Widget SalesJesaki Inc. is trying to enter the widget market. The research department established the followingprice-demand, cost, and revenue functions:p(x)=60-1.20xC(a) = 210 + 12x|R(x) = xp(x) = x(60 - 1.20x) Revenue functionwhere x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(z)is the price in dollars of one widget when the demand is a thousand widgets. All three functionshave domain 1 ≤ ≤ 50.Use this information to answer questions 1-10 below.Price-demand functionCost function Question 10Over$0$15,000$30,000But Not Over$15,000Question 11$30,000Tax Due2.5% of taxable income$375 plus 6.3% of excess over$15,000$1,320 plus 6.4% of excessover $30,000Use the Tax table above the answer the following question. Find the tax due on a taxable income of$17,132.A company is planning to manufacture snowboards. The fixed costs are $136 per day and the totalcosts are $7,185 per daily output of 20 boards. What is the average costs per board tend to asproduction increases?

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Over $0 $15,000 $30,000 But Not Over $15,000 $30,000 Tax Due 2.5% of taxable income $375 plus 6.3% of excess over $15,000 $1,320 plus 6.4% of excess over $30,000 Use the Tax table above the answer the following question. Find the tax due on a taxable income of $17,132.

Over $0 $15,000 $30,000 But Not Over $15,000 $30,000 Tax Due 2.5% of taxable income $375 plus 6.3% of excess over $15,000 $1,320 plus 6.4% of excess over $30,000 Use the Tax table above the answer the following question. Find the tax due on a taxable income of $17,132.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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19. If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid
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The value of a tax deduction: is lower for taxpayers in higher marginal tax brackets. does not vary by tax bracket. is greater for taxpayers in higher marginal tax brackets. decreases as a tax system becomes more progressive.
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