Answer:
The Tax is a lump-sum which means that it does not change by output. It is therefore a fixed cost.
Average Fixed Cost ⇒ INCREASE
The new tax would increase the fixed costs which would lead to an increase in the average fixed costs.
Average Variable Cost ⇒ UNCHANGED
The tax is a fixed cost not a variable cost which means variable costs will not be affected.
Average Total cost ⇒ INCREASE
Fixed costs is a part of total cost and if that increases, the total cost will have to increase as well.
Marginal Cost ⇒ UNCHANGED
As the cost that changed is a fixed cost, the total cost will not change as a result of more production so marginal cost will not change.
Answer:
C. Many companies review pay during a performance appraisal.
Explanation:
Performance appraisals are usually ongoing through out the year where as annual reporting is done on it. It allows for better decisions by the management whether if to revise pay scales as per the improved performances of the employees. These appraisals may be used for identify training needs, pay reviews and promotional opportunities for employees.
Hope that helps.
A Mandelian disorder is one that occurs when a single gene causes a disease and this disease is then carried over using Mandel's laws, and an example of such as disorder can be Cystic Fibrosis. Chromosomal Disorders are ones that exist due to abnormalities with the chromosomes or with the numbers of chromosomes. A person can have more or fewer chromosomes than normal, and such a disease is Down Syndrome.
Answer:
The correct option is C,will result in the consumer buying less of a good at a higher price
Explanation:
When there are close substitutes for a product,a rational consumer will switch to an alternative good or service when the price of the good rises.
This ultimately is line with the law of the demand that the higher price the lower the quantity demanded and vice versa.
Hence, the substitution effect works in such a way that the product that has a lower price compared to its rival commodities catches the attention of the consumers much more due to its lower price nature.
