Answer:
b. induces buyers to consume less, and sellers to produce less.
Explanation:
Because of the increase of tax on each good, it will cause a deadweight loss. At higher tax rates we consumers tend to consume less, the decrease in demand will inevitably decrease the supply therefore sellers will produce less.
Answer:
The question is not comprehensive.
Explanation:
Send the image of the question.
The best way to increase economic efficiency on both a small and large scale is to divide labor tasks. This way each person or entity becomes a specialist in their field and output is increased and improved.
<span />
In deciding whether to sell a product or continue to process it, the costs incurred to get the product into its current condition are not relevant to the decision.
<h3>What is Cost Price?</h3>
This refers to the price at which a good was bought and might include the expenses incurred while procuring the goods.
Hence, we can see that when an owner is trying to decide whether to sell a good or process it, the costs incurred to get the product to its current condition are not relevant while making this decision.
Read more about cost price here:
brainly.com/question/19104371
Answer:
Moves Down the Existing Learning Curve.
Explanation:
With the introduction of a new production method, learning will become slower initially and gradually increase over time when employees become better acquainted with it. This falls under increasing returns learning curve.
