Answer:
sales tax rate = 4%
Step-by-step explanation:
In this problem formula to express one term in percentage is used
To express x as percentage of y is given by (x/y*100) %
______________________________________________
Cost of item = $480
sales tax = $19.20
we have to find sales tax rate.
sales tax rate is percentage of cost price which will levied as tax .
thus, we have to find sales tax as percentage of cost price.
using the percentage cost as given above
sales tax as percentage = sales tax/ cost of item *100
sales tax as percentage = 19.20/480 *100 = 4%
Thus, sales tax rate is 4%.
It means that if cost price of item is $100 then $4 will be the sales tax for the item.
Answer:
i am very bad at o math i am only at 8 sorry
Step-by-step explanation:
if you could give me a brainliest.
Here, to make your day a little better<3
Answer: A
Suppose that the last dollar that Victoria receives as income
brings her a marginal utility of 10 utils while the last dollar that
Fredrick receives as income brings him a marginal utility of
15 utils. If our goal is to maximize the combined total utility of
Victoria and Fredrick, we should
a. Redistribute income from Victoria to Frederick
b. Redistribute income from Fredrick to Victoria
c. Not engage in any redistribution because the current situation already maximizes total utility
d. None of the above
Step-by-step explanation:
Marginal utility is the added satisfaction derived from consuming an additional unit of a good or service. In the above question, Fredrick derives more satisfaction from his last dollar than Victoria, and will therefore achieve a higher marginal utility with additional income than Victoria does with her current income. If we want to maximize the combined utility, we should redistribute income from Victoria to Fredrick.
The logic behind this is the diminishing marginal utility. The first unit of a good consumed gives the highest level of satisfaction, marginal utility reduces with additional units consumed. In the same way, when we spend our income, we purchase the things that give us the maximum satisfaction first.
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