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Consider a society with only two people, one with an income of $200,000 and the other with an income of $5,000. Assume that under the current tax system the rich pays $60,000 and the poor pays $1,200.
a. Calculate the tax rate for each person.
b. To raise funds for a new bridge, suppose that congress passes a law that increases the rich person's tax by $2,000 and the poor person's taxes by $275. Calculate the new tax rates for each person.
c. How does this policy changes tax progressivity?
What is the effect on equilibrium price and equilibrium quantity? Answer using the concepts of supply and demand and either describe the effects or show.
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Jim develops 5 Java applications a year. Joe develops 10 Java applications a year. Jim gets paid $5000.00 per application, but Joe gets paid $10000.00 per application.
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1.) Explain the reason for positioning and repositioning products. 2.) Choose a product with which you are familiar, preferably one in your industry, and explain how it might be repositioned. Indicate its current position in the market, a desired ..
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Write program that asks for the number of credits and a letter grade for a course. Each letter grade has a point value:
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