what would happen to the typical long-run average total cost curve of the average american firm if the government cut taxes?

Answers

Answer 1

The usual long-run average total cost curve of the typical American corporation will move to the left if taxes are reduced by the government. The right response in this case is option B.

Because manufacturers must pay for each unit sold, the marginal cost and the average variable cost are impacted by changes in the tax rate. Average total cost is the sum of the average variable cost and average fixed cost.

Therefore, the average total cost decreases when the average variable cost decreases due to a decrease in tax. LATC also moves to the left. In the long term, businesses have a choice in manufacturing technology, making all expenses variable costs. The term "economies of scale" describes a situation in which the average cost falls as the volume of output rises.

Complete question:

What would happen to the typical Long-Run Average Total Cost Curve of the average American firm if the government cut taxes?

A - The tax cut will only impact the short-run cost curves.

B - It would shift to the left.

C - It would shift downward.

D - The left-hand side would slope lower and the right-hand side would shift higher.

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Related Questions

why is market development necessary ?

Answers

A marketing development strategy is important because it helps a business grow and reach new customers in a planned, structured way. Expanding your audience creates the potential for more leads, more sales, and more revenue, but in-depth research is essential to make sure there's value in targeting new customers.

Synthesizing Suppose you were told that you would
earn $95,000 in 2020. Explain why this information
would say little about the standard of living you might
enjoy. What other information would you need before
you could evaluate how well you could live in 2020?

Answers

Answer:

The nominal earnings is only one side of the story. The thing that matters is what the earnings would be able to buy. Hence, we need to know how the prices are going to change, and what are is the expected inflation. If the inflation is very high, the same nominal money would be able to buy less goods and if the inflation is more, the same nominal money would be able to buy more goods.

Explanation:

The answer is the explanation

Before evaluating how well I could live in 2020, there are several other factors that need to be evaluated.

Evaluation for living

Many things need to be evaluated. These include the rise in price of every thing from food, petrol, and other basic necessities. It is important to note that what our earnings would be able to buy. Earnings will decide how better can we live in 2020.

Standard of living

Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area. Standard of living is relevant because it is considered to contribute to an individual's quality of life.

Thus, many things need to be evaluated before deciding how well we are going to live in 2020.

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Most advertising spending is directed to _____.

Answers

Answer:

the internet

Explanation:

When a provider signs a contract to be a participating provider with an insurance payer they are agreeing to:

Answers

Answer:

Accept the fee schedules set by the insurance company.

Explanation:

A participating provider is defines as one who has entered into a written agreement with an insurance company to provide a given range of Medicare Part B services on an assigned basis.

Usually various fees are scheduled for each of the services provided.

The discount on services in this instance is not much and they are always obligated to provide service.

On the other hand preferred provider is one who provides services at a discount.

Which of the following are not traits of entrepreneurs?
I
energy
dishonesty
dedication
dependence

Answers

Answer: dishonesty and dependence.

Explanation:

Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.

Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.

Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.

Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.

Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.

Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.

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Which examples demonstrate common Production work environments? Check all that apply.

Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.


((answer: A, B, E))

Answers

Answer:

The answer is A,B,E

Explanation:

Jus took the test and got a 100

The examples that demonstrate common production work environment are:

Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshop

What is Production work environment?

Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.

The above means that production work environment is where people carry out assembling work, production work, etc.

Hence, the examples that demonstrate common production work environment are:

Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshop

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Choose all items that represent characteristics of a resume:

is a summary career portfolio data

is the same thing as a career portfolio

is not used for a job application

is typically organized by jobs or skills

is ideally one or two pages in length

Answers

It should be b I believe

Answer:

is a summary career portfolio data

is typically organized by jobs or skills

is ideally one or two pages in length

is the same thing as a career portfolio

Explanation:

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how has advertising encouraged increased productivity by both management and labor? multiple choice question.

Answers

According to the question we have ,through the promotion of the economic, social, and cultural benefits of a free society.

What is an example of productivity?

Production per worker as well as output per hour are standard metrics for determining productivity. A manufacturing company may employ each employee's capacity for producing a specified number or value of goods in a certain period of time as a productivity indicator.

What does work productivity mean?

Employee productivity, sometimes referred to as workforce productivity, is a measurement of a worker's or a group of workers' effectiveness. Productivity can be required to look or at productivity of a worker over a specific time.

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If a household tends to spend a relatively large portion of any income it receives, what can we predict about this household

Answers

If a household tends to spend a relatively large portion of any income it receives, either the income of the household is low to cater for their needs or their marginal propensity is high.

Marginal propensity

Marginal propensity to consume (MPC) is a metric used to determine what proportion of additional income a consumer spends on the buying of goods and services to the amount of money saved. Also, if the consumer receives a low income, almost all would be spent and little amount would be saved.

