b) supply curve will shift upward by the amount of the tax.
c) equilibrium quantity demanded will increase relative to the pretax level.
d) demand curve will shift downward by the amount of the tax.
Answer:
D) demand curve will shift downward by the amount of the tax.
Explanation:
An excise tax is a tax levied on specific goods or services, e.g. gas tax.
This tax will have a similar effect on the quantity demanded as a price increase. But instead of shifting the equilibrium point with the demand curve, it will shift the whole demand curve to the left. This leftward shift will reduce the quantity demanded at every price level, which in turn will lower the equilibrium price.
This tax will hurt both consumers and suppliers since it reduces the number of units sold and it increases the price of the cars.
b. March 5.
c. March 10.
d. March 15
Answer:
C: March 10
Explanation:
In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.
Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.
B.) by increasing the rate
of return
C.) by increasing the liquidity of investments
D.) by spreading investment capital over many investments
b. Its marginal cost is $5.50, and its average variable cost is $5.50.
c. Its marginal cost is $6.00, and its average total cost is $5.50.
d. Its marginal cost is $6.00, and its average fixed cost is $5.50.
e. Its marginal cost is $6.00, and its average variable cost is $5.50.
Answer:
E. Its marginal cost is $6.00, and its average variable cost is $5.50.
Explanation:
Given that
Output = 100 unit
Total revenue = $600
Fixed cost = $50
Marginal revenue = change in total revenue/change in output
= 600/100
= $6.00
But in a perfectly competitive firm, the profit maximizing choice occurs where Marginal revenue = marginal cost.
Hence, Marginal cost = $6.00
Since fixed cost = 50,
Variable cost = 600 - 50
= 550
Average variable cost = variable cost/output
= 550/100
= $5.50
Answer:
e. Its marginal cost is $6.00, and its average variable cost is $5.50
Explanation:
To calculate the variable costs;
We use this method
Variable costs = change in total revenue - fixed costs
And the average variable cost as = variable cost/output
We are given the values as ;
Total revenue = $600
Fixed cost = $50
Output = 100 units
Calculations
Now marginal revenue will be;
Marginal revenue = change in total revenue/change in output
Marginal revenue = 600/100
Marginal revenue = $6.00
Marginal revenue = marginal costs
Therefore, Marginal cost = $6.00
Now variable cost will be
Variable cost = 600 - 50
Variable cost = $550
Average variable cost = $550/100
= $5.50
b. to inform the audience about how to prepare a tax return
c. an informative speech on the IRS
d. I want to convince my audience that they can prepare their own tax returns.
Answer:
The correct answer is a. Preparing a tax return is a fairly simple process, if you know what documents you need.
Explanation:
Terror should not be imposed on people, due to the complexity that in some cases merits the professional advice of an accountant. For this reason, the best thesis that Morgan can use is to make them see that the process does not really involve excessive efforts if you have all the information at hand. The basic premise in tax matters is the organization, the basic knowledge of the standard ensures important levels of trust.
The suitable thesis statement for Morgan's presentation on tax return preparation would be 'Preparing a tax return is a fairly simple process, if you know what documents you need', as it outlines the specific objective of the presentation.
In selecting a suitable thesis statement for Morgan's presentation on how to prepare a tax return, the best option would be 'a. Preparing a tax return is a fairly simple process, if you know what documents you need.' This statement clearly outlines the objective of her presentation, i.e., to simplify the process of preparing a tax return by outlining the necessary documents.
The second and fourth options convey the general intention of the speech, but they do not capture the specific angle or viewpoint on the topic that a successful thesis statement should have. The third option, 'an informative speech on the IRS', is not correctly focused on the actual topic at hand, which is the preparation of tax returns, not the Internal Revenue Service (IRS) as an entity.
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