Assuming that the tax revenue of a country is 10,000 million dollars, and the gross national product at cost is 250 thousand million dollars. The relative tax burden of that country is: 2.5% 25 % 4% 40%
Q: not use ai please
A: A Chinese restaurant in the mall food court:Reason: While there may be several food options, each…
Q: The market structures influence how price and output decisions are made by the firms in their…
A: Perfect Competition:Lots of consumers and sellers, uniform goods, unrestricted access and…
Q: Answer the next question based on information in the following table. Product W X Z Percentage…
A: Examining Every Product: Product W:When income decreases by 1%, the quantity demanded increases by…
Q: Don't use Ai
A: Evaluating each statement for accuracy and understanding:(d) Market interest should be used in…
Q: Cost (5) Please move point A to the minimum long-run average cost for a firm in an oligopoly and…
A: The minimum LRAC is critical in an oligopoly because it affects barriers to entry, influences…
Q: Macroeco Discuss
A: The conversation in the NPR Planet Money episode "The Economic Impact of a Major New Technology"…
Q: Please correct answer and step by step solution
A: Section B 2. Central Banks have a variety of instruments at their disposal to manage monetary…
Q: Do not use chatgpt
A: To answer this question, we need to determine if the terms of trade PS/PT with free trade could…
Q: Please correct answer and don't use hand rating
A: The unemployment rate peaked during the aftermath of the Great Recession, which officially lasted…
Q: Do not use Ai
A:
Q: Don't use chatgpt
A: The question about "what happened to the $5 production cost" appears to relate to a specific case,…
Q: Ch 3, q2. Suppose we have a small inhabited island with three residents and a volcano that generates…
A: Step 1:Step 2:Step 3:Step 4:
Q: Solve the problem. Show work and do not use AI
A: Given:Selling Price (P): $17 per cake.Average Total Cost (ATC): $20 per cake.Average Variable Cost…
Q: None
A: QUESTION D: To find the order quantity (q) that results in the minimum annual cost and to determine…
Q: Solve the problem. Show work and do not use AI
A: To close a GDP gap (specifically a recessionary gap where actual GDP is below potential GDP), fiscal…
Q: am. 165.
A: To illustrate the long-run impacts of China's resumption of importing Australian wine on the real…
Q: Value added. Company A sells four tires to Company X for $200. Company B sells a CD player to…
A: Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and…
Q: None
A: To compute the elasticity of demand, you need the price elasticity of demand…
Q: Solve the problem. Show work and do not use AI
A: Step 1:Step 2:Step 3: Step 4:
Q: pats >125 per week to spend on peanut butter and carrots in the fixed ratio of 1 pound of peanut…
A: Step 1: Let x=cost for peanut butter 2x =cost for carrot So, x+2x= 1203x=120x=40 Therefore, Tom…
Q: Aggregate Price Level The graph below shows the long-run aggregate supply (LRAS), the short-run…
A: To determine the effects of an increase in the money supply in the short run, let's analyze the…
Q: The US economy is at full employment when the world oil price Question list K Question 6 Question 7…
A: The short-run aggregate supply (SRAS) in the US economy rises when production costs decline in…
Q: Assume the model of simultaneous short-run equilibrium in output market and asset market under the…
A: Answer :) According to your data The correct answer is: When domestic currency depreciates, it…
Q: 3. (5 points) Three consumers who want to buy a computer and a printer have the following valuations…
A: (a) If the store charges $600 for a laptop and $50 for a printer, what will its total revenue be…
Q: Please explain how you determined the bundle prices, net profits, maximum profit from pure bundle…
A: Bundle PricesCalculating bundle prices involves summing the individual prices of the products…
Q: Economics
A: In a contestable market, a firm will produce the quantity of output where the price gets equal to…
Q: The New York Times (Nov. 30, 1993) reported that “the inability of OPEC to agree last week to cut…
A: It is probable that members of OPEC, or the Organization of the Petroleum Exporting Countries,…
Q: Do not use chatgpt
A: Over an extended period, the aggregate supply can be shown as a vertical line, signifying that the…
Q: Select one topic from the list below related to money and banking for the course. Once you have…
A: The 2007-2008 mortgage crisis, also known as the subprime mortgage crisis, was a nationwide banking…
Q: Please correct answer and don't use hand rating
A: Explanation:Fixed costs are costs that remain constant regardless of production volume (e.g., rent,…
Q: Write a memo responding to the following five prompts: 1. In reaching out to the media, what are…
A: The primary goal in reaching out to the media is to disseminate information about the economic…
Q: Don't use chatgpt
A: In simple terms, regression analysis helps predict what's likely to happen and evaluate the…
Q: A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the…
A: First, let's arrange the given demand schedule: a. Many suppliers:Price: $ 1,000Quantity: 12,000…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Approach to solving the question:Identify Marginal Cost (MC): Given as $4.Determine Marginal Revenue…
Q: None
A: Given, Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly).…
Q: Gross Investment $ 38 National Income 120 Net Exports 22 Personal Income 105 Personal Consumption…
A: To calculate the consumption of fixed capital, also known as depreciation, we need to determine the…
Q: Garrison holds a controlling interest in Robertson's outstanding stock. For the current year, the…
