Gemma, Who Owns the Tutorial Service Math Machine, Is Contemplating

question 17

Multiple Choice

Gemma, who owns the tutorial service Math Machine, is contemplating whether to let one of her experienced tutors open a second location in an adjacent town. She is facing a _______ decision.

• A) routine
• B) programmed
• C) nonroutine
• D) nonprogrammed
• E) satisficing

Calculate the total surplus before and after a tax is imposed.

Distinguish between consumer and producer surplus before and after taxation.

Understand the concept of deadweight loss due to taxes.

Comprehend how the burden of a tax is distributed between buyers and sellers.

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Definitions:

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The business strategy that leverages IT to dramatically improve employee, customer, and business partner relationships; support continuous improvement in business operations and business processes; and develop new business models and businesses.

Law Enforcement

Refers to government agencies and officers responsible for maintaining public order, preventing and detecting crime, and enforcing laws.

Drones

Unmanned aerial vehicles (UAVs) capable of flying autonomously or via remote control, used for various purposes including surveillance, delivery, and photography.

Global Warming

The long-term rise in the average temperature of the Earth’s climate system, largely attributed to the greenhouse gas emissions produced by human activities.