The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.
Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.
So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.
Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
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Answer:
the firm's average salary increased by 40%
Explanation:
the average salary for last year = [(5 x $25,000) + (2 x $60,000) + $255,000] / 6 = $500,000 / 6 = $83,333.33
this year's average salary = [(5 x $25,000) + (2 x $60,000) + $455,000] / 6 = $700,000 / 6 = $116,666.67
this means that the average salary has increased by = [($116,666.67 - $83,333.33) / $83,333.33] x 100 = 40%
Answer:
$7.38
Explanation:
The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.
Average cost per unit = Total Costs ÷ Units available for sale
= (200 x $7 + 800 x $7 + 600 x $8) ÷ 1,600
= $7.375 or $7.38
The average cost per unit for May is $7.38
Answer:
Truly, it is imperative for the organization to follow the exacting budget plan despite the fact that they can be encountering incredible benefits. There will a predisposition towards covetousness while making the budget limit for this organization. On the off chance that the organization is encountering the exceptional benefits, a considerable lot of the organizations will attempt consistently and extricate the budget limit; it might cause the huge issue like as the benefits not are effectively re-put resources into to the said organization. The extraordinary benefits exceptionally uncommon happens over the extensive stretch of the time they are for the most part in one to a quarter of a year spells whereas the monetary allowance is generally quarterly at the greater part of the implying that when we are encountering the incredible benefits this is nearly ensured for being fleeting separated from when this is the imposing business model market. To set up the detail budget plan for New Year.
I believe the answer is: B. <span>businesses making the same product agree to limit production.
In a monopoly, only one single business exist that control the production of a certain goods in the market.
For cartel, there are a lot of established businesses with different ownership, but they agreed to control their production in order to maintain the price level in the market.
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