If an excise tax reduces economic surplus why does the government impose the tax? rev: 05_10_2018 Multiple Choice The marginal benefits of programs funded by the tax is worth the marginal cost. The government needs the money to get out of debt. The opportunity cost of having the tax is higher. Tax revenue is scarce and the government needs to tax the right goods.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product