1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Solnce55 [7]
3 years ago
12

Some of the nation's economists believe that to maximize government revenue, the tax rate should be raised to the level of the R

max line. How would these economists draw the nation's Laffer curve
Business
1 answer:
patriot [66]3 years ago
5 0

Answer:

Laffer curve is the curve built on graph which explains that tax revenue will be increased when tax rates are raised. It also indicates that the tax revenue will increase to a certain point on the R-max line after which the curve starts declining which means the tax revenue will decline.

Explanation:

Laffer curve is a theory by economists which indicates the relationship between tax rates and the tax revenue. If the tax rates are increased then the tax revenue will also rise. This is the theory which is believed by many economists and many businesses also follow such strategy to improve their business profits.

You might be interested in
Music class is often seen as a fun extracurricular activity. Generally, individuals that study music achieve more exceptional sc
In-s [12.5K]

Answer: c. Individuals who study music tend to be more intelligent.

Explanation:

The underlying assumption of the argument above is that the individuals who study music tend to be more intelligent.

This can be infered in the statement that "Generally, individuals that study music achieve more exceptional scores in subjects such as math and language arts". In this case, a connection was emphasized between academics and music.

6 0
2 years ago
On January 1, 2020, Solugenix issued $400,000 of 7.125 percent Senior Notes due January 1, 2030, at par value. Interest on the n
SVEN [57.7K]

Answer:

$20,000 loss

Explanation:

Repurchase of bond = Repurchase price - Carrying value

Repurchase of bond = ($400,000*105%) - $400,000

Repurchase of bond = $420,000 - $400,000

Repurchase of bond = $20,000 loss

Thus, the loss on the repurchase of the bond is $20,000

6 0
3 years ago
An accounting entry that is characterized by having multiple debits​ and/or multiple credits is called a​ ________ entry. A. com
mario62 [17]

Answer:

A. compound journal entry

Explanation:

Compound journal entry -

It refers to the type of accounting entry , which consists of more than one debit or credit , is referred to as compound journal entry .

It is the combination of various simple journal entries together to form a compound journal entry .

Hence , from the given information of the question,

The correct option is A. compound journal entry .

8 0
3 years ago
Which best compares and contrasts the teaching and training careers and the professional support careers?
ohaa [14]

The teaching and training careers and the professional support careers can be compared because option  A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

<h3>What are teaching and training careers and the professional support careers ?</h3>

They are both careers that is needed for the students so they can come out with flying colors.

For instance, teaching involves passing across knowledge to students, and the teacher is expected to use different techniques so that the students can cope and be successful academically.

Therefore, option A is correct.

Learn more about careers  at:

brainly.com/question/6947486

#SPJ1

7 0
1 year ago
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
maw [93]

Answer:

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

Explanation:

The beginning Raw Materials Inventory balance = $22,000

The materials used to complete jobs during the month = $141,000 of direct materials and $13,000 of indirect materials

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

The form of inventory is modified but the company's assets remain in the form of Work in Process. Assets are debited at all times.

5 0
3 years ago
Other questions:
  • Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
    12·1 answer
  • An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
    13·1 answer
  • April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment w
    7·1 answer
  • Suppose a construction company enters into a contract to build a warehouse for the hypothetical Vincent Corporation with a contr
    15·1 answer
  • A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill. a. listening b. conflict resolution c
    5·1 answer
  • Rough &amp; Ready Timber Company orally contracts with Shawn for the purchase of five acres of Shawn’s timberland. Shawn makes t
    14·2 answers
  • You have found an asset with 12.60 percent arithmetic average return and a 10.24 percent geometric return. Your observation peri
    7·1 answer
  • Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of
    9·1 answer
  • In July 2012, a small chocolate factory receives a large order for chocolate bars to be delivered in November. The spot price fo
    10·1 answer
  • g purchased a 25% stake in for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of equity on its balance s
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!