Solve the following please.
a. If you were to plot these points on a graph, what would be the average slope of the curve between the points for Eduardo's and Camila's salaries and taxes using the are method? How would you interpret this value for slope? b. What is the average slope of the curve between the points for John's and Susan's salaries and taxes using the arc method? How would you interpret that value for slope? Name a. Between the points for Eduardo and Camila the slope is b. Between the points for John and Susan the slope is O .31, so as income rises by $1.00. taxes rise by 50.31. C - 15. so as income rises by $1,010, taxes fall by $0.15. ().31, so as income rises by $1.00, taxes fall by 30.31. ():15, so as income rises by $0. 15, taxes fall by $1.00. Q 3.23, so as income rises by $1.00, taxes fall by $3.23, O.15, so as income rises by $1,00, taxes fall by $0.15. tax, these five individuals are other O)-31, so as income rises by $1.00, taxes fall by $0 31. 15, so as income rises by $1.00, taxes rise by $0. 15. Annual salary c. What happens to the slope as salary increases? What does this relationship imply about how the level of income taxes affects a person's incentive to earn a higher salary ? As salary increases the slope The incentive to earn moreC. What happens to the slope as salary increases? What does this relationship imply about how the level of income taxes affects a person's incentive to earn a higher salary? Name As salary increases the slope The incentive to earn more O increases. falls because at some point all of a person's needs and O decreases. wants are satisfied, so additional income will not matter. ()rises since the more money a person has, the more he or she wants. O falls since you get to keep less of what you earn Annual salary (O) rises since you have to earn more and more to get to keep a certain amount.Graphs in Economics End of Chapter Problem 9. This table illustrates annual salaries and income tax owed by five individuals. Despite receiving different annual salaries and owing different amounts of income tax, these five individuals are otherwise identical. Name Annual Salary Annual income tax owed Susan $22.000 53,304 Eduardo 63.000 14.317 John 3,000 454 Name Camila 94,000 23.927 Peter 37.000 7.020 a. If you were to plot these points on a graph, what would be the average slope of the curve between the points for Eduardo's and Camila's salaries and taxes using the are method? How would you interpret this value for slope? b. What is the average slope of the curve between the points for John's and Susan's salaries and taxes using the are method? How would you interpret that value for slope? Annual salary a. Between the points for Eduardo and Camila the slope is b. Between the points for John and Susan the slope is 15me imma tirar hy $1 In taras fall lar en is
