suppose that the local government of corpus christi decides to institute a tax on cider consumers. before the tax, 10 billion cases of cider were sold every year at a price of $11 per case. after the tax, 4 billion cases of cider are sold every year; consumers pay $13 per case (including the tax), and producers receive $6 per case. the amount of the tax on a case of cider is $ per case. of this amount, the burden that falls on consumers is $ per case, and the burden that falls on producers is $ per case.
Answers
The amount of cider sold has also decreased significantly, from 10 billion cases before the tax to 4 billion cases after the tax was instituted.
The local government of Corpus Christi has instituted a tax on cider consumers. Before the tax, 10 billion cases of cider were sold every year at a price of $11 per case. After the tax was instituted, the number of cases sold dropped to 4 billion and the price of a case of cider rose to $13 per case (including the tax). This means the amount of the tax on a case of cider is $2 per case.
The burden of the tax on consumers is $2 per case, and the burden of producers is also $2 per case. This means that the consumers and producers bear the entire burden of the tax. The producers will be paying $2 per case and the consumers will be paying the same amount, $2 per case. As a result, the consumers will have to pay $2 more for a case of cider and the producers will receive $6 per case instead of $8.
Overall, the tax on cider consumers has had a negative effect on both consumers and producers. Consumers are paying more for cider and producers are receiving less.
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Related Questions
Economists typically assume producers and consumers a. are rarely rational, but sometimes are purposeful in their behavior.
b. are rational, and systematically work to achieve their goals. c. only pursue rational outcomes, and these outcomes would be agreed upon by all to be the most positive outcomes. d. can be rational, but are not systematically so.
Answers
The correct answer is b) Economists typically assume that producers and consumers are rational and systematically work to achieve their goals.
This assumption is based on the idea that individuals are motivated by self-interest and seek to maximize their utility (in the case of consumers) or profits (in the case of producers) given the constraints they face. Rational behavior means that individuals use all available information to make informed decisions and weigh the costs and benefits of different choices.
While it is true that individuals may not always behave in a perfectly rational way, economists assume that rationality is the norm and that deviations from rational behavior are the exception rather than the rule. This assumption allows economists to develop models and theories that help explain and predict economic behavior.
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If consumers think that there are very few substitutes for a good, then:A) Supply would tend to be price elasticB) Supply would tend to be price inelasticC) Demand would tent to be price elasticD) Demand would tend to be price inelasticE) None of the above is true
Answers
If "consumers" think that there are very few-substitutes for a good, then (d) the Demand would tend to be price-inelastic.
If Consumers think that there are very few substitutes for a good, it means that the good is unique or has limited alternatives available in the market.
When demand for a good is price inelastic, it means that a change in price will result in a proportionately smaller change in the quantity demanded. This is because consumers are less responsive to price changes and may be willing to pay a higher price to continue consuming the good.
Therefore, the correct option is (d).
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The given question is incomplete, the complete question is
If consumers think that there are very few substitutes for a good, then :
(a) Supply would tend to be price elastic
(b) Supply would tend to be price inelastic
(c) Demand would tent to be price elastic
(d) Demand would tend to be price inelastic
(e) None of the above is true
Help plz
What is persuassive writing?
Answers
Answer: something to like negotiate someone to do something and give good reasoning
Explanation: for example, someone would want to dye their hair and they would write a letter to their mom saying why their mom should let them dye their hair
Agency rules are similar to statutes because of which one of the following?
a.Congress must vote in favor of them to become effective.
b.They are legal requirements and binding as if Congress has passed them.
c.They are enforced by law enforcement agencies.
d.They are opinions regarding laws passed by Congress.
Answers
The right response is b. As if passed by Congress, they are binding legal requirements.
What is an example of enforcement?When somebody in a position of authority ensures that you abide by the law, whether it be a police officer stopping a car for speeding or you brother catching you lying at checkers, enforcement takes place. The majority of people profit when laws are upheld because it stops thieves from making advantage of vulnerable individuals.
What is the use of enforcement?Enforcing social norms can maintain conformity within isolated communities, enforcing laws can maximise social benefits and safeguard overall public interest, and enforcing laws may also serve the institutions who oversee enforcement's self-interest.
