In the Absence of Taxes, Carlos Would Prefer to Purchase

question 190

Multiple Choice

In the absence of taxes, Carlos would prefer to purchase a large fishing boat with a 75 hp motor. The government has recently decided to place a tax on boats with 75 hp motors or higher. If Carlos decides to purchase a smaller boat with a 50 hp motor as a result of the tax, which of the following statements is correct?

• A)Other people who choose to purchase large boats will incur the cost of the deadweight loss of the tax.
• B)There are no deadweight losses as long as some people still choose to purchase large boats.
• C)The deadweight loss will decrease as a result of an increases in Carlos's consumer surplus.
• D)Carlos is worse off, and his loss of welfare is part of the deadweight loss of the tax.

Differentiate between inbound and outbound transportation costs and their impact on supply chain efficiency.

Comprehend the role and impact of technology in enhancing supply chain visibility and tracking.

Analyze the implications of supply chain design choices on logistics costs and customer service levels.

Recognize the trade-offs involved in selecting a particular distribution network design.

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Definitions:

Lucrative Job

A job or employment that is highly profitable and provides a significant financial return or benefit.

Monogamy

A relationship model where an individual has only one partner during their lifetime or at any one time.

Polygyny

A form of marriage in which one man is married to multiple women at the same time; it is the most common form of polygamy.

Bigamy

The act of marrying one person while still legally married to another, which is illegal in many jurisdictions.