Answer:
<u><em>Procedure to pass new tax laws:</em></u>
1. First, a representative sponsors a bill.
2. The bill is then assigned to a committee for study.
3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended
4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.
5. After Congress passes the bill,
6. it goes to the president, who can either sign it into law or veto it.
Ok so one of the biggest advantages would be a lower price but not only that if it is a newer car you wont have to pay the newer car fees you basically avoid them.<span />
Payback period is the time you have to wait for your funds to recover from its initial investment through cash inflows generated by your project. This is how economists appraise their project's viability. For even cash inflows, the equation is
Payback period = Initial investment/Cash inflows
Payback period = $1675/$570 per year
Payback period = 2.94 or approximately 3 years.
Answer:
D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations
Explanation:
Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.
Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets
Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.
Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.
- Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
- Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.
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Answer:
The opportunity cost of producing the 201st good is more than 5Y.
Explanation:
Opportunity cost is defined as the cost of next best alternative forgone. The law of increasing cost states that as production increases, the opportunity cost does as well.
So the opportunity cost of 201st unit will be more than the opportunity cost of 101st unit which is 5Y.