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State 5 differences betweeen a stencil suplicator and a spirit duplicator
Answers
Answer:
spirit duplication is a method of reproducing documents where a spirit duplicator is used. The master copy is prepared from which copies are produced.
I hope is helpful
please i want to be a branalist
Explanation:
PLEASE PLEASE HELP 20 POINTS
Answers
If the price level in 2006 is 100, then the price level in 2008 will be 98.1
How to calculate the priceTotal cost of basket of goods in 2006 =
= 3 *10.25 +30*3.5+ 5 *4.25 +200*0.11+ 12*1.75
= $200
Total cost of basket of goods in 2008 =
= 3 * 11.25+ 30 *3.3+5*4.5 +200 *0.1 +12 *1.75
= $196.25
If the price level in 2006 is 100, then the price level in 2008 will be,
= (196.25/200)*100
= 98.1
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Select the correct answer from each drop-down menu.
What cultural aspects must businesses consider when making marketing decisions?
Companies must consider the
political scenarios
of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in
underdeveloped
societies. Marketers must also learn about
to avoid conflicting with religious or social sentiments.
Answers
Answer:
the first one is not political scenarios
the second one is not underveloped
and the final one is social and cultural norms
Explanation:
i took the test ande i only got the third one right
Answer:
Cultural Norms, Hierarchical, and Social & Cultural Norms
Explanation:
Companies must consider the cultural norms of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in hierarchical societies. Marketers must also learn about social and cultural norms to avoid conflicting with religious or social sentiments.
This is 100% correct on the test.
allocated common costs are blank . multiple choice question. only relevant to decisions if they are avoidable never relevant to decisions only relevant to decisions if they are unavoidable always relevant to decisions
Answers
Allocated common costs are only relevant to decisions if they are avoidable. Thus, option (a) is correct.
What is costs?
The term "cost" refers to the actual amount of money spent on the manufacturing of the product. The products are manufactured to spend money on raw materials, transportation, wages, salaries, and other expenses.
The common costs refer to the allocated the joint products, process, and activities, to determine the cost of the product. The avoidable to the relevant cost. The relevant costs are affected by the managerial decision.
Therefore, option (a) is correct.
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8. Problems and Applications Q8
Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized.
Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply.
The wage of manufacturing workers will rise.
The quantity of manufacturing workers demanded will fall.
The quantity of manufacturing workers supplied will rise.
There will be an increase in employment of manufacturing workers.
Answers
The quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise.
What does a union among workers represent in economy?In the macroeconomic model, a union among workers will increase the wage rate, thereby the supply of manufacturing workers will also increase.
This phenomenon is associated with a decrease in the demand and quantity of manufacturing workers.
In conclusion, the quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise if manufacturing workers formed a union.
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1. Based on the profit-loss statement, does Rings and Things have a positive or negative cash flow?
Why?
Answers
Answer:
They have a negative cash flow.
Explanation:
Because their net operating activities is not breaking even, in other words, they are losing money.
If an economy with C = $5000 + 0.6Yd, I = $1000, G = $800, T = $1000, NX = $-200, where the dollar amounts are in millions of dollars, both government spending and taxes are raised by $200 million, what will be the change in equilibrium income (in millions)?
A) $200
B) $100
C) $0
D) $-200
E) None of the above
Answers
Answer:
Y = 15,500
Explanation:
If government spending increased by $200 million
Y = C + I + G + NX
Y = 5,000 + 0.6(Y-1,000) + 1,000 + (800+200) - 200
Y = 5,000 + 0.6(Y-1,000) + 1,000 + 1,000 - 200
Y = 5,000 + 0.6(Y-1,000) + 1,800
Y = 5,000 + 0.6Y-600 + 1,800
Y = 6.200 + 0.6Y
Y - 0.6 Y = 6,200
0.4 Y = 6,200
Y = 6,200 / 0.4
Y = 15,500
Therefore, change in equilibrium income (in millions) is $500
Answer:
A
Explanation:
200
How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.
Answers
Answer:
Explanation:
There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.
for which person would renting a home be a better option than getting a mortgage?
Answers
Answer:
Someone who wants ro avoid spending time and money on maintenace
Explanation:
I need help bruh. Prereading activities include A. concept mapping B. discussion C. Questioning D. all of these
Answers
Explanation
Answer:
D
All of these
Explanation:
When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. group of answer choices poverty trap income line income gap poverty line
Answers
When reference is made to the poverty line, it means the specific amount of income needed for a basic standard of living.
