Answer:
Tax carried forward to consumer $2
Effective tax on the producers $ 1
TRUE
As the nominal tax is always subject to elasticity in demand and supply which generates an effective tax burden on each party.
Explanation:
<em><u>Before-tax:</u></em>
Quantity 25
Price $7
<em><u>After-tax:</u></em>
Quantity 18
Price $8
The producer receives $5 (thus there has been a tax of $3)
The tax-burden (who actually pay the tax)
is based on the elasticity of the demand and supply of the market.
When demand is more inelastic the tax burden goes into the consumer more than producers.
When supply is more inelastic the tax burden goes into the producer more than consumers.
Huh? I don’t see what the q is here? Answer is
It is helpful to convert phone numbers into letters when you are advertising for a business. For example, if you were advertising for a fish market, the phone number could be something like "123-FISH". This is helpful to remember the numbers for a lot of people. It's a lot more likely someone will remember "123-FISH" than a bunch of random numbers.
Hope this helps!!
Answer:
a. Paper used for the magazine = prime cost (P)
b. Wages of printing machine employees = both (B
c. Glue used to bind magazine = prime cost (P)
d. Maintenance on printing machines = conversion cost (C)
Explanation:
prime cost (P), conversion cost (C), or both (B) are cost of a manufacturing business.