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lapo4ka [179]
3 years ago
8

Cadmia, a small island nation, recently revised its income-tax law. The new law sought to increase taxes on wealthy corporations

and citizens with higher incomes. Surprisingly, everyone responded positively to the tax revision as they believed that it will decrease inequality in the nation. In this scenario, the people of Cadmia have demonstrated support for:
Business
1 answer:
Ad libitum [116K]3 years ago
7 0

Answer:

The correct answer is distributive justice

Explanation:

Distributive justice is, for Aristotle, fair or correct regarding the allocation of assets in a society.

The principles of distributive justice are normative principles designed to guide the allocation of benefits and burdens of economic activity. He is often contrasted with retributive justice, which focuses on the proportionality of the results and consequences, and with procedural justice which has to do with the justice of the processes, such as the administration of the law. The most prominent contemporary theorist of distributive justice is the philosopher John Rawls.

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If the contribution margin is not sufficient to cover fixed expenses:.
Elan Coil [88]

If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

<h3>What is a Contribution Margin?</h3>

The contribution margin can be expressed in gross income terms.  After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.

The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.

This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.

Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

Learn more about contribution margin here:

brainly.com/question/24881206

7 0
2 years ago
Sally has a pizza restaurant and sells 30 pizzas for $5 each. Jim has a pizza restaurant around the corner from Sally, and he se
Rom4ik [11]

Answer:

ELASTIC

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Sally

percentage change in quantity demanded : (60/30) - 1 = 1

percentage change in price : (3/5) - 1 = -0.4

Price elasticity = 1 / -0.4 = 2.5

Jim

percentage change in quantity demanded : (40/30) - 1 = 0.33

percentage change in price : (3/5) - 1 = -0.4

Price elasticity = 0.33 / -0.4 = 0.83

Sally's demand is elastic while Jims' is inelastic  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

3 0
3 years ago
A restaurant is restocking their bottles of root beer. They are getting 1 kiloliter of root beer. How many liters of root beer i
trasher [3.6K]
1,000 liters because 1 kiloliter = 1,000 liters.
5 0
3 years ago
Read 2 more answers
On April 1, Garcia Publishing Company received $2,448 from Otisco, Inc. for 36-month subscriptions to several different magazine
topjm [15]

Answer:

the amount of revenue recorded for the first year is $612

Explanation:

The computation of the amount of revenue recorded for the first year is shown below:

= Amount received × given months ÷ total number of months

= $2,448 × 9 months ÷ 36 months

= $612

The 9 months are considered from April 1 To December 31

hence, the amount of revenue recorded for the first year is $612

7 0
3 years ago
You can buy a computer with your credit card and pay for it over the course of one year. With an interest rate of 16 percent, yo
iragen [17]

Answer:

you can save $522.48 by purchasing the computer with the credit card

Explanation:

total money paid to the credit card company = $181.46 x 12 = $2,177.52

total money paid for renting the computer = $200 x 12 = $2,400, plus the final payment = $2,400 + $300 = $2,700

money saved by using the credit card = $2,700 - $2,177.52 = $522.48

6 0
3 years ago
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