Hence, If a household tends to spend a relatively large portion of any income it receives, either the income of the household is low to cater for their needs or their marginal propensity is high.

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describe the difference between a landing strip and a runaway

Answers

Answer:

a runway is where the plane takes off and a landing strip is where the plane lands

Explanation:

5. Which option defines a tax benefit? (1 point)

A. a type of tax form that needs to be completed each year.

B. some type of savings for taxpayers

C. a government loan

D. a government bond affiliated to tax collection

Answers

Option D. a government bond affiliated to tax collection defines a tax benefit.

The required details about tax collection is mentioned in below paragraph.

Tax collections way all bills obtained on or with admire to the Included Leases or the associated Equipment which are Excluded Amounts on account of any taxes, expenses or different prices imposed through any Governmental Authority.In order to garner profits for the authorities to finance social projects, tax is amassed from people and businesses via direct tax and oblique tax. These tax collections shape the authorities's sales. Revenue receipts may be of types — non-tax sales and tax sales.Collecting taxes and expenses is a essential manner for countries to generate public sales that make it viable to finance investments in human capital, infrastructure, and the availability of offerings for residents and businesses.

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Answer: some type of savings for taxpayers

Explanation:

Match the type of costs of quality to its description Costs of the inspection, testing, and other tasks to ensure tha the product or process is acceptable Training Costs for defects incurred within the system: scrap, rework, repair Costs for defects that pass through the system and found after shipment usually with the customer [Choose ] Prevention costs Appraisal costs Internal failure costs External failure costs [Choose] [Choose ]

Answers

Prevention costs: Training Costs.

Appraisal costs: Costs of inspection, testing, and other tasks to ensure product/process acceptability.

Internal failure costs: Costs for defects incurred within the system (scrap, rework, repair).

External failure costs: Costs for defects found after shipment (usually with the customer).

1. Prevention costs: These costs are incurred to prevent defects from occurring in the first place. They are associated with activities that aim to identify and eliminate potential quality issues early in the process. Prevention costs may include activities such as quality planning, training, process improvement initiatives, design reviews, and supplier evaluation.

2. Appraisal costs: These costs are incurred to assess and ensure the quality of products or processes. They involve activities related to inspection, testing, measurement, and other forms of evaluation to determine if the product meets the required specifications.

Appraisal costs may include equipment calibration, quality audits, testing materials, and the time and effort spent on conducting inspections.

3. Internal failure costs: These costs are associated with defects and quality issues that are identified within the organization before the product reaches the customer.

They include the costs of reworking, repairing, or scrapping defective products, as well as the costs of investigating the causes of failures, production downtime, and potential disruptions to the workflow.

4. External failure costs: These costs occur when defects or quality issues are identified by the customer after the product has been shipped or delivered.

External failure costs can involve product recalls, warranty claims, customer complaints, product returns, legal expenses, and damage to the company's reputation. These costs can be significant, as they often involve not only financial consequences but also the loss of customer trust and future business opportunities.

By categorizing costs of quality into these four types, organizations can better understand and manage the different aspects of quality-related expenses. The goal is to minimize internal and external failure costs by investing in prevention and appraisal activities, ultimately improving overall product or service quality.

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The mean annual wage of copywriters exceeds that of editors.

True
False

Answers

Answer:

True

Explanation:

Atman sets the goal for his sales team to increase revenue by 40%. Which main function of a manager does this demonstrate?

Answers

Answer:

Planning

Explanation:

Planning is one of the major functions of a manager.  The others are organizing, leading, and controlling.

Planning involves setting an organization's goals and objectives and putting in measures to achieve them. A manager must select the best option for achieving the set goals. Planning will include allocating human and other resources in areas they are best suited and setting timelines for completing critical tasks. The planning role requires managers to delegate responsibilities, set priorities, and check on progress to ensure the organization is on track in meeting its goals.

What certificate will we get if we become a teacher?​

Answers

Answer:

You can get a teaching certificate or an alternative certification, but go for the nationally-recognized board certification when you're eligible. Use the best job sites. The best job sites, for teaching jobs, are the websites of the school and school district themselves.

a client maintains perpetual inventory records in both quantites and dollars. if the assessed level of control risk is high, an suditor would probably

Answers

A client maintains perpetual inventory records in both quantites and dollars. if the assessed level of control risk is high, an suditor would probably Request the client to schedule the physical inventory count at the end of the year.

A perpetual inventory system, as opposed to a physical inventory, is a program that constantly assesses your inventory based on your electronic data. This approach begins with a physical count as the baseline and changes based on receipt of purchases and shipment of goods.

Because perpetual inventory systems provide real-time tracking of sales and inventory levels for specific goods and assist to minimize stockouts, they may be preferable than outdated periodic inventory systems.

