Using the appropriate diagrams‚ explain why the relative burden (incidence) of an indirect tax on the producers & on the consumer varies depending on the price elasticity of demand for the good/product. Indirect Tax is a tax placed upon the selling price of a product‚ so it raises the firm’s cost and shifts the supply curve left or vertically upwards depending on the amount of tax. Because of this shift‚ less products will be supplied at every price. The diagram below shows the effect of imposing
Premium Supply and demand Elasticity Price elasticity of demand
Father and Son The relationship between a father and his son‚ are supposed to be one of the strongest relationships there is. The father is a role model and provides for his son the best he can‚ while the son helps the family‚ and makes his parents proud. Usually‚ this is not the case‚ nowadays‚ the son tends to be lazy‚ while the father stresses himself out. Or‚ the father leaves the family‚ which forces the mother to step up to provide income‚ making the son the "man" of the family. My relationship
Premium Family Father Mother
Compensation Compensation has a different definition to different organizations. According to Dictionary.com‚ “compensation is defined as the act or state of being compensated or something is received or given as an equivalent for services‚ debt‚ loss‚ injury‚ etc.” In the business world‚ compensation is the total monetary and non-monetary pay and benefits provided to an employee by an organization for performing their job duties as specified and required. Compensation is based on numerous
Premium Human resource management Money Management
Viking Women It is said that the difference between viking males and females was very distinct. Vikings lived in very large family groups as everyone lived together. The eldest son would take over the farm and he would become the head of the family. His wife had to see that the food her husband brought home lasted through the long winters. Women were expected to know about the herbs for making medicine. The farm animals were also her responsibility and when her husband went trading she was in charge
Premium Gender Gender role Woman
they were to stretch the 1 and 0 out it would reach about 3 miles if not longer than 3 miles. Usually‚ the bumps are a nanometer in diameter and a nanometer is 100‚000ths of a piece of paper so that means the bumps are really small. What’s the difference between Bluray and regular DVD? Bluray and regular DVD are different in playing moves. The red line on a regular DVD is fatter than the blue ray. The Blu-ray‚ on the other hand‚ has a thinner line and it is blue. With that in mind‚ it means the Blu-ray
Premium Plastic Recycling Waste management
I. Overview Value Line Publishing is an investment survey firm wherein Carrie Galeotafiore presents a five-year financial forecast that shows Home Depot in a positive light. It also prepares to do the same with an analysis of Lowe’s. Home depot and Lowe’s are merchandising companies which operate in the same market including initiatives aimed at bettering customer service‚ attracting professional customers and creating a more favorable merchandise mix. II. Problems/Opportunities 1. Acquisition
Premium Marketing Strategic management Management
Compensation Management Q1.a. What is the role of compensation and rewards in modern organization? What arethe advantages of a fair compensation system? Ans1a. Role of Compensation and Reward in Organization: Compensation and Reward system plays vital role in a business organization. Since‚ among four Ms‚ i.e Men‚ Material‚ Machine and Money‚ Men has been most important factor‚ it is impossible to imagine a business process without Men. Land‚ Labor‚ Capital and Organization are four major factors
Premium Wage Minimum wage Employment
Karl Marx defined the American Civil War as a struggle between two historical epochs –the feudal and the capitalist (Post‚ 2011). The Civil War was a war between the North and the South after several states in the south seceded following Lincoln’s Presidency. The war first started off so as to defend states’ rights‚ however as it progressed the war was fought
Premium Southern United States American Civil War United States
Abraham Lincoln and slavery. As a child everyone is taught that Lincoln freed the slaves and that’s the end of that. However‚ history is a culture of argument‚ which allows for different people to interpret history differently. That is exactly what happens between James McPherson and Ira Berlin. While trying to come up with the answer to "Who Freed the Slaves" they came to two different ideas. McPherson decides that Lincoln freed the slaves and Berlin decided that the slaves created the perfect environment
Premium American Civil War Abraham Lincoln United States
still able to represent a realistic drawing of the bison and rhino‚ but the drawing has two-dimensional properties with the absence of shading found in the Rhino and Horse piece. Another difference is that in the Shaft of the Dead Man painting‚ a story is being told. The major difference of historic significance between these two pieces is that in the Shaft of the Dead painting the first appearance of a male figure in cave drawing was found. It was the only painting that was found in either the Lascaux
Premium Cave painting Culture Civilization