The Australian government wants to create a new income tax that collects 10% for all incomes between $10000 and $50000; 15% for income between $50001 and $100000; and 20% for incomes above $100000. What is the difference in the average tax rate (ATR) for one worker earning $75000 and the other $45000? What about the difference in the marginal tax rate (MTR) between them? O ATR difference 2.6%, MTR difference 5% ATR difference 5.0%, MTR difference 5% O ATR difference 7.8%, MTR difference 10% O ATR difference 10.3%, MTR difference 10% O None of the other options

The Australian government wants to create a new income tax that collects 10% for all incomes between $10000 and $50000; 15% for income between $50001 and $100000; and 20% for incomes above $100000. What is the difference in the average tax rate (ATR) for one worker earning $75000 and the other $45000? What about the difference in the marginal tax rate (MTR) between them? O ATR difference 2.6%, MTR difference 5% ATR difference 5.0%, MTR difference 5% O ATR difference 7.8%, MTR difference 10% O ATR difference 10.3%, MTR difference 10% O None of the other options

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How do sales taxes typically apply in a business environment?
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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
why choose A?
Pls help ASAP
B9
What are the Revenue projects?
There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190