All else equal, imposing taxes in markets where demand and supply are price inelastic not only causes less inefficiency but also raises more revenue.
What is meant by price inelastic?
Inelastic is an economic term referring to the static quantity of a good or service when its price changes. Inelastic means that when the price goes up, consumers' buying habits stay about the same, and when the price goes down, consumers' buying habits also remain unchanged.
What is inefficiency in business?
Inefficiency is defined as a lack of organization or skill that wastes time, energy, or money. For business owners, it is the practice that sparks a worst-case scenario. Every penny spent on tools and software to make the business run smoother is the cost of running an efficient organization.
What do revenue means?
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.
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B. Command economy
This is because this is exactly what. Command economy does
Can charge a premium price for its items or goods and also for administrations charges usually termed as services .
Since clients need to see items as being justified regardless of the higher sticker price, a business must endeavor to make an esteem observation. Alongside making an excellent item, proprietors ought to guarantee their showcasing endeavors, the item's bundling and the store's stylistic theme all join to help the superior cost.
Answer:
The basic earnings per share is $4.15
Explanation:
Earning Per Share : Earning Per share shows a ratio between net income and weighted average outstanding shares.
In mathematically,
Earning Per Share = Net income ÷ weighted average outstanding shares
where,
Net income = $269,915
And, On Jan 1, 2018 the share is 50,000 whereas on April, 2018 the shares is 20,000. But we have to calculated for the December period. From April to December there are 9 months.
So, April 2018 shares = 20,000 × 9 ÷ 12 months = 15,000 shares
Hence, total weighted average outstanding shares is
= 50,000 +15,000
= 65,000 shares
Now, apply the above formula for computation
= $269,915 ÷ 65,000 shares
= $4.15 per share
Thus, the basic earnings per share is $4.15