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3 years ago

Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is

Business

1 answer:

Ulleksa [173]3 years ago

5 0

Answer:

"Progressive" would be the correct answer.

Explanation:

A Progressive tax was indeed determined by the capability of the tax authorities to charge or compensate. It wants to inflict a lower corporate rate of taxation on low-wage earners unlike those with maximum income levels.
This would be generally accomplished by establishing taxation levels for the group of tax-paying citizens based on income frequencies.

That is why the aforementioned seems to be the correct approach.

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The Johnson Family is looking to buy a new house on Belmont Road. Their insurance deductible is increased by $500 if they live m

user100 [1]

Answer:

a) Absolute Value Inequality => Absolute(0 + y) < 2

b) -2 < y < 2

Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

Explanation:

Johnson Family has to live within the range of -2 to +2 from the fire department.

a) Absolute Value Equation:

Absolute(0 + y) < 2

where y represent the location of the new house and 0 represents the location of the fire department.

Furthermore,

Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve.

and

Absolute(0+y) <2 = -(0 + x) < 2 when (0 + y) is -ve.

b) When (0 + y) is +ve,

we have, (0 + y) < 2.

Solving for y and subtracting 0 from both sides.

0-0 + y < 2 - 0

y < 2

and when (0 + y) is -ve,

we have, - (0 + y) < 2.

Solving for y:

- 0 - y < 2

multiplying negative from both sides

y > - 2

So, we have -2 < y < 2

Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

7 0

3 years ago

Consider two markets: the market for cat food and the market for dog food. The initial equilibrium for both markets is the same,

Yakvenalex [24]

Answer:

Elasticity of supply for dog food = 0.95

Explanation:

From the question, we have:

New quantity supplied of dog food = 107.0

Old quantity supplied of dog food = Initial equilibrium quantity = 21.0

New price = $8.75

Old price = Initial equilibrium price = $1.50

Generally, the formula for calculating the elasticity of supply is as

follows:

Elasticity of supply = Percentage change in quantity supplied / Percentage change in price ................ (1)

Where, based on the midpoint formula, we have:

Percentage change in quantity supplied of dog food = {(New quantity supplied of dog food - Old quantity supplied of dog food) / [(New quantity supplied of dog food + Old quantity supplied of dog food) / 2]} * 100 = {(107.0 - 21.0) / [(107.0 + 21.0) / 2]} * 100 = 134.375%

Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100 = {(8.75 - 1.50) / [(8.75 + 1.50) / 2]} * 100 = 141.463414634146%

Substituting the values into equation (1), we have:

Elasticity of supply for dog food = 134.375% / 141.463414634146% = 0.94989224137931

Approximated to 2 decimal places, we have:

Elasticity of supply for dog food = 0.95

6 0

3 years ago

The budgeted annual cost of operating a post office truck is $5,500 plus $0.50 per mile. In 2008 the truck was to be driven 25,0

finlep [7]

Answer:

The total cost of operating a truck would be $18000 as calculated below.

Explanation:

The total costs of operating the truck is a combination of fixed costs of $5500 per year and variable of $0.50 per mile ,hence the total cost function is given as:

TC=5500+0.50X

Where represents the number of miles driven per year.

Since X=25000 miles

TC=$5500+($0.50*25000)

TC=$5500+$12500

TC=$18000

The understanding here is that wages paid to the two employees working with the truck is already embedded in the fixed costs of $5500 per year, otherwise that would been given as a distinct cost entirely.

7 0

3 years ago

Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to s

UNO [17]

Answer:

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

4 0

3 years ago

Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, the ethnicity contained in the

Umnica [9.8K]

Answer:

Glocalisation

Explanation:

Thirst, a beverage manufacturer is involved in glocalisation by marketing its products using the same strategy globally. However, the ethnicity contained in their ads and the music used in jingles change according to the place. This is to say that they make use of ads which is particular to a specific location taking their culture and language into consideration.

The term "glocalization" was coined by sociologist Roland Robertson in the Harvard Business Review, in 1980.

Glocalization is a combination of the words "globalization" and "localization".

Glocalization is used to describe the ability of a product or service that is developed and distributed worldwide to adjust and accommodate the consumer in a local market.

Consumers in the local market have different taste and preference. Glocalisation is the ability of a product sold globally to fit into the local market at different places. It is an expensive process but firms usually make more benefits from practicing glocalisation.

3 0

3 years ago