A. $1,737.82 Explanation: Profit is calculated as revenue minus cost. As this is a quadratic equation, the maximum profit is determined as the vertex of the function: -b/2a = -665.75/(2*(-11.3)) = -665.75/-22.6 = 29.46. At this value, the profit formula reaches its peak yielding approximately 1737.81992.
Response: appropriate hygiene practices
Justification:
Answer:
The necessary tax reduction amounts to $13.33
Explanation:
The Tax Multiplier indicates the extent of change (decrease) in income resulting from a tax alteration (increase).
The formula for Tax Multiplier is Tax Multiplier = ΔY / ΔT = - MPC / (1- MPC)
Given: Required Change in Income [ΔY] = 40
The MPC is 0.75
Inserting into the formula;
40 / ΔT = - 0.75 / (1- 0.75)
40 / ΔT = - 0.75 / 0.25
40 / ΔT = - 3
Thus, ΔT = - 40/ 3
This leads to ΔT = - 13.33
The response to your inquiry: Jackson and Max, the sole residents of a small tropical island, each own an old, polluting Oldsmobile. The installation cost for a pollution-control device is $940. For every device installed, both individuals will reduce their healthcare expenses by $660. Complete the payoff matrix based on the provided details, where the left side shows Jackson's payoff and the right side demonstrates Max's payoff. If neither decides to install the device, their payoff remains at $0.