A: Step 1:A)Taxes to be paid $94,500 Total Taxes to be paid $105,000 Total expenses to be…
Q: The following figure illustrates the production possibilities for two countries, Russia and Canada.…
A: A country should specialize in the production of the good it has the comparative advantage inA…
Q: Please correct answer and don't use hand rating
A: Step 1: Identify the RevenueRevenue is the total income generated from ticket sales. It is…
Q: Synergy and Dynaco are the only two firms in a specific high-tech industry. They face the following…
A: Assuming you are asking based on a general setup, let's analyze each of your questions step by step:…
Q: 1. Two soap producers, the Fortnum Company and the Maison Company, can stress either newspapers or…
A: (a) For Fortnum company: 1. If the Maison company stresses newspapers and:Fortnum chooses…
Q: not use ai please
A: Key ConceptsPerfect Competition - in a perfectly competitive market there are infinite firms, each…
Q: I need typing clear urjent no chatgpt use i will give 5 upvotes
A:
Q: lace Meeting Sawraj Kaur Sawraj Kaur Patty Zakaria's screen Abhishek sharma Rajpreet kaur D... Patty…
A: The price elasticity of demand is calculated as the percentage change in quantity demanded divided…
Q: Question 5 Homework ⚫ Answered ⚫ Due Jul 24th, 11:50 PM MONEY IN THE ECONOMY ($billions) Currency…
A: The question provides data on the money supply in the economy and asks about the impact of moving…
Q: Price and Cost (dollars) B 2 ம 54 3 2 1 T MC ATC 0 10 20 30 40 50 60 70 80 Quantity d Refer to…
A: If you have any questions let me know in comment box thankyou for your question.
Q: Assume an economy that starts with Y = Y₂. Illustrate graphically and explain the impact of a fall…
A: The graphical representations of these shifts in the IS-LM-PC model IS-LM Model (Left Graph):IS…
Q: Three mutually exclusive alternatives are being considered for the production equipment at a tissue…
A: Answer:To conduct an External Rate of Return (ERR) analysis and determine which equipment…
Q: Please correct answer and don't use hand rating
A: Let's give it a try. To provide an precise answer, I believe further reference is necessary, but I…
Q: Do not use chatgpt
A: Approach to solving the question: To know basic algebra. Detailed explanation: I examined the…
Step by step
Solved in 2 steps
- Because of the sales tax in a particular region, a customer in a supermarket must pay $1.46 for a package of candy marked $1.35. What is the effective tax rate on this purchase, expressed as a percentage?Excise tax is not applied to: Excise tax is not applied to: None of the answer choices are correct. Wine Distilled spirits Beer Doughnuts•The demand function for a product is represented by the equation Qd = 20 - 2P and its supply function with equations Qs = P - 4. The product is subject to a tax of 20%. a. Calculate the Pe and Qe of the after-tax balance b. Calculate the per unit tax received by the government c. Calculate the per unit tax borne by consumers and producers d. Calculate the total tax received by the government
- Critically evaluate the impending rise of sales tax planned by the Japanese government and its effect on the demand and eventually public spendingSupposed you are offered a job with Amazon upon graduation. Your starting salary will be $70,000 which will put you in the 22% federal income tax bracket. The total amount of income taxes you pay is $11,285.50. Your average tax rate is approximately ______. 25.0% 16.1% 21.3% 13.3% 11.5%Consider the following supply and demand function, QD = 65 − 2P and QS = 1.5P − 5, and assume a $17.50 excise tax is collected from consumers. (a) Calculate price and quantity in this market before (P1 and Q1) and after the tax (P2 and Q2). (b) What is the amount of tax revenue that is collected from con- sumers, producers and in total? (c) What is the relative tax burden of consumers and producers? (d) Show how the elasticity of supply and demand determine the shar- ing of the tax burden. (e) What is the relative tax burden of producers and consumers if the tax is collected from producers, instead?
- Question 6 Here is a hypothetical income tax schedule expressed in nominal terms for the year 2015: Annual tax bracket Tax rate (%) Tax paid ($) Less than or equal to $3,620 $3,621 to $6,033 $6,034 to $7,240 $7,241 to $9,654 $9,655 to $21,722 More than $21,722 a. Compute only (a) in the income tax schedule for Sarah, whose annual income is $25,000. 15 25 |(a) 35 40 42 |(b) b. Compute only (b) in the income tax schedule for Rasha, whose annual income is $100,000.What would be your federal income tax if your taxable income was $108,000.00? $_____________ What is the average tax rate for $108,000.00 in taxable income? _____________% How much tax would you owe if your income increased by $25,000 to $133,000.00? $ _______________ What would be your average tax rate with $133,000.00 of taxable income? _____________%Qs = 0.5P Qd = 45 - 0.25p Suppose a per-unit tax is imposed that reduces the quantity of this whiskey bought and sold in the market to 25 bottles. What is the size of the tax?
- Based on the information presented in the table below, (1 a) net national production at factor prices is required b) net domestic production at factor prices c) net domestic production at market price gross national product at market price = 100 (2) depreciation = 20 net income from external factors of production = 15 Net indirect tax = 10□ 6. Which of the following taxes was initially the main way the federal government funded itself? income sales property importCalculate net indirect taxes if indirect taxes is $30 million and the subsidies are $16 million
