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3 years ago

Suppose the government imposes a $2 on this market.

Business

1 answer:

aliina [53]3 years ago

8 0

Answer:

A) buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.

Explanation:

The flatter the demand curve, the more elastic. In this case, D2, the demand curve for gasoline is more steeper which means it is more inelastic. Also, S2, the supply curve for gasoline is extremely elastic since it is almost horizontal.

When a tax is imposed on a good, the largest burden will fall on the side (suppliers or consumers) whose demand or supply curve is more inelastic. When a curve is inelastic, it means that a 1% price change will affect the quantity demanded in a smaller proportion.

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Johnston Company has budgeted production of 11,600 units and sales of 14,400 units in February. Each unit requires 15 minutes of

kap26 [50]

Answer:

$43,500

Explanation:

Direct labor costs refer to the salaries that are paid to the employees that perform a job that is related to the production of a good. In this case, it would be the wages of the employees that work in the production of the units budgeted.

To calculate the total cost, first you have to calculate the amount of hours require to produce 11,600 units:

1 unit → 15 minutes

11,600 units → x

x=(11,600*15)/1= 174,000 minutes

1 hour → 60 minutes

x ← 174,000 minutes

x=(1*174,000)/60= 2,900 hours

Now, you can calculate the total budgeted direct labor costs by multiplying the labor rate per hour for the number of hours needed to manufacture the units budgeted:

$15*2,900= $43,500

According to this, the answer is that the total budgeted direct labor costs for February is $43,500.

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3 years ago

In a process costing system, A. work-in-process inventory employs one general ledger account with a subsidiary ledger. B. cost

Kay [80]

Answer:

I think it would be a for the answer

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3 years ago

The point where supply and demand meet is known as the __________. economic constant equilibrium price final point

Grace [21]

B.) It is known as EQUILIBRIUM CONSTANT.

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3 years ago

What are some of the shortcomings and difficulties associated with the regression model Disney made for its forecast for Frozen

Otrada [13]

Explanation:

Cultural- This paradigm focuses exclusively on a single region of culture. But this design is a societal restriction.
Forecast-This method is predicted by the theatrical population, however the residential public is still not included.
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3 years ago

Have a nice day! (and 100 pts)

zysi [14]

Thanks for the points!

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3 years ago

Read 2 more answers