Suppose that demand for smartphones is inelastic and the supply of smartphones is elastic. if the government imposes a $10 per smartphone excise tax on the consumption of smartphones, then the price that consumers pay will

a. increase by less than $5.
b. increase by exactly $5.
c. increase by more than $10.
d. decrease by less than $5.
e. decrease by more than $5 but less than $10.
f. increase by more than $5 but less than $10.

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.

Match each business function with its description. operations marketing finance strategy deals with the challenges that a company faces in the ever-changing business environment arrowright deals with debt, stock, and owner’s funds arrowright readies products and services for production and delivers them to the market arrowright deals with finding, targeting, attracting, and connecting with the right customers