He has to have negative marginal returns. I hope this helps :)
Answer: TRUE.
The essential notion underlying strategic trade policy is imperfect competition. Strategic trade policy is also referred as Strategic trade theory that includes the policies adopted by a country to understand the outcome of strategic interaction between various firms.
Answer:
Base 98900 79000
tax excess 85525 40125
Excess 13375 38875
% 24% 22%
tax 1 3210 8552.5
tax 2 additional 14605.5 plus 24% of the excess 85.525
4617.5 plus 22% of the excess 40.125
total tax (tax1+tax2) 17815.5__13170
Change in tax
(17.815 - 13.170) / (98,900 - 79,000) =
4.645,5 / 19.900 = 23.34%
Explanation:
Base 98900 79000
tax excess 85525 40125
Excess 13375 38875
% 24% 22%
tax 1 3210 8552.5
tax 2 additional 14605.5 4617.5
total tax 17815.5 13170
Change in tax
(17.815 - 13.170) / (98,900 - 79,000) =
4.645,5 / 19.900 = 23.34%
Answer:
budget surplus of $2 million
Explanation:
When income or receipt increases from the outlay, then budget surplus arises. Whereas when outlay increases from the income or receipts the budget deficit arises.
Revenue Collection for the year = $15 million
Government outlay for the year = $13 million
Budget Surplus / Deficit = $15 million - $13 million = $2 million budget Surplus
Payment protection insurance (PPI) is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.