The poverty line refers to a specific amount of income that is considered necessary to meet the basic standard of living in a particular country or region. It is a threshold used to determine the level of poverty within a population. The poverty line takes into account various factors such as food, shelter, clothing, healthcare, education, and other essential needs.
It serves as a benchmark for assessing and measuring poverty rates and helps policymakers and organizations identify individuals or households living below this income level who may require assistance or targeted interventions to improve their socioeconomic conditions and access to basic necessities.
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understanding basic principles of finance is important for
Answers
As understanding basic principles of finance is important for companies' financial health. As by knowing the financial condition of the organization, we can easily run the organization.
What is the organization?The term organization refers as, a company, association, or another type of entity made up of one or more people functioning in a specific strength of purpose is referred to as an organization or arrangement.
As, by knowing the principles of finance in our organization, will make help in taking better decision for the organization. As we see, there are many successful organizations are running, by taking the good decision in finance.
Therefore, As a result, By the knowing basic principles of finance is important for organization.
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Check My Wor
Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
favorable (F) or unfavorable (U).
Budgeted Income Amount $150.00
Actual Amount $120.00
Answers
Answer: The Answer Is
Dollar Variance $ 30
Percent varience 20%
F Or U which its U
Explanation: Hoped This Helped Thx For The Points!!
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answers
Answer:
b
Explanation:
The monetary policy is not fundamently altered
... is an economic system where consumers can choose what to buy and where to buy
A. Planned economic system
B. Mixed economic system
C. Market economic system
D. Tradition economic system
Answers
it is C. Market Economic system!
as I read and knew once I found of by reading the sentence you put.
to check out more and I give credits also too for the information https://flexbooks.ck12.org
for confirming it for me. and you can find out more about Economic Systems there for sure also !!
Answer:
it can be either mixed or a market economy
Explanation:
Explain why it is important to maintain good relationships with: a) Colleagues. b) Supervisors. c) Internal clients. d) External clients
Answers
Answer:
c
Explanation:
Select the education and qualifications that are most helpful for Business Analysis careers. Check all that apply.
research skills
bachelor’s degree in finance
certificate from a vocational school
computer skills
problem-solving skills
leadership skills
marketing skills
Answers
Answer:
A, B, D, E
Explanation:
The education and qualifications that are most helpful for Business Analysis careers are research skills, bachelor’s degree in finance, computer skills and the problem-solving skills. Thus, option (a), (b), (d) and the (e) is correct.
What is business?
The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
A person is the struggle in the life are the important to build the career. The career are the significant for the life. The profession of the Business Analysis careers are the education and the qualification is the necessary. The business analysis career is the main quality are the bachelor’s degree in finance, research skills, computer skills, and the problem-solving skills.
Therefore, option (a), (b), (d) and the (e) is correct.
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It is a good idea to get and use an many credit cards as possible to build credit history. True False
Answers
Has the Cannabis Act changed the way we view Cannabis in
Canada?
Answers
Yes, the Cannabis Act has changed the way we view cannabis in Canada. The Cannabis Act was introduced in Canada in 2018, and it legalizes recreational cannabis use across the country.
The legalization of cannabis has created a significant shift in how Canadians view cannabis. Canadians have a more positive view of cannabis, and the stigma around cannabis has reduced, which has made people more open to discussing its use. The Cannabis Act has also helped to regulate the cannabis industry, ensuring that the quality of the product is consistent, and that consumers are aware of the risks and potential side effects of using cannabis. The Act also prohibits the sale of cannabis to minors, and it provides penalties for those who violate the regulations.Overall, the Cannabis Act has been a significant step towards changing the way we view cannabis in Canada. It has reduced the stigma around cannabis and created a more positive view of the substance. The Act has also helped to regulate the industry, ensuring that consumers have access to safe and high-quality products. The legalization of cannabis has been a positive move for Canada, and it will continue to have an impact on the country in the years to come.For more questions on risks
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The product life cycle refers to the stages a product moves through from the time it enters the market until the time
Answers
It's the stage by which a product move through from the time it enters the market until the time it is cleared. My own definition states that it's the length of time by which a product is introduced to consumers in the market until it has been removed
Under what conditions is industry analysis not as powerful?.
