The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of the tax burden.</u>
<u>Explanation</u>:
Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.
When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.
The incidence of tax can be observed in two ways:
i) Formal incidence
ii) Effective incidence
Answer:
The correct option is;
d) It allows a single entrepreneur to bring their favorite ideas to market
Explanation:
Human-centered design is a methodology applied to the resolution of problems that are associated with product design and framework of management that makes the thinking mindset for the development of problems solution of having the human standpoint to be included in all the steps involved in solving the problem in order to ensure usefulness of the solution to the people it is meant to benefit.
Answer:
D) Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.
Explanation:
The Federal Reserve (FED) can respond to excessive pessimism among consumers and businesses by expanding the money supply and lowering interest rates. To deal with excessive optimism they can do the opposite, they can shrink the money supply and increase the interest rate.
Answer: 0.8186
Explanation:
Given that;
activity To Tm Tp Te (V)^0.5 v
A 38 50 62 50 4 16
B 90 99 108 99 3 9
C 70 80 90 80 3.333333 11.11111
D 19 25 31 25 2 4
E 91 100 115 101 4 16
F 62 65 68 65 1 1
Expected duration Te = (4 × Tm + To + Tp ) / 6
Variance = ( Tp-To/6]²
variance of the critical path = 9+16 =25
SD of the critical path = ( var)^0.5 = 5
probability that the project will be completed within 210 days is given by
z = (210-200) / 5 = 2
which gives probability of 0.97725
Probability that the project will be completed within 195 days
z = (195-200) / 5 = -1
which corresponds to probability of 0.1586
Now required probability that project completes within 210 but before 195 days is given by
0.97725 - 0.1586 = 0.8186