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kenny6666 [7]
3 years ago
6

416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i

ncome from savings on those refunds
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000  

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irina1246 [14]

Answer:

B. $6000

Explanation:

Given that

Price = $9

Average total cost (ATC) = $7

Output (Q) = 3000

Two methods can be used in calculating profit in this case.

The first method is

Profit = (price - ATC) × Q

= (9 - 7) × 3000

= 2 × 3000

= $ 6000

The second method is

Profit = Total revenue (TR) - Total Cost (TC)

Where TR = Price × Q = 9 × 3000 = $27000

TC = ATC × Q = 7 × 3000 = $ 21000

Therefore,

Profit = 27000 - 21000

= $6000

Any method used will result to the same answer.

NOTE THAT,

ATC = Total cost / Q.

So change of formula was used to obtain Total cost from this formula.

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3 years ago
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The element that is most likely to contribute to how receivers decode the message differently is whether the receiver is a user of the product or not.

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In this case, the element that is most likely to contribute to how receivers decode the message differently is whether the receiver is a user of the product or not.

Learn more about advertisements on:

brainly.com/question/1658517

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Expansionary monetary policy has people concerned about future inflation, which is causes an increase in expected inflation. this will cause the Phillips Curve to shift right.

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The long-run Phillips curve will move to the right (because the natural rate of unemployment increases) if structural unemployment increases because people' job abilities become obsolete.

To learn more about Philips curve here brainly.com/question/16038969

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