Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with the assignment 1. Consider how you have been Working as a team' both in small classes and on your written assignments.

Please help me with the assignment

image text in transcribed
1. Consider how you have been Working as a team' both in small classes and on your written assignments. In one paragraph. describe your greatest strength as a team and one aspect of teamwork that your team does especially well. In a second paragraph, describe one aspect of teamwork that your team can improve and how you will work together to improve this aspect of teamwork in future small classes and assignments. The Lager carve y = R\") proposes a simple theoretical relationship between a governments tax revenue RH) and tax rate t: R\") = \"1\"). where b(t) is the tax base for tax rate t that is, the total dollar amount of economic activity taxable at tax rate t. The dependence of b(t) on t comes from things like changes in people's spending habits or companies' investment plans based on the tax rate. Because t represents a tax rate, it is restricted to be in the interval [0, 1]. [For example. if you have a tax base of $2Ilbillion and a tax rate of %, $5 billion goes to the government through taxes. and $15 billion remains with the economic actors.) In this assignment, you may use without proof the assumption that b(t) is continuous on the interval [0.1] and diHerentiable on the interval {0.1). You may also look up terms and arguments online, though it is certainly pomible to get full marks on the assignment without doing so. 2. (a) In a paragraph, explain why it is plausible that b'(t) 0 on the interval (0, l}? Justify your answer in one or two paragraphs. You may assume that EU)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics The Basics

Authors: Michael Mandel

2nd Edition

0073523186, 9780073523187

More Books

Students also viewed these Economics questions

Question

Coaching and motivational behavior

Answered: 1 week ago