Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve
Explanation:
Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.
Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.
Answer:
$5,500,000
Explanation:
Total fair value of the options = Number of shares in the option × Estimated fair value per option = 1,000,000 × $5.50 = $5,500,000
Therefore, the total compensation indicated by these options would be $5,500,000.
Answer:
Letter c is correct
Explanation:
In this case, the amount of supply will be smaller and the price may remain, rise or fall. The factor that influences this price behavior is the law of supply and demand, it will determine what will be the prices of a market. So if there is a balance between supply and demand, the most likely to happen is price stabilization, which can be changed more or less depending on other economic factors that may arise, such as the emergence of a competitor.
Answer:
The monthly payment will be $434
Explanation:
Price of New car = $21,900
Price of old car exchanged = $2,350
Cash Payment = $850
Amount of Loan = $21,900 - $2,350 - $850
Amount of Loan = A = $18,700
Rate of interest = r = 6% = 0.06 = 0.005 per month
Number of total periods = 12 x 4 = 48
P = $18500 / { [ ( 1 + 0.005 )^48 ] - 1 } / [ 0.005 ( 1 + 0.005)^48 ]
P = $18500 / [ 0.2704891611 / 0.006352446 ]
P = $18500 / 42.58
P = $434.47
Exercising doesn't mean you have to spend hours in the gym. Exercises can be done at the comforts of your home too, and there's plenty of exercise available, especially for those who have less time to do so. Just like for example, waiting time. While you are waiting for your clothes in the washing machine to finish, you may use this time to do some basic exercises such as running in place, jumping jacks or carrying weights.
