Answer:
Proportional tax system
Explanation:
A proportional tax system levies an equal tax rate on everyone regardless of their income level. It is also known as the flat-rate tax because it treats the wealthy, middle class, and low-income earners equally. The proportional tax system simplifies tax filing as the same tax rate will apply to everyone.
The proportions tax system contrasts with the progressive tax system, which bases the tax rate on the taxpayer's income.
The fact that Dan picked George over Lauren even though Lauren was the most qualified shows homosocial reproduction.
<h3>What is homosocial reproduction?</h3>
This refers to when people employ or choose people for a position that they feel are more like them.
Dan selected George over Lauren because he felt that George was more like him and so could be trusted better.
Find out more on employment bias at brainly.com/question/17368438.
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The Cambridge's gross profit from this sale was $ 60,000.
<h3>
What is gross profit?</h3>
Gross profit is the amount a business makes after deducting the expenses associated with manufacturing and marketing its products or providing its services. Gross profit, which appears on an organization's income statement, can be calculated by subtracting the cost of goods sold (COGS) from revenue. An organization's income statement will contain numbers. Other of names for the gross profit include sales profit and gross income. Generally speaking, fixed costs are not included in gross profit (that is, costs that must be paid regardless of the level of output). Rent, advertising, insurance, salaries for staff not involved in the production directly, and office supplies are some examples of fixed costs.
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1. Direct
2. Indirect
I think this is correct.
Answer:
Option (a) is correct.
Explanation:
Average of quantity supplied:
= (70,000 + 30,000) ÷ 2
= 50,000
Percentage change in quantity supplied:
= (70,000 - 30,000) ÷ 50,000
= 0.8
Average of price change:
= (8 + 4) ÷ 2
= 6
Percentage change in price:
= (8 - 4) ÷ 6
= 0.667
Therefore,
Elasticity of supply in the market for gadgets:
= Percentage change in quantity supplied ÷ Percentage change in price
= 0.8 ÷ 0.667
= 1.2