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earnstyle [38]
2 years ago
5

2

Advanced Placement (AP)
1 answer:
Gala2k [10]2 years ago
4 0

The information provided best describes an example of: relative value because he is comparing the value of the floor mats relative to the value of the car.

<h3>What is an opportunity cost?</h3>

An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something that is deemed most significant over other available choices, at a particular point in time.

In this scenario, we can infer and logically deduce that the information provided best describes an example of relative value because AJ is comparing the value of the floor mats which cost $250, relative (with respect) to the value of the car, which cost $24,000.

Read more on opportunity cost here: brainly.com/question/8846809

#SPJ1

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Joe earns $52,000 per year, and his income tax rate is 15%. Sally earns $75,000 per year, and her tax rate is 25%. This income t
Airida [17]

Answer:

B- The ability to pay principle

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

In this scenario, Joe earns $52,000 per year, and his income tax rate is 15%. Sally earns $75,000 per year, and her tax rate is 25%. Therefore, this income tax is based on the ability to pay principle of fairness.

The ability to pay principle can be defined as an economic principle which states that, an individual should be made to pay his or her tax based on the level of burden of a tax rate with respect to the level of income. Therefore, an individual who earns more income would pay more tax because they have the ability to pay more.

Hence, the ability to pay principle measures an individual's wealth and financial income. Just like progressive taxation, it involves charging individuals having higher incomes a higher percentage of their total income.

8 0
3 years ago
To earn college credit for ap courses that students take in high school they must
egoroff_w [7]
Earn the points by getting good grades and must pass ap exams.
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There are approximately 12 combinations for a protein that is 50 acids long

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4 years ago
The writer wants to conclude the passage by reiterating the main claim. Which of the following sentences best accomplishes this
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POPULATION STATISTICS FOR CHINA AND INDIA, 2018
Rama09 [41]

Answer:

A. The Birth rate (per 1,000 population) and the birth rate (per 1,000 population)

B. Expected number of children per childbearing woman

C. 50 years

D. The population will decrease

E. Unusually low rate of natural increase and total fertility

Explanation:

A. The two types of data in the table that are used to calculate the rate of natural increase are The Birth rate (per 1,000 population) and the birth rate (per 1,000 population)

B.  The total fertility rate is the number of children expected per woman during her childbearing years

C. The doubling time is given by T = 70/(1.4) = 50 years

D. To maintain the current population size, a fertility rate of 2.1% is required, whereby the fertility rate is about 1.8% the population will not be stable or would decrease

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5 0
3 years ago
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