Hrm 531 Week 9 Final Paper

b. The Alaskan pipeline was completed.
The completion of the Alaskan Pipeline would mean that the initial estimate of transporting over 700, 000 barrels of crude oil per day would be met. This will mean that the time it takes to transport the oil to the refinery would lower and the product availability to the market will be increased (Lindauer, 2012). With an increase in the supply of oil in the market, the prices will go down and the demand will decrease. An influx of a commodity into the market means that demand will reduce and so is the price, other factors like taxation held constant.
d. A new very large deposit of oil is discovered.
Oil exploration is an ongoing venture. A country that depends on oil imports to drive its economy will have regular price fluctuations …show more content…
When demand for large number of women in women friendly industries goes down, there will be availability of many women in the industry hence make them the best alternative for working at home mothers (Chase, 2016).
Question 10
Suppose taxes are related to income as follows
Income Taxes
$ 1,000 $ 200
$ 2,000 $ 350
$ 3,000 $ 450

What percentage of income is paid in taxes at each level?
$1000 = 200/1000*100 = 20%
$2,000 = 350/2000*100 =35%
$3,000 = 450/3000*100 =15%
a. Is the tax rate progressive, proportional or regressive
Progressive tax rates
b. What is the margin tax rate on the first $1,000 of income?
=20/100*1000
=200 The second $1,000
= 35/100*1000
=350
The third $1000
= 15/100*1000 = 150
Chapter 4
Question 2
For each of the following pair of goods, determine whether the goods are substitutes, compliments or unrelated
a. Peanut butter and jelly – substitute goods
b. Private and public transportation – substitute goods
c. Coke and Pepsi - substitute

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