Answers
Answer:
Explanation:
a) in times of stagnation. b) in fast-changing industries.
The conditions are industry analysis not as powerful are in fast changing. The technologies are the changes, the process was the not change.
What is industry?
The term industry refers to the factory are the manufacturing of the product. The production of the goods making. The process of the raw material are the converted into the finished goods. The labour are the performing the work. The industry are the important part of the economy.
The industry are the significant part of the economy because it's they generate the employment. The industry are the not powerful as the in fast changing. The main causes are the in fast-changing industries. The industries are the not adopted to the all the technology because its the increases the expenses.
As a result, the conditions are industry analysis not as powerful are in fast changing.
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For which holiday is the most candy purchased in the united states?.
Answers
Answer:
i think it is halloween.
Explanation:
hope this helps
How is a person counted as unemployed ?
Answers
After the seventh month of a 12-month loan: the numerator is: {(n + 11) + (n + 10) + (n + 9) + (n + 8) + (n + 7) + (n + 6) + (n + 5)} = , and the denominator is: {(n) + (n + 1) +. + (n + 11)} =. Therefore, the fraction is numerator/denominator (to the nearest tenth) = %. NEXT QUESTION ASK FOR HELP TURN IT IN © 2014 Glynlyon, Inc. All rights reserved. TERMS OF USE
Answers
The fraction is numerator/denominator (80.8) %.
Determine the fraction of total interest owed.
After the seventh month of a 12-month loan,
the numerator is: {(n + 11) + (n + 10) + (n + 9) + (n + 8) + (n + 7) + (n + 6) + (n + 5)} = (63) , and
the denominator is: {(n) + (n + 1) + ... + (n + 11)} = (78)
Therefore, the fraction is numerator/denominator (to the nearest tenth) =
(80.8) %.
What's the common denominator?In mathematics, a denominator is the lowest number in a fraction that indicates how many equal parts are split into a whole.
The fraction's lowest digit is called the denominator.
Therefore, the denominator of the fraction 3/8 is 8.
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U.S. is established as a country based on freedom is to the early america era as federal support for the growth of big business is to the?
Answers
U.S. is established as a country based on freedom is to the early America era as federal support for the growth of big business is to the Industrial revolution.
What is American Industrial revolution?The 1870s saw the beginning of the Revolution, also referred to as the American Manufacturing Revolution, which lasted until the conclusion of World War II. During this time, new transport methods like steamships, vehicles, and airplanes were developed along with the mechanization of industry and agriculture.
What are the four root reasons of the American Industrial Revolution?The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the agricultural revolution are some of the factors that historians have recognised as contributing to the Industrial Revolution.
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Diane needs to create a work plan for an upcoming systems project. She must first _____.
A.
estimate the hours and request deliverables
B.
identify the tasks and estimate the time needed to complete them
C.
initiate the project and create the project management assessment
D.
make tradeoffs and set conservative numbers
E.
timebox the completion date
Answers
Diane needs to create a work plan for an upcoming systems project. She must first make tradeoffs and set conservative numbers option D)
Diane needs to create a work plan for an upcoming systems project. She must first make tradeoffs and set conservative numbers. Making tradeoffs involves identifying and analyzing the project's requirements, resources, constraints, and risks to determine the optimal balance between them.
Diane must prioritize the project's objectives and decide which requirements are essential and which are desirable but non-critical. This process allows her to allocate resources effectively and minimize waste. Setting conservative numbers involves estimating the project's scope, schedule, and budget realistically.
Diane must consider the project's complexity, uncertainty, and variability and add buffers to account for them. This approach helps her to avoid overpromising and underdelivering, which can harm the project's credibility and reputation. Timeboxing the completion date involves setting a fixed deadline for the project's delivery and breaking down the work into manageable iterations.
Diane must define the scope, objectives, and acceptance criteria for each iteration and monitor their progress regularly. This method enables her to provide stakeholders with incremental value and feedback and adapt the project's plan and priorities as needed.
In summary, Diane needs to make tradeoffs and set conservative numbers to create a work plan that balances the project's requirements, resources, and risks and delivers incremental value on time and within budget. Therefore option D) is correct.
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