SOLUTION: A company has an income of $100,000 before paying taxes and a bonus. The bonus B is to be 20% of the income after deducting income taxes T but before deducting the bonus. So, B= 0

Question 295618: A company has an income of $100,000 before paying taxes and a bonus. The bonus B is to be 20% of the income after deducting income taxes T but before deducting the bonus. So,
B= 0.20(100,000 - T)
a. graph the equations on the same coordinate system.
b. what happens to the supply as the price increases? ( would like hint)
c. What happens to the demand as the price increases? (would like hint)
d. The price at which supply and demand are equal is called the equilibrium price. What is the equilibrium price? (Hint if possible, otherwise, this would be where the lines would intersect each other correct?
Thank you for your time and patience. The examples in textbook are garbage and do not relate to the following question.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
We subtract the taxes T from 100000
100000-T
No we give the bonus of 20 %
20%=.20
B=.20*(100000-T)
a) What equations ? There is only info for one equation.
b) Supply of what. There is no mention of supply before the question.
c) Demand for what? There is no mention of demand before the question.
d) Again we have no info on supply nor demand.
Did you leave out something?
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