Department a had sales of $100,000.00, Department B had sales of $500,000.00, and total...

In which of the following cases is it most likely that an increase in the size of a tax will decrease tax revenue? Answers: A) T

DiKsa [7]

Answer:

The correct answer is option D.

Explanation:

An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.

The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.

At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.

So when less output is produced and demanded the tax revenue will also be lower.

6 0

3 years ago

The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic l

k0ka [10]

Answer:

The price of fertilizer must be greater than average variable cost.

Explanation:

Being a perfectly competitive market the prices of the fertilizers will rise. As the forms are making economic losses the prices must be greater the average variable costs.

8 0

3 years ago

The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not bala

shepuryov [24]

The period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS was during:

D. Economic recessions.

According to the given question, we are asked to show the period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was important for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

Read more about Keynesian Economics here:

brainly.com/question/14223529

4 0

2 years ago

A certain city reports the following year-end total assets: General Fund $18,400,000 Library Fund (a special revenue fund) 2,900

kolbaska11 [484]

Answer:

B) General Fund and Library Fund

Explanation:

Major funds are those that include revenues, assets, expenditures and liabilities that account for at least 10% of all the government funds.

In this case the total government funds = $26,300,000

so 10% of total funds = $26,300,000 x 10% = $2,630,000

only the general fund ($18,400,000 ≥ $2,630,000) and the library fund (2,900,000 ≥ $2,630,000) are higher than the 10% threshold.

4 0

3 years ago

Read 2 more answers

jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e

Natasha_Volkova [10]

Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from First Mover Advantage.

First Mover Advantage:

Involves being the first company or brand to enter a certain industry
Gives the brand a competitive advantage and customer loyalty over other competitors
Allows company to perfect services offered

In trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.

In conclusion, Jameson hopes to benefit from First-Mover Advantage.

Find out more at brainly.com/question/14663095.

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3 years ago