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You've observed the following returns on Crash-n-Burn Computer's stock over the past five years: 3 percent, -9 percent, 29 percent, 18 percent, and 15 percent. What was the arithmetic average return on the company's stock over this five-year period? 11.20% What was the variance of the company's returns over this period? 0.02230

Answers

The variance οf the cοmpany's returns οver the five-year periοd is 0.113528%, οr apprοximately 0.02230 when expressed as a decimal.

Hοw tο calculate the arithmetic average return?

Tο calculate the arithmetic average return, we sum up all the returns and divide by the number οf returns.

Arithmetic average return = (3% + (-9%) + 29% + 18% + 15%) / 5

Arithmetic average return = 56% / 5

Arithmetic average return = 11.2%

Therefοre, the arithmetic average return οn the cοmpany's stοck οver the five-year periοd is 11.2%.

Tο calculate the variance, we need tο find the squared difference between each return and the arithmetic average return, sum up thοse squared differences, and divide by the number οf returns.

Step 1: Calculate the squared differences:

(3% - 11.2%)² = (-8.2%)² = 0.06724%

(-9% - 11.2%)² = (-20.2%)² = 0.40804%

(29% - 11.2%)² = (17.8%)² = 0.031684%

(18% - 11.2%)² = (6.8%)² = 0.04624%

(15% - 11.2%)² = (3.8%)² = 0.01444%

Step 2: Sum up the squared differences:

0.06724% + 0.40804% + 0.031684% + 0.04624% + 0.01444% = 0.56764%

Step 3: Divide by the number οf returns:

0.56764% / 5 = 0.113528%

Therefοre, the variance οf the cοmpany's returns οver the five-year periοd is 0.113528%, οr apprοximately 0.02230 when expressed as a decimal.

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What are 10 things that makes a business a disruptor? (must have 10 reasons cannot be the same)

Answers

Some of the things that make a business a disruptor are:

Unstable expectationsIrregular business modelsInconsistenciesComplex business modelsComplex ecosystemsLack of job satisfaction

What is a Business Disruptor?

This refers to the factors that disrupt the normal flow of a business due to inconsistencies, etc.

Hence, we can see that based on the fact that for an effective business to run, it needs to have good vision and mission statements that are clear and easy to follow.

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How does saving money help people avoid debt?

A.by helping them reduce interest payments

B. By helping them get approved for loans

C.by helping them apply for credit cards

D. By helping them cover unforeseen expenses

Answers

Answer:

D. By helping them cover unforeseen expenses

D Helping them cover unforeseen expenses

a retailer acquires merchandise for resale. how would this be recorded in a perpetual inventory system?

Answers

Debited to the inventory account.


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Scott and Mary have accepted a​ three-year international relocation for work. Both are still paid in U.S.​ dollars, and their paychecks are automatically deposited to a U.S. Bank. When they need​ cash, they use local ATMs that allow them to withdraw funds from their U.S.​ bank, but the ATM gives them the equivalent in local currency. Which type of system does the U.S. Bank use to transfer money almost​ instantly, and in the currency needed by the​ user?

Answers

Answer:

The answer is "Electronic Funds Transfer".

Explanation:

It is a financial exchange electronically, which is also known as direct deposit salary services with ATM, which Cash subsidies among buyer marketing authorization, which implies digitally moving funds from one bank to the next. It's accomplices through the exchange of paper currency or certificates. The bank account is among the most popular applications of EFT.

what is professional education!​

Answers

Answer:

Professional education is a formal specialized training about a particular profession in which learners are taught the central concepts, principles, and techniques, and how these are applied in real practice, and the learners also acquire the necessary competencies needed for proper practice and behaviour.

Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior.

Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!

Answers

Explanation:

1. percentage of a consumer's budget

The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.

What determines price elasticity of demand?

The price elasticity of demand refers to how much demand can change as a result of a change in price.

If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.

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What are two ways a consumer may purchase an item on credit other than by hire purchase method?​

Answers

Answer:

A  person using a credit card. He uses the credit card to pay for goods and services, then he repays the credit card company at a future date.

One type of installment closed-end credit is a car loan. The car company offers the consumer credit to buy the car. The credit does not extend beyond the sales price of the car. In addition, the person pays the credit in installments over a period of time instead of paying it back in one lump sum.

Explanation:

what do you prefer local fundraising or global fundraising and why? (just one reason)

Answers

Answer:

Doing local fundraising for a large organization can sometimes seem complicated and unwieldy.  Whether you are running a local affiliate of a large national organization, or are responsible for raising funds in a single neighborhood for a small, city-wide charitable group, raising local money for larger groups presents a unique challenge. I prefer local fundraising

global fundraising

Explanation:

because you can help people without water and electricy

our company has reviewed the utilities bills for our company. we have determined that the highest and lowest bills were $5,000 and $3,200 for the months of january and september. if we produced 1,050 and 600 units in these months, what was the fixed cost associated with the utilities bill? group of answer choices $435.50 $485.00 $590.00 $800.00

Answers

The fixed cost which associated with the utilities bill is $800.

