Answer:
Effect on income= $6,000 increase
Explanation:
<u>Because there is an unused capacity and it is a special order, we will not take into account the fixed costs.</u>
Effect on income= total contribution margin
Unitary variable cost= 8 + 10 + 4= $22
Effect on income= 1,000*(28 - 22)
Effect on income= $6,000 increase
Answer:
It doesn't matter if the taxes are set upon the consumers or the producers, the difference between what the consumers pay and what the producers receive is the same. No one benefits from taxes, sellers lose and buyers lose.
Taxes are a necessary evil, but no one can argue that they benefit anyone, at least no one that works and pays them. Probably someone who doesn't work and just lives with the money they receive from government assistance programs might like taxes.
Taxes decrease total surplus, they decrease supplier surplus and they decrease consumer surplus.
The ideal scenario would be that the government uses their evil taxes and invest them well in good services that help society, but in the real world that doesn't happen all the time. Governments use taxes to pay for public goods like roads, security services, education, health, etc., and that is great. The problem is that they also spend $1 billion per plane because the plane manufacturer donates huge amounts to presidential candidates. Or the incredible amount of assistants, secretaries and other staff that each politician has and we pay for them all. When the government uses money efficiently, the social benefit exceeds the social cost of taxes, but efficiently is the keyword.
<span>Termination clauses always make a contract invalid for lack of consideration.</span>
Answer:
It allows producer to collect data to understand consumers demand.
Explanation:
The right to be heard allow consumers to give their opinion about various features that they like or dislikes.
By gathering this information , the producers of the good can make adjustment in order to make their product become more desirable within their consumer base.
Examples:
- Let's say that customers bought a certain game. They want additional gameplay to be added within the game in order to make the game more fun. The developer could add that in their next update in order to enhance their customers' experience.
- Or Let's say that the producers sells various types of instant noodles. The data from the customers showed that a certain type of flavour tend to be dislike an unpopular among customers. the producer could stop the production of that flavour and cut off their cost of production.
the earliest is the year the year 2018 and the first time one was invented was 1804! crazy huh it is really funny tho... hope this helps!
