Business, 03.08.2021 01:00 dbn4everloved8

Suppose that the government imposes a $10 tax on Humbugs. The pre-tax price of Humbugs was $50, and neither supply nor demand is perfectly elastic or perfectly inelastic. If the government imposes the tax on sellers, which of the following is true? a. The full amount of the tax will be paid by the sellers.
b. The full amount of the tax will be paid by the buyers.
c. The price of Humbugs will rise by less than $10.
d. The price of Humbugs will rise to $60.
The equilibrium quantity of Humbugs will not change.
The incidence of a tax is determined by: .
a. what the government requires firms to charge.
b. the relative elasticity of the supply and demand curves.
c. whether the tax is imposed on buyers or sellers.
d. whether demand is elastic or inelastic.
e. whether supply is elastic or inelastic.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:40

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

Answers: 2

Answer

Business, 22.06.2019 11:30

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.

Answers: 1

Answer

Business, 22.06.2019 11:40

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Answers: 2

Answer

Business, 22.06.2019 17:30

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.

Answers: 2

Answer

You know the right answer?

Suppose that the government imposes a $10 tax on Humbugs. The pre-tax price of Humbugs was $50, and...

Questions