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FinnZ [79.3K]
3 years ago
7

Suppose the government imposes a tax on three products with differing demand elasticities. Match the product to the group that w

ill most likely bear the incidence of the tax.
a. the government
b. producers
c. consumers and producers
d. consumers

1. highly inelastic
2. somewhat elastic
3. highly elastic
Business
1 answer:
Stolb23 [73]3 years ago
8 0

Answer:

a. Government - highly  Inelastic

b. producers - Somewhat elastic

c. consumers and producers -   Highly elastic  

d. consumers - Highly elastic

Explanation:

Inelastic demand is that which does not changes with the change in the price of any product.

Government oriented demand remains constant irrespective of pricing and hence it is highly inelastic while in case of producers and consumers, the demand may vary depending on the substitute availability in the market

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Bjorn felt that the focus groups did not give him enough quantitative information to make a decision, so he directed his manager
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Explanation:

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A co-worker has filed a document where you can access it if needed. This allows you to:
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The filing of a document by a co-worker allows one to copy the document in case of an emergency, so both the person and the supervisor will be able to access it.

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2 years ago
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220
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Answer:

The amount recognized as a provision for loss contingency is $220,000

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According to the United States  Generally Accepted Accounting Principles (US GAAP), the provision for loss contingency should be recognized based on the estimated amount. If the range is given then we should report the lower amount or minimum amount

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3 0
3 years ago
You want to be a millionaire when you retire in 40 years.
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Answer:

a. FV = $1,000,000

rate = 9.7%

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b. FV = $1,000,000

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n = 30 periods

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n = 20 periods

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annual savings = $1,000,000 / 55.35978429 = $18,063.65

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