Answer:
Residents (people's) reaction to Incentives
Explanation:
An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.
Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.
Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.
It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.
Answer:
Skylar wants to pay off her college student loans within five years and Lukas wants to earn at least $40,000 per year.
Answer:
$604,000
Explanation:
Given that,
Opening Closing
Inventory $112,000 $133,000
Accounts payable $55,000 $64,000
Cost of goods sold = $592,000
Cost of goods sold = Opening stock + Purchases - Closing stock
Purchases = Cost of goods sold - Opening stock + Closing stock
= $592,000 - $112,000 + $133,000
= $613,000
Bramble’s 2017 cash payments to suppliers:
= Opening accounts payable + Purchases - Closing accounts payable
= $55,000 + $613,000 - $64,000
= $604,000
Answer: The correct answer is "C. produce because revenue of $1 comma 000 is greater than fixed costs.".
Explanation: The firm should produce because the revenue of 1000 is enough to cover the fixed costs and part of the variables (1000 - 800 - 600 = (-400)) so that the loss is less than if it stopped producing despite the avoidable costs (800 - 350 = 450) since if it stopped producing it would have a loss of $ 450 and producing it would have a loss of $ 400.
