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AVprozaik [17]
3 years ago
12

Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of one's annual income to

the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax in Country R's currency, for a person in that country whose annual income is I?
A. 50 + I/200
B. 50 + 3I/100
C. 50 + I/40
D. 100 + I/50
E. 100 + 3I/100
Business
1 answer:
daser333 [38]3 years ago
5 0

Answer:

A

Explanation:

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What is paulie's opportunity cost of producing one cup of ice cream (round to two decimal places)?
balandron [24]

Paulie's opportunity cost of producing one cup of ice cream is 8.5 t-shirts.

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

The potential benefits that a person, investor, or business forgo while choosing between two possibilities are known as opportunity costs. Opportunity costs can be easily disregarded since they are by nature invisible. Understanding the potential opportunities missed when a business or individual chooses one investment over another is necessary for making wiser decisions.

To accurately calculate opportunity costs, it is necessary to balance the benefits and drawbacks of each option.

Opportunity costs have a value that can assist individuals and organizations in making more profitable choices.

Here, the opportunity cost for Paulie for ice cream will be calculated by dividing 17 by 2 Thi will be:

= 17 / 2

= 8.5 t-shirts

Therefore Paulie's opportunity cost of producing one cup of ice cream is 8.5 t-shirts

Learn more about opportunity cost on:

brainly.com/question/1549591

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6 0
1 year ago
An experiment consists of measuring the speed of automobiles on a highway by the use of radar equipment. The random variable in
nalin [4]

Answer:

Continuous random variable

Explanation:

Continuous random variable is the one of the random variable which is defined as where the data could take infinitely many values for the variable.

For example, the random variable evaluates the time taken for doing something which is to be done or performed on continuous basis as there are infinite number of the possible times could be taken or consider.

So, in this case, the experiment comprise of evaluating the automobile speeds on the highway. Under this experiment, it have the infinite number. Therefore, this a continuous random variable

3 0
3 years ago
If you received a constant annual rate of return of 7% on an investment of $10,000, how many years will it take before you have
DaniilM [7]

Answer:

It will take 10 years to have $20,000 on investment of $10,000.

Explanation:

Annual Rate of return = r = 7%

Compounded Value / Future Value = FV = $20,000

Investment Value / Present Value = PV = $10,000

Use Future value formula to solve this question:

Future Value = Present Value x ( 1 + Number of Year )^Number of year

FV = PV x ( 1 + r )^{n}

$20,000 = $10,000 x ( 1 + 0.07 )^{n}

\frac{20,000}{10,000} = ( 1 + 0.07 )^{n}

$2 = 1 .07 ^{n

Log 2 = n log 1.07

0.30 = n x 0.03

n = \frac{0.30}{0.03}

n = 10.00

n = 10 year (rounded off to nearest year )

It will take 10 years to have $20,000 on investment of $10,000.

8 0
3 years ago
Economic profits are:a.less than accounting profits if implicit costs are greater than zero.b.less than accounting profits even
Lady bird [3.3K]

Answer:

option (a) is correct.

Explanation:

Economic profits refers to the profits which comes out after deducting the implicit costs and explicit costs from the total revenue.

Whereas the accounting profits takes into the effect of explicit costs only.

Implicit cost refers to the loss of money income by choosing some other alternative. It is also known as the opportunity cost.

Explicit costs refers to the costs that are incurred for operating or running a business.  

Accounting profit = Total revenue - Explicit costs

Economic profit = Total revenue - Explicit costs - Implicit costs

Therefore, if the implicit costs are greater than zero then the economic profits is less than the accounting profits.

5 0
2 years ago
Eduardo owns a farm in a country where taxes are very high and where the government openly considers the possibility of taking o
Artemon [7]

The major thing which <em>Eduardo's behavior demonstrates </em>is that:

  • The freedom to own property and keep the profits from work is necessary for the survival of an economy.

<h3>What is Freedom to own property?</h3>

This refers to the individual right which every human where he is able to buy and own land or inherit it from someone, or even get it as a gift and keep it.

With this in mind, we can see that Eduardo is staying in an oppressive country where the tax rates are very high and there are no freedom to own property so he begins to stop investing in the farm and focus on subsistence agriculture.

Read more about property ownership here:
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8 0
2 years ago
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