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Bezzdna [24]
3 years ago
11

If the government levies a $1,000 tax per boat on sellers of boats, then the price paid by buyers of boats would a. increase by

less than $1,000. b. decrease by an indeterminate amount. c. increase by more than $1,000. d. increase by exactly $1,000.
Business
1 answer:
inn [45]3 years ago
8 0

Answer: increase by less than $1000.

Explanation:

It should be noted that when the government levies a $1,000 tax per boat on sellers of boats, then this will lead to the supply curve shifting upward by $1000.

Due to the tax imposed, there'll be an increase in the price that a buyer will pay for the boat. In this case, the buyer and the seller will share the burden of the tax. Hence, there'll be na increase in the price for the boat by less than $1000.

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The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate
Mumz [18]

Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r  = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

5 0
3 years ago
Memorial Hospital CEO conducts performance reviews of the hospital's departments and discovered that the average cost of deliver
lora16 [44]

Answer:

Memorial Hospital

From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:

= 16.3%.

Explanation:

a) Data and Calculations:

Average cost of deliveries = $5,000

Average revenue per delivery = $4,300 ($5,000 - $700)

Loss on each delivery = $700

The change in profit for each extra delivery is

= 16.3% ($700/$4,300 * 100)

b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.

4 0
2 years ago
Tony, a production manager at Brighton Biometrics, needs to measure the performance of 10 subordinates. He writes their names on
prisoha [69]

Answer:

Alternation ranking method.

Explanation:

Tony, a production manager at Brighton Biometrics, needs to measure the performance of 10 subordinates. He writes their names on a paper and circles Paula's name as the best-performing employee of the group. He then circles Erma's name as the worst employee of the group. He rates the remaining employees as second best, second worst, and so on. In the context of methods of performance measurement, Tony is using the alternation ranking method.

This method basically ranks employees from the very best to the worst based on a particular trait. Choosing the highest down to the lowest until every one of them are ranked.

6 0
3 years ago
Which of the following bonds is the most sensitive to changes in market interest rates?A) 5-year, zero couponB) 5-year, 5 percen
antoniya [11.8K]

Answer:

D) 10-year, zero coupon

Explanation:

The zero coupon bonds with longer maturity period are more sensitive to interest rate changes than coupon payments bonds with the same maturity date and  zero coupon bonds with shorter maturity periods.

4 0
3 years ago
Which formula best describes the amount an insurance company will pay you for your loss?
Aleksandr-060686 [28]
A) Payment = Loss - Deductible
because you always need to pay your deductible so you won't get this amount of money back
6 0
3 years ago
Read 2 more answers
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