Business, 16.10.2019 01:10 hockejoh000
Suppose, as in the federal income tax code for the united states, that the representative consumer faces a wage income tax with a standard deduction. that is, the representative consumer pays no tax on wage income for the first x units of real wage income, and then pays a proportional tax t on each unit of real wage income greater than x. therefore, the consumer’s budget constraint is given by c = w(h - l) + pi if w(h - l) > x, or c = (1 - t)w(h - l) + tx + pi if w(h - l) > x. now, suppose that the government reduces the tax deduction x. using diagrams, determine the effects of this tax change on the consumer, and explain your results in terms of income and substitution effects. make sure that you consider two cases. in the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Answers: 3
Business, 21.06.2019 20:00
Jorge is a manager at starbucks. his operational plan includes achieving annual sales of $4,000,000 for his store. with only one month left to end of the fiscal year, jorge realizes that he won't reach his annual sales goal. what are his options?
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Business, 22.06.2019 10:20
What two things do you consider when evaluating the time value of money
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Business, 22.06.2019 20:40
Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.
Answers: 2
Suppose, as in the federal income tax code for the united states, that the representative consumer f...
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