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

Author Question: Consider an income-tax system that requires all individuals to pay exactly 3% of their income. This ... (Read 66 times)

majortom123

  • Full Member
  • ***
  • Posts: 159
on: Oct 12, 2022

Question 1

The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax.



FIGURE 18-6

Refer to Figure 18-6. Producers' total revenue after the excise tax is introduced is equal to


◦ $22 500.
◦ $87 750.
◦ $123 750.
◦ $112 500.
◦ $236 250.

Question 2

Consider an income-tax system that requires all individuals to pay exactly 3% of their income. This income-tax system is
◦ a lump-sum system.
◦ fair, since everyone pays the same amount.
◦ regressive, since 3% is harder to pay for a low-income taxpayer.
◦ progressive, because the higher the individual's income, the greater the amount of tax paid.
◦ proportional.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by majortom123 on Oct 12, 2022

JulianneMu

  • Full Member
  • ***
  • Posts: 155
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 35% of students answer this correctly


majortom123

  • Member
  • Posts: 159
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

The Endomembrane System The Endomembrane System
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
The integumentary system. The integumentary system.
The Oceanic Ridge System The Oceanic Ridge System
Endocrine System Glands Endocrine System Glands
A fibrous root system has similar-sized adventitious roots that branch from the stem A fibrous root system has similar-sized adventitious roots that branch from the stem
Video: New DNA Strand Replication

For a complete list of videos, visit our video library