Generally, on a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
<h3>What is an
optimal point?</h3>
On a graph, this refers to the best or most favorable point on a graph curve etc
Hence, on the a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
Therefore, the Option B is correct.
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Answer:
1. Gross income = $34,600
2. Adjusted gross income = $31,100
3. Taxable income = $19,960
Explanation:
Given data;
Earned wages = $32,000
Interest received = $2600
Tax contribution = $3500
Personal exemption = $4050
Deductions = $7090
1. Gross income; All earnings before any tax payment or deductions
Gross income = $32,000 + $2600
=$34,600
2. Adjusted gross income:
The adjusted amount from the question is $3500,
Therefore,
Adjusted gross income = Gross income - adjusted amount
= $34,600 - $3500
= $31,100
3. Taxable income: It's calculated using the formula;
Taxable income = adjusted gross income - exemption + deductions
Substituting, we have;
Taxable income = $31,100 - ($4050+ $7090)
= $31,100 - $11,140
=$19,960
Answer:
LaShawn's neighbor mows his lawn during the night.
DEPENDING ON HOW OFTEN LASHAWN'S NEIGHBOR MOWS HIS LAWN, A PRIVATE BARGAINING MIGHT BE USEFUL. IF THIS HAPPENS ONCE A MONTH, THE NEED OF INTERVENTION IS NOT SIGNIFICANT. BUT IF THIS HAPPENS MORE OFTEN, PROBABLY THEN BOTH MEIGHBORS WILL NEED TO BARGAIN AN OPTIMAL SOLUTION.
Opening an Apple store in a mall causes overall sales in the mall to increase by 10%.
THIS IS A POSTIIVE EXTERNALITY, THEREFORE, ANY TYPE OF INTERVENTION WILL PROBABLY MAKE THE SITUATION WORSE.
The production of steel results in pollution that affects millions of residents in the surrounding area.
IN THIS CASE, YOU NEED GOVERNMENT INTEREVENTION. POLUTION IS SOMETHING THAT AFFECTS THE GEENRAL PUBLIC, THEREFORE, IT MUST BE ADDRESSED BY THE EPA. IN CASE THE EPA AND OTHER GOVERNMENT INSTITUTIONS DECIDE TO DO NOTHING, THEN YES, PRIVATE BARGAINING WILL PROBABLY BE NECESSARY.
Answer:
16.70%
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
IRR can be calculated using a financial calculator:
Cash flow in year 0 = $-440,000
Cash flow each year from year one to twenty = $77,000
IRR = 16.70%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