How to calculate the fixed cost associated with the utilities bill

After reviewing the utilities bills for your company, it was determined that the highest and lowest bills were $5,000 in January and $3,200 in September.

To calculate the fixed cost associated with the utilities bill, we can use the following formula:

Fixed Cost = Total Cost - (Variable Cost per Unit × Number of Units)

First, we need to find the variable cost per unit for both months:

Variable Cost per Unit (January) = ($5,000 - $3,200) / (1,050 units - 600 units) = $1,800 / 450 units = $4 per unit

Now that we have the variable cost per unit, we can calculate the fixed cost for each month:

Fixed Cost (January) = $5,000 - (1,050 units × $4 per unit) = $5,000 - $4,200 = $800.

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For much of the twentieth century, east asia was dominated economically and politically by:________

Answers

For much of the twentieth century, east Asia was dominated economically and politically by Japan.

How to illustrate the information?

It should be noted that East Asia was developed based on the successful market economy and private investment.

In the 20the century, there were domestic instability as well as revolution.

Therefore, For much of the twentieth century, east asia was dominated economically and politically by Japan. This is quite different nowadays as China is a leading power.

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big data analytics a. zappos has eliminated managers, creating a holocracy in which employees make their own decisions about how work will be done and how they will serve customers. radical decentralization b. express scripts developed beeping medicine bottle caps to remind patients when it is time to take the next dose of their medication.

Answers

Express Scripts implemented an innovative solution to ensure patient adherence to medication regimens by introducing beeping medicine bottle caps.

a. Radical decentralization is a practice of allowing employees to make their own decisions in the workplace, without having to consult or go through a manager. By eliminating managers, Zappos has adopted this practice and created a holocracy, which places the decisions of how work is done and how customers are served in the hands of the employees.

b. Express Scripts has implemented a system of beeping medicine bottle caps to remind patients when it is time to take their next dose of medication. This use of Big Data Analytics helps to ensure patients are taking the correct dosage at the correct time and helps to improve medication adherence.

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Select the two statements about owners of equity in a business that are TRUE.
1.Contractors own equity.
2.A Partner owns equity.
3.All stakeholders own equity.
4.Founders own equity.

Answers

Answer:

2 and 4

Explanation:

Contractors are people who work for the company, but are not employees. They don't own equity.

A partner is one of the shareholders in a company, and owns equity.

Stakeholders are anyone with an interest in the company's success, including its clients. They don't necessarily own equity.

The founder owns all of the equity until she takes on partners, who then own part of the equity.

A Partner owns equity and Founders own equity are the two statements about owners of equity in a business that are TRUE. The correct option is 1 and 2.

Equity in a company refers to ownership interests. Equity is typically held by partners and founders to represent their ownership stake in the business. While founders are the original creators or co-creators of the business, partners are people who share ownership and responsibility in a business venture.

On the other hand, contractors may offer services to the company but usually do not hold ownership rights. The phrase "all stakeholders" refers to a wide range of people and organizations that are impacted by the business, including staff members, clients, vendors and investors. Despite the fact that some stakeholders may have equity ownership not all of them will. As a result the statements that partners and founders own equity in a business are true.

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investors expect the market rate of return this year to be 16.00%. the expected rate of return on a stock with a beta of 0.8 is currently 12.80%. if the market return this year turns out to be 14.00%, how would you revise your expectation of the rate of return on the stock?

Answers

Using the capital asset pricing model, if the market return is 14.00%, the revised expectation for the rate of return on a stock with a beta of 0.8 would be 11.20%.

The expected rate of return on a stock can be calculated using the capital asset pricing model (CAPM) formula:

Expected Rate of Return = Risk-Free Rate + Beta × (Market Rate of Return - Risk-Free Rate)

Given:

- Market Rate of Return = 16.00%

- Beta = 0.8

- Expected Rate of Return = 12.80%

Let's calculate the risk-free rate using the information given:

12.80% = Risk-Free Rate + 0.8 × (16.00% - Risk-Free Rate)

12.80% = Risk-Free Rate + 0.8 × 16.00% - 0.8 * Risk-Free Rate

12.80% = 0.8 × 16.00% - 0.8 × Risk-Free Rate + Risk-Free Rate

12.80% = 12.80% - 0.8 × Risk-Free Rate + Risk-Free Rate

0 = -0.8 × Risk-Free Rate + Risk-Free Rate

0 = 0.2 × Risk-Free Rate

Risk-Free Rate = 0

Therefore, the risk-free rate is 0%. Now, we can revise our expectation of the rate of return on the stock given that the market return is 14.00%:

Expected Rate of Return = 0 + 0.8 × (14.00% - 0)

= 0.8 × 14.00%

= 11.20%

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