We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Short answers - Coursework Example

Comments (0)
If a tax is placed on the seller of a good, then it depends that whether the seller will bear the complete tax burden or whether he will pass the whole or partial of the tax burden to the consumer. If the product’s demand is highly elastic then a small increase in price will…
Download full paper
Short answers
Read TextPreview

Extract of sample
Short answers

Download file to see previous pages... So under such situation the seller will pass the entire tax burden on the consumer and will remain unaffected himself.
If the price elasticity of demand (PED) of a product is 0.75, then it means that the product has an inelastic demand. This means a percentage change in price is not followed by a significant change in quantity demanded. If the firm decides to increase the price by 20 % then quantity demand will be negligibly affected and the total revenue will increase.
Total revenue increases if either price increases or QD increases. Here price is increasing by a greater proportion then the decrease in QD, therefore the overall total revenue for the firm will also increase.
The above shows that after the price change, the marginal utility per dollar spent on pretzels is higher than the marginal utility per dollar spent on beer. Under such circumstances the consumer should spend more on pretzels and less on beer. He should continue to do so until the marginal utility per dollar spent on both the goods become equal.
If by hiring additional labor the total output increases with the decreasing rate, then the labor can said to have diminishing returns e.g if a firm hires 4th unit of labor, then the total output increases by 10 units. However when the firm hires 5th unit of labor, then the total output increases by 8 units only. So under such situation the total output is increasing but with a decreasing rate, this is known as diminishing returns. Similarly if a firm currently has 4 labors and they were producing 300 units per day. Now if the firm hires 5th unit of labor, but they manage to produce only 270 units per day, then this is known as negative returns, as the total output decreases with additional labor.
The good produced under perfect competition are homogenous i.e goods of an individual firm is exactly identical to the goods of the other firm, they are perfect substitutes. So if an individual firm tries to charge a higher price on the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
A SWOT analysis has been highlighted below in order to determine the internal strengths, weakness and external threats, opportunities for Caffe Nero Group LTD. Strengths Provider of fresh food and excellent coffee. High Profitability and Rapid Growth. Effective product differentiation strategy and huge range of products.
4 Pages(1000 words)Coursework
World History Final take home exam
It also stated that American continent was not to be considered as being subjects to any future colonization in reference to powers originating from European states. 1. The Berlin conference mainly focused on ways of Africa in a
3 Pages(750 words)Coursework
Short Answer (strategic planning)
It is a short, clear and credible picture of how an organisation sees itself once it has successfully implemented its strategies and attained its optimal potential. A vision plays a key role in strategic planning. It inspires action by pulling ideas, people and
2 Pages(500 words)Coursework
So that is what was required in the cell K8. The requirement of the question was to use the HLOOKUP function to find the approximate commission rate from the. The Excel Hlookup function is used when a data is stored horizontally on worksheet. When the first row that was
1 Pages(250 words)Coursework
Short Answers on Merchants of Cool
Statistics show that the teen generation spent over $100 billion and influenced other generations, especially their parents, to spend approximately
1 Pages(250 words)Coursework
Short answers
Context is linked to how archeologists interpret artifacts in terms of their connection or disconnection to phenomena, which may be construed as either relevant or not relevant. Context is social and is susceptible to analysis
1 Pages(250 words)Coursework
This is because it is difficult to identify the most effective personality test for a specific job. The same personality tests cannot be applied to all jobs (Stabile, 2008). In addition, it is easier for subjects to cheat
2 Pages(500 words)Coursework
Short answers,Times New Roman,font size 10.5
Another source of opportunity identified by Drucker is incongruity. It is an element that emphasizes the issues of discrepancies
4 Pages(1000 words)Coursework
Read article and write answers questions
American workers will gravitate to their area of comparative, communications-related occupations, whereas immigrants will stick to physical labor and manual tasks. This will increase the
1 Pages(250 words)Coursework
International Estate Planning Benchmark Assignment 3
beneficiaries and Mr. X transfers securities valued at $1 million and a basis of $500,000 to the trustee of the trust, if he subject to capital gains tax on such a transfer? 4. A U.S. settlor creates and funds
1 Pages(250 words)Coursework
Let us find you another Coursework on topic Short answers for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us