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3 years ago

What is a tax bracket? in your own words.

Business

1 answer:

xenn [34]3 years ago

4 0

Answer:

Your tax bracket, roughly speaking, is the tax rate you pay on your highest dollar of taxable income. It is not the tax rate you pay on all of your income after adjustments, deductions, and exemptions.

Explanation:

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What is the range for the relative price of cloth such that the economy produces both cloth and food? From _______ to _______ .

dezoksy [38]

The answer is explained in detail below

Explanation:

$a_{KC} = 2$

$a_{LC} = 2$

$a_{KF} = 3$

$a_{LF} = 1$

Labor, L = 2000; Capital, K = 3000

Labour constraint,

$2Q_{c} + Q_{F} \leq 2000$

Capital constraint ,

$2Q_{c} + 3Q_{F} \leq 3000$

Solving the equation further, we get

$Q_{F} \leq 2000 - 2Q_{C}$

$Q_{F} \leq 1000 - \frac{2}{3} Q_{C}$

The range for the relative price of cloth such that the economy produces both cloth and food is 2/3 and 2

Low cloth production → economy will use relatively more labor to produce cloth → opportunity cost of cloth is 2/3rd units of food.
High cloth production → economy dips on labor → taking capital away from food production → raising opportunity cost of cloth to 2 units of food.

If relative price of cloth lies between 2/3 and 2 units of food, the economy produces both goods.
If the price of cloth decreases below 2/3 → complete specialization in food production → low compensation for producing cloth
If the price of cloth rises above 2 → complete specialization in cloth production → low compensation for producing food

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3 years ago

What is transparency

Serhud [2]

Transparency is an image, text, or positive transparent photograph printed on transparent plastic or glass, able to be viewed using a projecter.

5 0

3 years ago

50 percent of your potential customers would be willing to buy your product for $16 each, but the other 50 percent would be will

nignag [31]

If you set the selling price of each unit at $16, the expected profit per customer is: $6.

<h3>Expected profit</h3>

Using this formula

Expected profit=Lowest amount willing to pay-Marginal cost

Where:

Lowest amount willing to pay=$10

Marginal cost=$4

Let plug in the formula

Expected profit=$10 - $4

Expected profit= $6

Therefore if you set the selling price of each unit at $16, the expected profit per customer is: $6.

Learn more about expected profit here:brainly.com/question/4177260

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2 years ago

What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?

quester [9]

In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.

1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...

2.Find New Sources of Income. Money doesn't have to come from just your day job. ...

3.Buy a House. ...

4.Spend Less. ...

5.Get Out of Debt. ...

6.Invest in Stocks. ...

7.Hit Your Company's 401K Match. ...

8.Open a Roth IRA

3 0

3 years ago

5) A car rental company offers two plans for one way rentals. Plan I charges $36 per day and 17 cents per mile. Plan II charges

Rom4ik [11]

Answer:

a. Plan I is better is we drive 300 miles in a day.

b. 150 miles.

Explanation:

a. if mileage is 300 then rental charges will be,

Plan I : $36 + 17 cents * miles

$36 + 0.17 * 300 = $41.10.

Plan II : $24 + 25 cents * miles

$24 + 0.25 * 300 = $99.00

Plan I total cost for 300 miles is $41.10 whereas Plan II total cost for 300 miles is $99.00. Plan I is better plan and cost effective.

b. For mileage (m) calculation we will use equation;

Plan I = Plan II

$36 + 0.17m = $24 +0.25m

0.25m - 0.17m = $36 - $24

m = $12 / 0.08

m = 150 miles.

6 0

3 years ago

What is a tax bracket? in your own words. ​

What is a tax bracket? in your own words.