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Ipatiy [6.2K]
4 years ago
9

In the widget market, it is known that producers are relatively responsive to price changes, as compared to consumers.The govern

ment places a $5 per unit tax on sales of widgets. Which of the following is the most likely result?A. Consumers and producers will split the tax evenly.B. Most of the tax will be paid by producers.C. Most of the tax will be paid by consumers.D. Who pays the tax will be determined by the government.
Business
1 answer:
Usimov [2.4K]4 years ago
5 0

Answer:

C. Most of the tax will be paid by consumers.

Explanation:

Whenever the taxes are imposed in the form of extra charge added to the  cost of producing any product, then that tax is added to the cost of such product.

Accordingly the producers, do not pay such amount from their pockets, as they recover such amount from the consumers ultimately then adding them to the cost.

Accordingly the consumers are the ultimate people who bear such increase or addition of taxes to the products.

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Vsevolod [243]
Well, the smiles customers are greeted with at Panera help to give the brand a good name, and I have a welcoming smile. on top of that im very patient and reliable, great at being on time and helping as much as I can! I also am a big fan of bread and pasteries, so id be quick to know exactly wha folks are asking for at the register
4 0
3 years ago
There are two nations that, using all of their resources, both produce lemon drops and boxes. Nation A can produce either 300 le
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Answer:

I drew the production possibilities frontier curve for both nations, A and B, and attached it.

Explanation:

7 0
3 years ago
For a particular maximization problem, the payoff for best decision alternative is $15.7 million while the payoff for one of the
antoniya [11.8K]

Answer:

a. $ 2.8 million

Explanation:

Calculation to determine what The regret associated with the alternate decision would be

Using this formula

Regret associate=Payoff for best decision alternative - Payoff for one of the other alternatives

Let plug in the formula

Regret associate= $15.7million - $12.9million

Regret associate= $2.8million

Therefore The regret associated with the alternate decision is $2.8million.

6 0
3 years ago
During 2022, Oriole Company sold equipment with a book value of $158400 for proceeds of $191400. The company purchased new equip
kramer

Answer:

Cash Inflow of $191,400

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400

5 0
4 years ago
A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of ____
faltersainse [42]

Answer:

The correct answer is 25%

Explanation:

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Tax Rate = 1 - (0.0525 / 0.0700) = 25%

In this way, 25% or more, is a percentage of the tax rate that can make them decide on the municipal bond option.

6 0
3 years ago
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