Mark brainlest please
Answer:
The amount of tax will be $3
Tax Burden on consumer is $2
Tax burden on producer ( in case you want to know) will be $1
Check the image below.
Tax is equal to the difference between the price actually paid by the buyer and the price actually received by the seller. Tax= Price paid by buyer-Price received by seller Tax= $8-$5 Tax = $3 Thus the tax computed is $3 per case.
Answer:
TRUE
Explanation:
Adam Smith 'Laissez Faire' Theory implies : Markets as free mechanisms are best, they are guided by self interest which tends to bring best socio economic welfare by increasing wealth. The market 'Invisible Hand' acts as an automatic stabiliser to any economic discrepancy & any government intervention is unnecessarily distortionary.
Answer and Explanation:
The computation is shown below:-
Particulars Cumulative Non Cumulative
Preferred dividends for 2018 $10,000 $10,000
Preferred dividend in
arrears for 2017 $10,000 $0
Remaining Dividends to
Common stockholders $2,000 $12,000
Total Dividends $22,000 $22,000
Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage
= (2,000 × $100) × 5%
= $10,000
The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.
Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.
Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.
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Answer:
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.
Explanation:
Mining hours of mine 1: M1
mining hours of mine 2: M2
Objective function: Minimize operating cost < 200M1 + 160 M2
Explicit constraints:
6M1 + 2M2 ≥ 12
2M1+ 2M2≥ 8
4M1+ 12M2 ≥ 24
Implicit constraints:
M1> 0
M2>0
See the attachment for feasible region
The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)
To maximize cost substitute each of these coordinates in objective function
for(0,0)
cost=0 (neglect this cost since M1>0 and M2 >0)
for(2,0)
cost= 320
for (0,2)
cost= 400
for (1.5,1.5)
cost= 540
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours
