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Zarrin [17]
3 years ago
5

An excise tax of $2 is placed on a jar of Honey. Honey producers end up bearing only $0.40 of the tax. The demand curve for hone

y is:a. elasticb. unitary elasticc. inelasticd. income elastic
Business
1 answer:
saw5 [17]3 years ago
3 0

Answer:

The correct answer is option c.

Explanation:

If the demand for a product is elastic the tax burden will be borne by the producer. This is because elastic demand means that an increase in the price will lead to a more than proportionate reduction in the quantity demanded. So with the imposition of a tax, the sellers will not increase the price as it is likely to reduce demand.

If the demand is inelastic, it means that an increase in price will lead to less than a proportionate decrease in the demand. In this situation, after the imposition of tax, the tax burden can be shared between producer and buyer.

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the equity of the corporation, a measure of the value of its assets less debt, is estimated to be 200000. linda forgoes a return
Elodia [21]

Answer:

Economic profit  = $5000

Explanation:

given data

value of assets less debt = 200000.

return = 10% per year

total revenue this year =  295000

solution

we consider here that

payroll wage and salaries  = $100000

interest paid = 40000

depreciation on equipment = 80000

supplies utility = 50000

so here we get first Total cost  that is

Total cost = payroll + interest paid + depreciation + supplies   .................1

put here value and we get

Total cost = 100000 + 40000 + 80000 + 50000  

Total cost = $270000

Thus,

Accounting profit = Total revenue - total cost    ..............2

Accounting profit  = 295000 – 270000

Accounting profit  = $25000

and we know Opportunity cost is  

Opportunity cost = 10% of $200000

Opportunity cost = 10% × 200000

Opportunity cost  = $20000

so here Economic profit  will be

Economic profit = accounting profit - opportunity cost   ..............3

Economic profit  = 25000 - 20000

Economic profit  = $5000

5 0
3 years ago
A company has grown in size to the point that it is expanding its operations
LiRa [457]

Answer:

A company has grown in size to the point that it is expanding its operations

into other countries. They are finding that the government regulations and

societal expectations for CSR issues differ drastically from place to place.

They are facing the realities of being involved in  the AWESER IS C

Explanation:

3 0
3 years ago
Read 2 more answers
Moore General Store purchased office supplies on account during the month of February for $4,500. Payment for the supplies will
Anni [7]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Purchased office supplies = $4,500

Supplies on balance account (in beginning) = $200

Supplies remaining (in end of month) = $180

So, To calculate supplies used in February we use following method:

Supplies Used  = Supplies in Beginning + Purchased office supplies - Supplies in Ending

= $200 + $4,500 - $180

Supplies Used = $4,520

Hence, the amount of supplies USED during February was $4,520.

6 0
3 years ago
If the inverse demand function is:
Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0
3 years ago
indicators that the local currency is also the functional currency include all of the following except:
Alchen [17]

Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.

A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:

The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).

The money of the nation whose laws and competition have the biggest impact on retail pricing.

The principal currency affecting labor expenses and other costs of goods sold (usually the currency in which prices are denominated and settled).

The currency in which an entity keeps its operating receipts and the currency in which debt and equity instruments are issued are less important deciding factors.

Know more about functional currency here:

brainly.com/question/28013130

#SPJ4

6 0
1 year ago
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