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Q1. A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning:1.$30,000 a year,2.$60,000 a year.
Q2. You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 50 + 3Q2. The profit-maximizing output for your firm is
Q3. Explain how it is possible for the economy to produce at a point beyond its institutional production possibilities frontier, but not beyond its physical ppf.
A local community voting to raise property taxes to increase school expenditures
Firms raise capital from investors by issuing shares in the primary markets
What if the pollution invades Baker's home and harms her health
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
If MMM's capital structure consists of 25% debt and 75% equity, stated in total funds, what is the WACC break point that is associated with retained earnings
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
Dependency theory characterizes countries as being either in the center or on the periphery
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
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