This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For each level of government (federal, state and local) list the most important source of tax ... (Read 101 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
For each level of government (federal, state and local) list the most important source of tax revenue.
 
  What will be an ideal response?

Question 2

Suppose a monopolist's demand curve is P = 60 - Q, and its cost function is C = 10Q + 50 so its marginal cost is 10.
 
  If a governmental agency wished to set the price so that it created the smallest deadweight loss without causing the monopolist to have negative economic profits (thus shutting down), that price would be A) 10.00.
  B) 11.02.
  C) 14.57.
  D) 35.00.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

For the federal government, the most important source of revenue is the income tax. For state governments, the most important source of revenue is general sales taxes. For local governments, the most important source of revenue is the property tax.

Answer to Question 2

B


gbarreiro

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jul 1, 2018
Correct answers!


Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Unemployment and Federal Action, 1929–1941 Unemployment and Federal Action, 1929–1941
ICD-10-CM Tabular List ICD-10-CM Tabular List
Example of the Tabular List and instructional notes (conventions). Example of the Tabular List and instructional notes (conventions).
How a local anesthetic blocks nerve conduction. How a local anesthetic blocks nerve conduction.
Calculation of the Value of Depletion for the 14 Most Important Minerals Calculation of the Value of Depletion for the 14 Most Important Minerals
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library