National Sales Tax and Flat Tax are two major plants that are considered by Congress to fix the tax code. Either of the two will do but they both will do the following:
Both taxes will restore the principle of fairness to the tax system because both will treat all taxpayers equally.
Both taxes will replace today's discriminatory tax structure with a single low rate.
Both taxes will eliminate the current tax code's bias against savings and investments, and promote a kind of capital formation that will boost workers' incomes and raise long-term economic growth.
In collecting said taxes, fewer personnel and paperwork will be needed, resulting to a downsizing of IRS bureaucracy and saving billions of dollars in compliance cost per year.
Despite their differences, both taxes have the fundamental principle that all income should be taxed at one low rate and only one time, and the collection of tax should be done in the least intrusive way possible.
The price and quantity of computers that should be produced to maximize the firm’s profits will be $360 and 80 computers.
The demand curve for College Computers is given as (Q) = 800 - 2P where, P = 400 - 0.5Q.
Therefore, the weekly total revenue will be:
= (400 - 0.5Q) × Q
= 400Q - 05Q²
Marginal revenue = 400 - Q
Weekly cost of producing computers will be:
= 1200 + 2Q²
Marginal cost = 4Q
Maximum profit will b earned when MR = MC
Therefore, 400 - Q = 4Q
Collect like terms
4Q + Q = 400
5Q = 400
Q = 400/5
Q = 80
Quantity = 80 units
Therefore, the price will be:
P = 400 - 0.5Q
P = 400 - 0.5(80)
P = 400 - 40.
P = 360
The price is $360.
The weekly total revenue will be:
TR = price × quantity.
TR = 360 × 80
TR = $28800
The total cost will be:
TC = 1200 + 2(80)²
TC = 1200 + 12800
TC = 14000
Therefore, the profit will be:
= TR - TC
= $28800 - $14000
= $14800
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Answer:
Less than a year.
Explanation:
Mid term is the middle of a term idk man i just know it
Answer:
D. supply; demand, C. demand; supply
Explanation:
- The inputs and the outputs of the market are connected to the behavior of the firms and the households and as per the forms the quantities are demand and the inputs are supplied and households determine the type of the quantities of the product demanded and the supply types.