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zaharov [31]
2 years ago
15

Suppose someone believes that if a per-unit tax is placed on the producers of good Y, the consumers of good Y will end up paying

the full tax. This person assumes that the demand curve for good Y is
elastic.
O perfectly inelastic
O inelastic
O perfectly elastic
O unit elastic.
Business
1 answer:
Alex_Xolod [135]2 years ago
4 0

Answer:

The correct answer is option (B)  perfectly inelastic

Explanation:

It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.

Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.

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The Casings Plant of Wyoming Machines makes plastics shells for the company’s calculators. (Each calculator requires one shell.)
aniked [119]

Answer and Explanation:

a. The computation of the targeted production of the finished product is shown below:

= Expected sales units - beginning finished goods + ending finished goods

= 160,000 - 20,000 + 5,000

= 145,000 shells

b. The required amount of plastic purchased is

Plastic to be purchased = Consumed plastic + closing inventory - opening inventory

where,

Consumed plastic is

= 145,000 × 6 ounces

= 870,000 ounces

Opening inventory is 60,000  ounces

And, the closing inventory is

= 160,000  ÷ 12 months × 2 months × 6 ounces

= 160,000

So, the purchased plastic is

= 870,000 + 160,000 - 60000

= 970,000 ounces

5 0
3 years ago
Midyear on July 31st, the Chester Corporation's balance sheet reported:
erastova [34]

Answer:

$76.856 million

Explanation:

As we know that Balance sheet is divided in two portions.

1. Total Assets (Current Assets + Fixed Assets)

2. Total Liabilities and Share Holders' Equity.

and they both should be equal. So we can write from the above information, as:

Total Assets = Total Liabilities + Total Common Stock + Retained Earnings

N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.

Hence, by putting the values in above equation we can find our Retained Earnings as:

Retained Earnings + $128.230 million + $6.350 million = $211.436 million

Retained Earnings + $134.58 million = $211.436 million

Retained Earnings = $211.436 million - $134.58 million

Retained Earnings = $76.856 million

6 0
3 years ago
Faruq spends all of his income on two goods: tacos and milkshakes. His income is $100, the price of tacos is $10, and the price
ANTONII [103]

Answer:

8

Explanation:

Amount he can spend on tacos = income - total price of milkshakes

total price of milkshakes = 2 x 10 = 20

100 - 20 = 80

quantity of tacos = 80 / 10 = 8

8 0
2 years ago
"true or false: effective communication involves not only sending information but also receiving it."
goblinko [34]
True...........!!!!!!
4 0
3 years ago
Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
morpeh [17]

Answer:

Single use plan

Explanation:

A single use plan is employed in tackling a particular organisational situation. This plan is only used once, because it is used to solve a specific situation and then discarded when the situation has been tackled.

A single use plan is utilized in situations that is unlikely to be repeated in the nearest future since the main purpose of the plan is to solve a particular problem.

The single use plan can be very precise in handling a particular situation.

5 0
3 years ago
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