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An engineer named Don maintains a small incorporated civil engineering consulting practice. Last year, Don%u2019s firm%u2019s taxable income was $41,000. During that year, he spent a great of non-billable time developing computerized tools for analyzing changes in water runoff due to new highway, building, and parking lot construction. Given his expertise and his ability to sign off as a licensed professional engineer (he took the FE exam in college), this year his company has been given the opportunity to take on two projects that will increase taxable income by $175,000.
a. Determine the effective (average) tax rate on all of last year%u2019s taxable income.
b. Determine the effective (average) tax rate on all of this year%u2019s taxable income.
c. Determine the incremental tax rate.
d. Determine the marginal tax rate this year.
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
Describe the demand curve for this product using the following data.
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.
The Faculty of Economics and Administrative Sciences is considering to throw a party to its students. The marginal benefits to the students are given by MB=1200-Q2.
There are no gains from reducing class size below 20 students, the relationship is constant in the intermediate range between 20 and 25 students, and there is no loss to increasing class size when it is already greater than 25."
Illustrate what will happen to the equilibrium quantity also price of a product in a competitive marketplace when the increase in demand exactly offsets the decrease in supply.
Supposed objective function is changed to, do you need to re-graph feasible region of this LP. Why. What is solution for new LP. Is it unique.
find out goods that lie near these extremes. Characterize demands for the following goods as being near perfectly elastic or near perfectly inelastic.
Explain how is the activity reflected on the balance on current ccount different from the activity reflected on the capital.
Describe how each of these activities affects government households as well as businesses.
Suppose a household's annual take-home pay in 1951 was $8,320. Elucidate what would be an equivalent home pay in 1982.
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