A. Define progressive income tax. Briefly create a few numbers to explain it. B. Draw and use a utility function to verbally explain common reasoning for progressive income taxes (also known as vertical equity in taxation).
C. Draw and use an additional utility function (for another normal good) to verbally explain the flaw in the common defense of progressive income taxes, from part B.

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)

What are two benefits of consumer programs

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials