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 74 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
Wow, this really help

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

The Autonomic Nervous System The Autonomic Nervous System
Procedures for Diagnostic Tests Related to the Musculoskeletal system Procedures for Diagnostic Tests Related to the Musculoskeletal system
The digestive system The digestive system
Components of the Lymphatic System Components of the Lymphatic System
Muscular system and Cardiovascular system Muscular system and Cardiovascular system
individuals with xeroderma pigmentosum individuals with xeroderma pigmentosum
Video: Role of transport in a cell

For a complete list of videos, visit our video library