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antoniya [11.8K]
3 years ago
8

When josh’s wage rises and he decides to work more hours, we know that the __________ effect has dominated the __________ effect

?
Business
1 answer:
fredd [130]3 years ago
3 0
The answer to this questions is "substitution effect" and the "income effect". Thus, we can have a complete sentence such as below:
Josh's wages rise and he decides to work more hours, we know that "substitution" effect has dominated the "income" effect.
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n Tacoma, the tax on a property assessed at $430,000 is $7,310. If tax rates are proportional in this city, how much would the t
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Answer:

$14620 is collected as tax for a property of $860,000

Explanation:

Let the tax rate on every property in Tacoma be x%. A property worth $430,000 was taxed $7,310. This implies that:

\frac{x}{100} *$430000=$7310

multiplying through by 100 we get:

\frac{x}{100} *$430000*100=$7310*100

430000x=731000

Dividing through by 430000 to get:

\frac{430000x}{430000}=\frac{731000}{430000}

x = 1.7%

Therefore the tax rate in Tacoma is 1.7%.

Since all tax rate is proportional, for a property of $430,000 the tax is $7,310, for a property of $860,000 let the tax be $y

Therefore y=\frac{860000*1.7}{100} =14620

This means that $14620 is collected as tax for a property of $860,000

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3 years ago
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Answer:

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