OK, I am sorry, but I just found this online and thought that it was a pretty cool way to remember the four MAIN causes of WWI.
M= Militarism, A= Alliances, I= Imperialism, N=Nationalism.
If I have to be honest, out of all the four causes, I think that Militarism was the greatest impact in starting the war. The reason I think that it is, is because it was literally a race in arms. Countries were trying to one up each other on weaponry and try to get better stronger weapons to win the war.
Answer:
The 7920 dollars entry is wrong. It should be 11% of 38700 + 22% of 33300 = 11583 dollars. The answer previously mentioned was wrong as it didn't consider tax slab.
Explanation:
Hence, we need to calculate based on the tax slab. Till $38700s it is 11% and till $91900s it is 22%, These are head of the family it seems, and that's why this. For a single filer, we have different tax slabs.
ANSWER: Opportunity Cost is the cost of losing the next best alternative compared to the option that has been chosen. There can be numerous situations of opportunity cost. A situation which is simple yet best is as follows:
David is a doctor who charges $20 from his patients for regular checkup. He knows that weekend evening will be full of patients and he won't have time to rest. There are an average of 15 patients every weekends. So by the simple calculation, David will be earning $300 on a single weekend evening. But due to popular rock concert being organized in the city on a weekend evening, David decides to skip the day and visit the rock concert. The ticket price for the rock concert was $50. So,the opportunity cost for David was $350 because not only David lost the chances of his earning that evening but he also spent $50 on the tickets of the rock concert.
