Answer:
Elastic demand and inelastic supply : producer will share the burden
Inelastic demand and elastic supply: Consumers will share the burden
Explanation:
If the demand is very elastic and the supply is very inelastic, the burden of the tax will be borne largely but the producers. The surplus of the producers will decline substantially, because of very elastic demand of buyer the demand for athletic socks will decline. In the case of very inelastic demand and very elastic supply, the burden of the tax will be borne largely by the consumers. Similarly, due to high elastic supply, the supply of athletic socks in the market will decline and so as the consumer surplus.
Answer:
The correct answer is letter "A": True.
Explanation:
Citizenship Behavior is the set of activities employees perform within their work frame that contributes to the firm's productivity regardless of a reward. When those employees supervise the subordinates' citizenship behavior, they consider those workers' attitudes to influence their wages and the promotions they receive adding the performance of the employees in their day-to-day activities.
Answer and Explanation:
Classical Theory:
Classical theory states that the economy is free flowing and that there should be no outside intervention. It states that the prices and wages move up and down freely. During good times the prices and wages tend to increase and during bad times or recession the prices and wages are adjusted accordingly to downwards.
Another vital information pertaining to classical theory is that it states: economy is always at full employment level of output. Which means that the aggregate supply curve is vertical and this implies that the increase in aggregate demand or a decrease in aggregate demand will lead to increase or decrease respectively. However, the output will remain same in the economy when it comes to the classical approach.
Explanation:
The preparation of bank reconciliation is presented below:
Crane Company
Bank reconciliation statement
July 31, 2022
Particulars Amount Particulars Amount
Bank cash balance $9,222 Company cash balance $9,328
Deposits in transit $3,763 Collections $2,120
Less: Outstanding Less: service fee -$53
Check -$1,590
Bank balance Company balance
After reconciliation $11,395 After reconciliation $11,395
Answer:
The least that this option should sell for is $3,125.
Explanation:
Acording to the data, we have the following:
The current spot exchange is $1.55=€1.00
The call option has a strike price of $1.50=€1.00 and spot price is €62,500
Hence,to calculate the least value this option should sell for we have to calculate the following:
$1.55-$1.50=$0.05
Hence, $0.05*62,500= $3,125.
