Answer:
A) lower income tax rates could increase tax revenues.
Explanation:
The laffer curve is a theoretical model which argues that there a tax rate that theoretically produces the most revenue for the government. Said tax rate is between 0% and 100%.
President Reagan used this model to argue that a lower tax rate would actually increase government revenue. The logic behind this claim was that lower tax rates increases both public and private saving, which in turn increases investment, resulting in more economic growth, and more taxable income.
The validity of these claims is dispute and is subject to debate among economists.
Answer:the correct answer is A. For the 11th worker, the marginal profit is $600.
Explanation:
10 men 20 vanities per week
11 men 22 vanities per week
1 man more 2 vanities more
If the company uses 1 man more produces 2 vanities more, so the company spends $1000 on the extra man and makes 2*$800= $1,600 (for two extra vanities). For the 11th worker, the marginal profit is = $1600-$1000= $600
Answer:
The home must sell for $616,500 to be able to settle all costs
Explanation:
The net to the formula can be used to ascertain the price of the property , the formula is given below:
Net amount=Sales price*(100%-commission rate)
The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000
Net amount =$75000+$450000+$36000
=$561000
commission rate is 9%
$561000=sales price*(100-9%)
$561000=sales price*91%
sales price =$561000/91%
=616483.52
But to the nearest $100 is $616500
Both but fixed goes first so a is correct
Answer:
coaching Joe rather than helping him
Explanation:
Coaching is a process where a more experienced person teaches a learner achieve a goal by giving guidance and training.
Helping is when a person assists another to do a job that is their responsibility.
In this scenario Sharon Baricivic has provided Joe with guidance by offering advice, encouragement, and instructions. So he is coaching him.
However, she has been careful to let Joe do all of the actual work he is assigned, even if he struggles a bit.
So she is not helping Joe do his work, but rather letting him do it even if it means him struggling a bit.
