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Author Question: Refer to Table 18-6. Calculate the income tax paid by Sasha, a single taxpayer with an income of ... (Read 150 times)

sjones

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on: Jun 29, 2018
Refer to Table 18-6. Calculate the income tax paid by Sasha, a single taxpayer with an income of 60,000.
 
  A) 22,800 B) 14,400 C) 13,800 D) 13,642

Question 2

A constant-cost, perfectly competitive market is in long-run equilibrium. At present, there are 1,000 firms each producing 400 units of output. The price of the good is 60.
 
  Now suppose there is a sudden increase in demand for the industry's product which causes the price of the good to rise to 64. In the new long-run equilibrium, how will the average total cost of producing the good compare to what it was before the price of the good rose?
  A) The average total cost will be the same as it was before the price increase.
  B) The average total cost will be lower than it was before the price increase because of economies of scale.
  C) The average total cost will be higher than it was before the price increase because of diseconomies of scale arising from the increased demand.
  D) The average total cost will be higher than it was before the price increase since the increase in demand will drive up input prices.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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xiaomengxian

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sjones

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Reply #2 on: Jun 29, 2018
Thank you


xiaomengxian

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Reply #3 on: Jun 29, 2018
No problemo


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