Factors of production<span> is an economic term that describes the inputs that are used in the </span>production<span> of goods or services in order to make an economic profit. The </span>factors of production<span> include land, labor, capital and entrepreneurship.</span>
Answer:
a. more deadweight loss and less revenue
Explanation:
Sales tax increases the price of a good or service.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
If a sales tax is imposed on a good or service, the price of the good would increase and become more expensive. This would lead to a fall in quantity demanded and an increase in deadweight loss and a loss of revenue.
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The two forms of financial aid that is required for a student to bear the cost of college education are the following; direct loans and work study programs. It is because direct loans can help a student to provide money that they could lend and be paid off based on the time period it provides while work study program assist students in means of providing money for the student in which in return, they should work for them with no money to be paid for them.
Answer:
False
Explanation:
The expected value of each course of action in a decision tree is not determined by starting at the beginning of the tree, instead it is a process because you need to make a desition and in some extend you espect to have some results but some of them are uncertain or unespected. in this kind of scheme Squares represent decisions, and circles represent uncertain outcomes. Then you need to calcule the desition nodes giving each option a cost or value, This will give you a value that represents the benefit of each decision. at the end calculating choose the option that has the largest benefit, and take that as the decision made. This is the value of that decision node.
Answer:
$68 appears as the amount unearned but received (or still paid in advance) in the closing statement
Explanation:
Amount received in advance = $100
Amount earned = $32
Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned
Amount (in advance at closing) = $100 - $32
= $68
The amount that will appear in the closing statement as rental payment still in advance is $68.
