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kaheart [24]
2 years ago
11

A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a

variety of different tolls and records information on how many drivers cross the bridge. The city thus gathers information about elasticity of demand. If the city wishes to raise as much revenue as possible from the tolls, where will the city decide to charge a toll: in the inelastic portion of the
Business
1 answer:
lara [203]2 years ago
8 0

Answer: in the inelastic portion of the demand curve

Explanation:

Remaining part of the question is:

.. in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion?

Elasticity measures how much quantity demand changes in response to a change in price.

An inelastic demand means that when prices change, demand does not change as much. You can therefore increase prices with a good that has inelastic demand and still expect close to the same demand.

If the city wants to raise as much revenue as possible from the tolls, they should increase prices on the inelastic portion. Because it is inelastic, the demand will remain close to the same which would increase revenue as the same number of people are paying higher.

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To increase tax revenue, the U.S. government imposed a 2-cent tax on checks written on bank account deposits in 1932 (in today's
Virty [35]

Answer:

b. Under this check tax, the money supply would have increased, because the currency-deposit ratio increased, which in turn increases the money multiplier.

Explanation:

5 0
2 years ago
Sherburne Snow Removal's cost formula for its vehicle operating cost is $2,510 per month plus $371 per snow-day. For the month o
9966 [12]

Answer:

Total cost= $8,817

Explanation:

Giving the following information:

Sherburne Snow Removal's cost formula for its vehicle operating cost is $2,510 per month plus $371 per snow-day.

The actual level of activity was 17 snow-days.

<u>The flexible budget will adapt the standard cost to the actual usage.</u>

Flexible budget:

Fixed costs= 2,510

Variable cost= 371*17= 6,307

Total cost= $8,817

8 0
2 years ago
A company manufactures components for use in producing one of its finished products. when 12,000 units are produced, the full co
Temka [501]

Cost of Making the product is as below, We shall exclude the amount of $3 per unit of fixed cost as it is not a relevant cost

Cost of Manufacturing Cost of Buying Difference

Direct Materials $5

Direct Labour $15

Variable Overheads $10

Fixed Overheads $2

Total Manufacturing Cost $32

Total Purchase Cost $37

Total Cost (12000 Units) 384000 444000 60000

Rent Income (40000) (40000)

Total Difference 20000

Thus as can be observed above the company incurs an extra cost of $20000 if it purchases the component from a third party. Thus its advisable if the company produces the component in its own premises.

6 0
2 years ago
Helena is looking for an advisor who can help guide her as she invests. She also wants to reduce transaction and trading costs.
Trava [24]

The correct answer would be option D. Mr. Jones, who has positive client reviews and charges moderate fees.

Her goal is to achieve a 8% return in one year so that she can buy a house. Mr. Jones, who has positive client reviews and charges moderate fees, would be the most appropriate one for her.

Explanation:

When choosing the best for you, you must make a decision by considering all the factors contributing in the choice of that alternative.

So when Helena wants to hire an adviser who can help her guide her with the investments, she should choose the one who has positive clients' reviews. This would be to first priority for Helena to choose the adviser. Secondly if that adviser charges moderate fee, then this would be a plus point for that alternative.

So Helena must choose Mr. Jones who has both positive reviews as well as charges moderate fees.

Learn more about decision making at:

brainly.com/question/9075718

#LearnWithBrainly

5 0
2 years ago
You run a small classroom market experiment with only three buyers and three sellers. The willingness to pay​ (reservation value
BabaBlast [244]

Answer:

Please see attachment .

Explanation:

Please see attachment .Please note that the sketch for supply and demand curves  are staircase shaped.

7 0
2 years ago
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