The simple case of a fixed per-unit tax is indicative of more complicated ones. consider a proportional sales tax and a progress
1 answer:
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The fewest number of hours from the graph is 73 hours.
<h3>Equation</h3>Equation is an expression used to show the relationship between two or more numbers and variables.
Let x represent the number of $10 course and y represent the number of $15 course.
Her goal is to save at least $1000, hence:
- 10x + 15y ≥ 1000 (1)
Also:
- x + y ≤ 80 (2)
The fewest number is (20, 53)
The fewest number of hours from the graph is 73 hours.
Find out more on equation at: brainly.com/question/2972832
Answer:
c. a decrease in the wage rate of accountants
Explanation:
As a result of the revision that makes personal tax returns much easier to complete, people would no longer need the services of accountants to calculate their tax returns. As a result, the demand for accountants would fall, all other things remaining equal.
The fall in demand would lead to a fall in wage rate of accountants
Please check the attached image for a graph explaining this concept
Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.
Explanation:
x- Number of Yellow cakes
y- Number of Strawberry cakes
Time constrain is given by
Revenue is given by,
At the vertices, revenue is
At (0,0)
TR = $0
At (0,150)
At (225,0)
Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.