D. <span>Regressive tax. The tax
rate decreases as the taxable income increases. There is an inverse relationship
between the tax rate and the tax base (taxable income). Regressive tax imposes
a greater burden on the poor. This is favorable to the rich or those who are
huge income earners.</span>
Based on the demand and supply functions for the market for Halloween parties attended by MIT students, the equilibrium price is <u>$100</u> and the quantity is <u>100. </u>
<h3>What are the equilibrium price and quantity for Halloween parties?</h3>
The equilibrium price and quantity can be found by equating supply and demand.
This gives:
Price = Quantity
Price = 300 - 2p
300 = 3 x Price
Price = 300 / 3
= $100
The quantity would also be 100 parties.
The rest of the question is:
Think of price here as the amount of money party hosts will collect at the door from party-goers. The demand for parties is given by Q =300−2p. The supply of parties is given by Q = p.
Find out more on equilibrium pricing at brainly.com/question/22569960.
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Answer:
Specialization and the division of labor can increase productivity.
Explanation:
Specialization is about an <em>invidivual</em> focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to <em>companies</em> and <em>countries</em>, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.
The division of labor is about breaking down the production process of a good in <em>different parts</em> performed by <em>different people</em> instead of having all workers performing all the tasks. The idea is to let workers be <em>specialists</em> in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the <u>'father of economics'</u> Adam Smith in his book "The Wealth of Nations" released in 1776.
Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.
Answer:
Within a country and divided by the entire population.
Explanation:
GDP per capital is the quantity of goods and services produced in a given country divided by its population. Thus, there is the internal production per person, that is, the amount of goods and services per person that a given economy produces. It is an important indicator of a country's economic development.
