Answer:
paragraph
Explanation:
b. high efficiency and low effectiveness
c. low efficiency and high effectiveness
d. low efficiency and low effectiveness
Answer:
The answer is: C) Low efficiency and high effectiveness.
Explanation:
The company Kiddy Toys made a great product (High effectivness) but they couldn´t produce it a reasonable cost, so it was very expensive to sell (Low efficiency). As a result they had a great toy that very few customers could afford to buy.
Sometimes a company is able to manufacture a great product, they had a terrific idea that lots of people will like and want. The problem is that if they can not manufacture that product at a low cost then they will never have high sales volumes. This is the very exact reason why most toys nowadays are created in the US but mass produced in China.
B) Accounts Payable
C) Cash
D) Insurance
E) Capital
F) Sales
Accounts Payable, Insurance, and Capital have normal credit balances.
The accounts that have a normal credit balance are Accounts Payable, Insurance, and Capital.
Accounts Payable is a liability account that represents amounts owed to suppliers or vendors. Insurance is an expense account that records the cost of insurance coverage. Capital is an equity account that represents the owner's investment in the business.
On the other hand, Supplies, Cash, and Sales have normal debit balances. Supplies is an asset account, Cash is also an asset account, and Sales is a revenue account.
#SPJ6
Answer:
correct option is a. average total cost and average fixed cost.
Explanation:
given data
license fee = $1,000 per year
solution
we know that cost curves shift will be express as when the increase in the price of factor of production increase cost and shift cost curves upward
so cost curves shift by the average total cost and the average fixed cost
so here correct option is a. average total cost and average fixed cost.
The government's $1,000 license fee increases both the average total cost and average fixed cost, but does not affect marginal cost. The average fixed cost curve shows the effect of spreading the overhead, meaning as more output is produced, the fixed cost per unit decreases.
The government imposes a $1,000 per year license fee on all pizza restaurants. This fee is a fixed cost, which means it doesn't change with the level of output produced. It will affect the restaurant's total costs, but not the costs associated with producing one more unit, or the marginal cost. Therefore, the cost curves that will shift are the average total cost and the average fixed cost.
A common name for fixed cost is "overhead." If you divide the fixed cost by the quantity of output produced, you get the average fixed cost. With a supposed fixed cost of $1,000, the average fixed cost curve would start from the intercept at $1,000 on the vertical axis (when output is zero), and it would decrease as the quantity of output increases, which represents the "spreading the overhead." This means that as you produce more, the fixed cost is spread over more units, and therefore the cost per unit decreases.
If the government decides to tax the sale of drugs, the effect of the tax will likely be that tax revenues are generated. The unit elastic supply curve means that the percentage change in quantity supplied is equal to the percentage change in price.
Therefore, the per-unit price received by sellers will increase by the same percentage as the per-unit price paid by buyers. However, since the demand for drugs is inelastic, meaning that the quantity demanded does not change much in response to changes in price, the burden of the tax is likely to be higher for buyers than for sellers.
As for the amount of tax revenue generated, it will depend on the elasticity of demand and supply. If the demand is highly inelastic, then the tax revenue generated will be significant as buyers will be willing to pay a higher price despite the tax. On the other hand, if the demand is elastic, meaning that the quantity demanded is very sensitive to changes in price, then the tax revenue generated will be minimal as buyers will seek alternatives to drugs.
In conclusion, the unit elastic supply curve means that the tax will result in both the per-unit price received by sellers and the per-unit price paid by buyers increasing by the same percentage. However, due to the inelastic demand for drugs, the burden of the tax is likely to be higher for buyers than for sellers. Finally, the amount of tax revenue generated will depend on the elasticity of demand and supply.
Learn more about buyers here:
#SPJ11