What does it mean when a tax code is convex?
A) It is a flat tax and does not vary as taxable income varies.
B) It is regressive and taxes lower incomes more.
C) Is proportional and the rate always taxes at proportional income equivalents.
D) It imposes a higher rate on higher incomes and a lower rate on lower incomes.
Answer: D
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Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: Econ has received an offer from a foreign company to purchase 10,000 widgets at $95 each. Domestic sales would be unaffected by this transaction. If the offer is accepted, variable distribution costs will increase $4 per widget for
insurance, shipping, and import duties. The relevant unit cost to a pricing decision on this offer is: a. $93 b. $59 c. $80 d. $67
Dalmira dies without a will. A court appoints Estee to handle the probate of Dalmira's estate. Dalmira's closest blood relative is Farnham. The administrator of the estate is
a. Farnham. b. Dalmira. c. Estee. d. the court.
What decision should be made by the optimistic decision maker?
Use the following table to answer the question(s) below. s1 s2 s3 d1 10 8 6 d2 14 15 2 d3 7 8 9
Use of ________ to motivate employees is very common in countries with high individualism.
A. financial incentives B. fringe benefits C. job security D. participative techniques