BUSINESS HIGH SCHOOL

Making a profit by lending money is ____________.a. capital
c. usury
b. barter
d. manufacturing
In a market economy, land, labor, as well as capital, are controlled by the ___________________.
a. individual
c. bank
b. government
d. church

Answers

Answer 1
Answer: The right answer for the question that is being asked and shown above is that: "d. manufacturing." Making a profit by lending money is d. manufacturing 

The right answer for the question that is being asked and shown above is that: "a. individual" In a market economy, land, labor, as well as capital, are controlled by the a. individual

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1. In a pure competition market, producers should produce and sell where P=MC. Why? Why couldn’t they price their product above MC or wherever they want? Explain your reasons.

Answers

In a pure competition market, all products that being sold in that market is EXACTLY the same. None is worse and none is better.

In that condition, Buyers will make their decision based on price ( since all product's quality is possible)

That's why producers should sell where p=MC, which mean they should sell in the lowest price possible to be able to compete with other competitors

Of the following, the most likely effect of an increase in income tax rate would be to

Answers

The most likely effect of an increase in income tax rate would be to INCREASE INT RATES.

Each of 20 consumers is provided with a pack- age containing two different brands of instant coffee. a week later, they are asked to rate the taste of each cof- fee on a scale of 1 (poor taste) to 10 (excellent taste). is this an example of independent samples or dependent samples?

Answers

These are independent samples because the score of one coffee does not affect the score of the other coffee.

If the consumers were comparing the coffees, they would be dependent (one is better or worse when compared to the other). In this case they are independent because rating one coffee a 10 has no effect on what they rate the other coffee.

In which market structure does platinum mining belong? Motivate your answer

Answers

Platinum mining belongs to the market structure that is known as the monopolistic competition.  Monopolistic competition occurs when there are many companies producing differentiated products with a downward sloping demand curve that causes the equilibrium price to surpass the marginal cost.

A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs are for materials and other variable costs, while the per-boat fixed costs (incurred on yearly rent, administrative, and other fixed costs) are $1,000. If boat orders increase to 1000 boats per year, how do per-unit costs change?(A) Variable costs fall to $3,200 per boat and fixed costs fall to $800 per boat(B) Variable costs are unchanged at $4,000 per boat and fixed costs fall to $800 per boat(C) Variable costs are unchanged at $4,000 per boat and fixed costs are unchanged at $1,000 per boat(D) Variable costs rise to $5,000 per boat and fixed costs are unchanged at $1,000 per boat

Answers

Answer:

B

Explanation:

Variable costs are incurred only when a boat is manufactured such as material and direct labor. Thus variable costs will remain unchanged since it will costs the exact same amount to manufacture another identical boat. If it costs $4,000 in material and direct labor to manufacture boat A it will cost $4,000 to manufacture boat B. Fixed costs are sunk costs that will be incurred whether they manufacture 800 or 1,000 boats per year. The rent and admin costs will remain unchanged no matter how many boats are manufactured. But the fixed cost per boat will change. The total fixed costs are $80,000 (800 boats x $1,000 per boat fixed cost). If the manufacturing rate is increased to 1,000 boats per year, the per boat fixed cost will decrease to $800. Fixed costs remain at $80,000/1,000 boats = $800.

A type of taxation in which people and businesses with higher income pay higher taxes is known as _______. A. regressive taxation. B.. . progressive taxation. C.. . flat taxation. D.. . federal taxation. .

Answers

Answer:

B. progressive taxation.

Explanation:

Progressive taxation consists of instituting taxes according to income level. In this type of taxation, people with lower incomes pay a lower rate and people with higher incomes pay a higher rate. This type of taxation imposes a higher tax burden on the rich. This is the opposite of regressive taxation, which consists in imposing a rate that decreases over time as the amount to be taxed increases. In this way the rich pay proportionally less than the poor.
The answer is B. Progressive taxation.
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