A in the answer for this question
Thank you
B. four million eighty-four thousand and nine hundred four thousandths
Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86
Answer:
3231433245
Step-by-step explanation:
Answer:
Option C is correct ,14.2%
Step-by-step explanation:
In order to determine the effective tax rate of a taxpayer with taxable income of $52,000,the starting point to determine how much in taxes the taxpayer pays as shown below:
First tax bracket=$9,525*10%=$952.5
Second tax bracket=$952.50+(12%*($38700-$9,525))
=$952.50+$3501
Third tax bracket(where the taxpayer belongs)=4453.5
+(22%*($52,000-$38,700))
third tax bracket tax=4453.5+$2926
=$7379.5
Since the total tax payable of $7379.5 is now computed,
effective tax rate=tax paid/taxable income=7379.5/52000
=14.2%
