Answer:
gathering and examining p... info....
Answer:
$198
Explanation:
Two brothers Mark and Rick each inherit $6,000
Mark invests his money in a savings account with an annual return of 2.5%
After one year the interest payment that will be received by Mark can be calculated as follows
= $6,000 × 2.5/100
= $6,000 × 0.025
= $150
Rick invests his portion of the money in a CD paying 5.8% annually
The amount of interest that will be received by Rick after one year can be calculated as follows
= $6,000 × 5.8/100
= $6,000 × 0.058
= $348
Therefore the amount of money that Rick has over Mark after a period of one year can be calculated as follows
= $348-$150
= $198
Hence Rick has $198 more than Mark after one year
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
A) Taxing income results in deadweight loss, and purchasing health care on one's own doesn't result in deadweight loss.
Explanation:
When you have a market in equilibrium and a new tax is set, this will always result in a deadweight loss. But individual's are free to spend their money in whatever legal good or service they need or want, so when they purchase health care by themselves there is no deadweight loss.
