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sp2606 [1]
3 years ago
12

If a tax is placed on the production of good x, this will shift the

Business
1 answer:
miss Akunina [59]3 years ago
4 0
Money exchange system
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Judy Hays wants to give $3,200 to the building fund at her local church. Assuming Judy can itemize your deductions, how much wil
KengaRu [80]

Answer:

$800

Explanation:

The computation of the saving amount on tax is shown below:

Provided information

Amount is given to the building fund by Judy Hays = $3,200

Marginal tax rate = 25%

By considering the above information, the saving amount on tax would be

= Amount given to the building fund by Judy Hays × Marginal tax rate

= $3,200 × 25%

= $800

We simply multiplied the building fund amount by the marginal ax rate so that the exact value can arrive

8 0
4 years ago
You and a group of friends are planning to visit a theme park, which charges $60 for admission, $100 for a two-day pass, and $13
enyata [817]

Answer:

<u><em>Part 1. </em></u>

  • <em>Average cost per day of a three-day pass</em> =  $53.33/day per person

  • <em>Marginal cost of adding the third day </em>= $190 - $160 = $30 per person

<em />

<em><u>Part 2.</u></em>

  • <em>Group's marginal cost of switching from the two-day pass to the three-day pass</em> = $180

Explanation:

The total <em>cost</em> is the <em>admission charge</em> ($60) plust the cost of the pass ($100 or $130).

For a <em>two-day pass</em> that is: $60 + $100 = $160, per person

For a <em>three-day pass</em> that is: $60 + $130 = $190, per person

<u><em>Part 1. The average cost per day of a three-day pass per person. </em></u>

The <em>average cost</em> is the total cost divided by the number of days.

  • <em>Average cost</em> = $160/3days = $53.33/day per person

The <em>marginal cost of adding the third day</em> per person is found by subtracting the total cost for two days from the total cost for three days:

  • <em>Marginal cost of adding the third day</em> = $190 - $160 = $30 per person

This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.

<u><em>Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass</em></u>

<em></em>

Since the <em>marginal cost of switching from the two-day pass to the three-day pass</em> is $30 per person, the marginal cost for the 6-person group is 6 times $30:

  • 6 persons × $30/person = $180.

8 0
3 years ago
A customer asks an agent for a valuation of his securities portfolio. Because the agent does not want to cause the customer to p
Sladkaya [172]

Answer: not permitted because the agent must not deceive the customer by misstating a material fact.

Explanation:

From the question, we are informed that a customer asks an agent for a valuation of his securities portfolio and that because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock.

It should be noted that under the Uniform Securities Act, this action is not allowed because the agent must not deceive the customer by misstating a material fact. An agent should not deceive a customer and ethical behavior is also required.

5 0
3 years ago
Prior to becoming Plymouth Rock Assurance, the company marketed three different insurance companies: High Point, Plymouth Rock,
Delvig [45]

Answer: Total quality management                                            

Explanation: In simple words, total quality management refers to the concept under which every employee of the organisation works for the betterment of the organisation at every aspect.

In the given case, Plymouth marketed three insurance companies separately for constant improvement in the quality of services and products that the company provides.

Hence from the above we can conclude that the correct option is E.

3 0
3 years ago
A market for existing financial securities that are currently traded between investors is called the __________ market. Question
wariber [46]

Answer:

secondary market

Explanation:

4 0
3 years ago
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