If Joe taxable income is 7500 using a tax table above how much would he pay in taxes
Consider a town with two neighbors. They are considering planting some trees in their town. There is a public good in this economy from the trees in the form of fresh air, an increase in the bird population, and shade. Neighbor-A demand for trees is given by P1 = 500-2Q. Neighbor-B demand for trees is given by P2 = 250 -3Q. The marginal cost of planting trees in the town is given by MC = 150. How many trees will be planted in the town? What is the price paid by each neighbor for the trees?
rahul is appointed an economics’professor in a reputed university. In his first lecture, students asked him to elaborate on Gross Domestic Product (GDP) and Gross National Product(GNP). Help Rahul to prepare his first lecture on the given topic with relevant example and highlight the differences between the two concepts.
You As economic consultant to the dominant firm in a particular market, you have discovered that, at the current price and output, demand for your client’s product is price inelastic. What advice regarding pricing would you give? (8 Marks)