What type of tax has the same percentage tax rate for everyone regardless of income?

If the number of consumers in the market for good A increases, what will happen to the equilibrium price and quantity of good A? a. Equilibrium price and quantity will both decrease b. Equilibrium price and quantity will both increase c.

The federal funds rate is A. the interest rate that the Federal Reserve charges for its loans to banks. B. the interest rate that the banks charge for loans to its important commercial borrowers. C.

A competitive firm produces output using three fixed factors and one variable factor. The firm's short run production function is q = 305x - 2x2; where x is the amount of variable factor used.

In 2018, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round dice. The cumulative patent amortization prior to 2018 would have been $21 million higher had the new life been used.

John, age 25, is a full-time student at a state university. John lives with his unmarried sister, Ann, who provides over half of his support. His only income is $4,200 of wages from a part-time job at the college book store.

Which of the following is not a major determinant of the price elasticity of demand? A. availability of close substitutes B. proportion of income spent on the good C. amount of time that has elapsed since the price change D.

Caralee's coworker mohammed, who is muslim, celebrates ramadan for one month each year; during this time, he fasts from sunrise to sunset. donuts and muffins are usually served at meetings in their company.

After posting the first closing entry to the owner's capital account, the balance will be increased (decreased) by a. revenues for the period b. the net income (net loss) for the period c. owner's equity d. zero

A fast-food restaurant has a drive-through window and during peak lunch times can handle a maximum of 50 cars per hour with one person taking orders, assembling them, and acting as cashier. The average sale per order is $9.00.

If supply and demand for a good both decrease, which of the following is true? Group of answer choices Equilibrium quantity will decrease but we cannot say for sure what will happen to equilibrium price.