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iVinArrow [24]
3 years ago
14

Lump-sum taxes are rarely used in the real world because:_______________

Business
1 answer:
labwork [276]3 years ago
4 0

Answer:

c. lump-sum taxes are often viewed as unfair because they take the same amount of money from both poor and rich.

Explanation:

To understand this question, you have to first understand what lump-sum taxes are.

Lump-sum taxes are a system of taxes where everybody pays the same amount of tax no matter their economic status, or their actions. Basically, lump-sum taxes take the same amount of money from the rich and the poor, hugely increasing the burden on the poor and lessening that of the rich.

As an example, a lump-sum tax of $100 would require everybody to pay $100. To a person earning, say $120, that would be a huge hit, and be a huge burden on his normal life. However, to a rich person who earns, say, $10000, that would be much more easier for the rich person.

Hence, lump-sum taxes are often viewed as unfair because of the unfair advantage the rich have over the poor in tax-paying.

Hope this helped!

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Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. div
Alina [70]

Answer:

B) dividing the change in total cost by the change in output

Explanation:

Marginal cost(MC) is the cost incurred as a result of producing additional units of goods and services. It is calculated by dividing a change in total cost by a change in output.

That is,

Marginal cost(MC)= change in total cost(TC)/ change in output

Total cost(TC): This is the addition of fixed and variable cost in production.

Total cost(TC)= fixed cost (FC)+variable cost (VC)

Fixed cost (FC) are cost that doesn't change during the production process such as buildings, machineries and furniture.

Variable cost (VC) are cost that changes or are used up during production process such as raw materials.

4 0
3 years ago
Read 2 more answers
Selling a product abroad for less than the cost of production is referred to as
sweet-ann [11.9K]
The answer would be A because they are basically dumping  the product on the other country
3 0
3 years ago
John invests a total of 10,000. He purchases an annuity with payments of 1,000 at the beginning of each year for 10 years at an
Dmitriy789 [7]

Answer:

7.95%

Explanation:

the first step is to determine the present value of the 10 year annuity

1000\frac{(1 + 0.08)(1 - (1 - 0.08)^{-10} }{0.08} = 7246.89

remaining balance of the 10,000 is invested in a 10-year certificates of deposit = 10,000 - 7246.89 =  $2753.11

We would calculate the future value of this amount

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

m = number of compounding

$2753.11 x ( 1 + 0.09/4)^(4 x 10) = 6704.34

calculate the value of reinvestments

1000\frac{(1 + 0.07) ( 1 + 0.07)^{10} - 1 }{0.07} = 14783.60

14783.60 + 6704.34 = 10,000 ( 1 + er)^10

er = 0.0795 = 7.95%

3 0
3 years ago
Behavior of viettel's customer
Lostsunrise [7]

Answer:

Some behaviors of viettel's customer are:-

  • Complex buying behavior.
  • Dissonance-reducing buying behavior.
  • Habitual buying behavior.
  • Variety seeking behavior.
6 0
2 years ago
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the most money?
mojhsa [17]

Answer:

4. compounding daily

Explanation:

The higher the compounding rate , the higher the compound interest. Compounding daily would therefore yield the highest amount of money.

I hope my answer helps you

5 0
3 years ago
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