higher total revenue from marijuana sales.
Business
1 answer:
Mkey [24]3 years ago
4 0

Answer:

C. Higher prices but lower total revenue from marijuana sales.

Explanation:

The above scenario totally explains inelastic demand. Inelastic demand is when the buyer’s demand does not change as much as the price changes. When price increases by 20% and demand decreases by only 1%, demand is said to be inelastic.

When the price increases, people will still purchase roughly the same amount of the good or service as they did prior to the increase because their needs stay the same. A similar situation exists when there is a decrease in price demand will not increase substantially because consumers only have a limited need for the product.

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On January 1, 2015, Alpha Manufacturing purchased a machine for $920,000. The company expects the machine to remain useful for e
Pie

Answer:

The accumulated depreciation at 1 January 2019 = $425000

January 1, 2019

Accumulated Depreciation               425000 Dr

Cash                                                    400000 Dr

Loss on disposal                                95000 Dr

      Machine                                                               920000 Cr

Explanation:

The straight line method of depreciation charges a constant depreciation expense every year through out the estimated useful of the asset. The depreciation expense per year under this method is calculated as,

Depreciation expense per year = (Cost - Residual value) / estimated useful life of the asset

Depreciation expense per year = (920000 - 70000) / 8 = $106250 per year

The asset was used for four years from 2015 to 2018. Thus, the accumulated depreciation at 31 December 2018 is,

Accumulated depreciation - 31 Dec 2018 = 106250 * 4 = $425000

The Net book value of the asset at 31 December 2018 = 920000 - 425000 = $495000

The loss on disposal is = 495000 - 400000 = $95000

4 0
3 years ago
Suppose that the country of Libraria made a concerted effort to increase the educational level of its people. If this effort had
tatuchka [14]

Answer:

If this effort had no effect on the wages of its workers, one might consider this as evidence in support of:

d. neither the human-capital nor the signaling view of education.

Explanation:

The human capital view of education argues that education increases workers' productivity, which also affects some increase in workers' wages.  The signaling view states that education passes a message about workers' various innate abilities to potential employers. This implies that the focus of the signaling view or theory is not the effect of education on the students but the message communicated in the labor market.

6 0
3 years ago
Historically the stock market goes up when there is bad news on unemployment. The latest statistics show the unemployment rate i
Evgesh-ka [11]

Answer: C. The stock market now

Explanation:

The Argument target refers to the subject of the discussion in question. The speaker in question is attempting to explain why it would be a good time to buy stocks in the present which concerns the stock market today making it the subject.

The speaker does this by calling into evidence, the correlations between variables in the past and showing that with one variable ( high unemployment) currently in effect, the other variable (increasing stock prices) which it correlates with therefore has a chance of happening in the present.

7 0
3 years ago
XYZ Corp owns a 3-year $10 million par floating rate bond. The coupons on the bond are 12-month LIBOR. XYZ would like to hedge a
malfutka [58]

Answer:

 2.45%

Explanation:

The computation of the fixed rate is shown below:

Years to maturity   Zero coupon  bond price  YTM      Forward rate

1                                 0.99                     1.01%  

2                                      0.97                             1.53%       2.06%

3                                      0.93                            2.45%     4.30%

The fixed rate should be equivalent to the YTM of the 3 year bond i.e. 2.45% the same is to be considered

3 0
3 years ago
What are the benefits an organization can receive from the adoption of a risk management system?
IceJOKER [234]

Preventative hazard administration packages furnish larger perception into insurance, indemnity and legal responsibility troubles and enable the organization to higher focus and structure its inquiry.

<h3>What are the advantages of threat management in an organization?</h3>

Benefits of threat management consist of the following:

multiplied attention of threat throughout the organization;

greater confidence in organizational objectives and goals due to the fact threat is factored into strategy;

higher and more efficient compliance with regulatory and interior compliance mandates due to the fact compliance is coordinated;

<h3>What is the primary reason of risk management?</h3>

The purpose of hazard management is to discover conceivable issues before they occur, or, in the case of opportunities, to attempt to leverage them to cause them to occur. Risk-handling activities may additionally be invoked at some stage in the existence of the project.

Learn more about risk management here:

<h3>brainly.com/question/17175271</h3><h3 /><h3>#SPJ4</h3>
4 0
2 years ago
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