Business, 16.08.2021 20:50, aaburto1515
A government imposes a per-gallon tax on gasoline. The before-tax price of a gallon of gas is $3 per gallon. The after-tax price of a gallon of gas is $10. Demand for gasoline is unchanged after the tax. Which of the following is true?
a. The amount of deadweight loss increases.
b. The demand for gasoline is perfectly inelastic.
c. Producers of gasoline lose revenue after the tax.
d. The supply of gasoline cannot meet the demand.
e. Consumers and producers bear the tax burden equally.
Answers: 2
Business, 22.06.2019 04:00, elijahcraft3
Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.
Answers: 2
Business, 22.06.2019 17:30, gena75
Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery. can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.
Answers: 2
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