The Earned Income Credit is one alternative to PRICE controls
Answer:
The answer is "Option C".
Explanation:
The Costs of production relate to the price of a company producing or producing a service, which can include the range of expenditures, like labor, manufactured goods, supplies of items, and expenses. It has mainly four steps that can be defined as follows:
- Complete the physical unit flow.
- Measure the production unit's equivalent.
- Compare the value per unit for output equivalent.
- Assign costs to finished units and manufactured units.
Answer:
A) Competing firms working together to fix prices and output.
B) Collusion.
C) Illegal
Explanation:
A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.
A collusion thus helps a hand full of companies to dominate the market of a particular product that they all produce. They can even form artificial barriers to entry for new firms as they control all or most of the relevant market forces.
In USA cartels are illegal as per the provision of anti-trust laws.
Hope that helps.
Answer:
Gross Pay 300 dollar
Federal Income Tax $ 30
FICA $ 22.95
SUTA $ 9
Net Pay: 238.05
As a percentage of gross pay: 79.35%
Explanation:
Gross pay:
20 hours x $15 each = $ 300
Taxes:
income tax: 300 x 10% = 30
FICA 300 x 7.65% = 22.95
SUTA taxes 300 x 3% = 9
Net pay 300 - 30 - 22.95 - 9 = 238.05
Net pay as a percentage of gross pay:
238.05 / 300 = 0.7935 = 79.35%
