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

Author Question: Refer to Figure 15-17. An economics professor argues: I think the course should be priced so as to ... (Read 358 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
Refer to Figure 15-17. An economics professor argues: I think the course should be priced so as to achieve economic efficiency. How much profit (or loss) will the college make on the course if it charges this price?
 
  A) -2,592,000 B) -1,080,000 C) 0 D) 450,000

Question 2

If you pay 14,000 in taxes on an income of 125,000, and 17,400 in taxes on an income of 144,000, what is your marginal tax rate? Show your work.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Marginal tax rate = (17,400 - 14,000 )/(144,000 - 125,000 ) = 0.179 or 17.9 percent.


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Gracias!

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ... C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ...
Ugonachomma display figure, Igbo, Nigeria. Ugonachomma display figure, Igbo, Nigeria.
Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ... Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ...
Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena
Figure and Ground Figure and Ground
Economics question Economics question
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library