Sales tax. i just had this question yesterday haha
Answer: Respond to Economic Incentives
Explanation:
Economists assume that rational people respond to Economic Incentives because it is a widely held fact in Economics that people choose goods and services based on a cost-benefit analysis and if there are incentives, the scales will be tipped more in favour of the benefits. Rational people will respond by getting that good and/or service.
Examples include cash rewards, bonuses, income and profits which are considered extrinsic incentives. There are also non-monetary incentives known as external incentives such as peer recognition, fame, social status and power.
Answer:
D) Marginal utility of the last unit of each product consumed is the same.
Explanation:
To maximize utility with a given income constraint, a consumer must chose products to maximize utility. This can be done so that each extra dollar, which is the marginal income, spent on each of these products yields the equal marginal utility. For example if one product yields more marginal utility per marginal dollar spent, the consumer should reallocate their income so they consume more of this product and less of others, so much so that the utility derived from this product equals utility derived from other products.
Utility is maximized when these marginal utilities per marginal dollar spent coincide.
Hope that helps.
Answer:
Amount after 5 year will be $1074.5
Explanation:
We have given principal amount P = $600
Time t = 5 year
Rate of interest r = 12%
It is given that amount is compounded semiannually
So time period = 5×2 = 10 period
And rate of interest semiannually will be %
We have to find future value after 5 year
Future value is given by
So
So amount after 5 year will be $1074.5
Answer: The correct answer is "Social leadership; task leadership".
Explanation: Research indicates that women tend to display more <u>Social leadership,</u> while men tend to display more <u>Task leadership.</u>
Specifically, social leadership is mostly identified with women, while task leadership is mostly identified with men.