<u>Answer:</u> The nature of the tax system means that there is usually a trade-off between Equity and Efficiency ability to pay equity opportunity cost .The ability to pay principle pushes governments towards a progressive tax system but equity considerations push them in the other direction . A(n) ability to pay tax, promotes economic efficiency as it does not distort ability-to-pay lump-sum benefits.
<u>Explanation:</u>
Tax equity is the tax codes and tax efficiency is the fair tax payments.In progressive tax system the high income group pays higher taxes. Through this method the inequality in the society can be reduced. This results in economic growth and reduces unemployment and increases the purchasing power of the poor people.
According to the principle the government follows a progressive tax system but with tax equity the people use tax codes to not pay certain taxes. This tax equity pushes it in the other direction.
Answer:
$50
Explanation:
Marginal costs refer to the additional expense incurred in the manufacturing of one more unit of a product. It is the incremental cost associated with producing an extra unit of a good.
The formula for calculating marginal cost is,
MC = change in cost/ Change in quantity
in this case:
MC = $1550 - $ 1500
26-25
MC = $50/1
Marginal costs= $50
Answer:
a, Redistribute income from Victoria to Fredrick.
Explanation:
Marginal Utility is defined as the "change in the utility from an increase in the consumption of that good or service." According to my research on marginal utility, I can say that based on the information provided within the question we should Redistribute income from Victoria to Fredrick in order to maximize the combined total utility.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Break-even point in units= 1,860
Explanation:
Giving the following information:
Selling price= $250 per uni
Fixed costs= 109,900 + 290,000= $399,900
Unitary variable cost= 29 + 6= $35
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 399,900 / (250 - 35)
Break-even point in units= 1,860
Answer:
out-of-pocket
Explanation:
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Cost pool is simply the amount of money spent by a firm on a particular activity.
Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.
Generally, an out-of-pocket cost requires that an individual or business outlay their future cash-flow and it must be relevant for current and future decision making.
