The Bruce Highway (from Cooroy to Curra) is currently being upgraded. The expenditure of the second stage of the project is 513 million dollars and the Australian Federal Government has contributed 388 million of those dollars whilst the Queensland State Government has contributed the remaining 125 million.
Answer the following questions:
(a) P
When average tax rate increases with increase in taxable income, the tax is progressive.
(b) Payment per citizen ($) = Cost paid by Queensland / Population = 125 million / 4.9 million = 25.5 ~ 26
(c) Marginal benefit must be at least $125 million which is the total expenditure incurred by Queensland.
The Bruce Highway (from Cooroy to Curra) is currently being upgraded. The expenditure of the second...
The Bruce Highway (from Cooroy to Curra) is currently being upgraded with construction works. The total expense of the project is 1.6 billion dollars and the federal government has contributed 1.1 billion of those dollars whilst the Queensland State Government has contributed the remaining 500 million dollars. Every Queensland resident (4.9 million residents) receives a one off benefit of 222 ($/resident) with this construction that is not directly related to road users. If the number of road users is estimated...
The Bruce Highway (from Cooroy to Curra) is currently being upgraded. The total expense of the project is 1.6 billion dollars and the federal government has contributed 1.1 billion of those dollars whilst the Queensland State Government has contributed the remaining 500 million dollars. If the only people to receive any benefit from the highway are those that use it, and the users are estimated to drive 21 million trips per year, over the next 5 years, what is the...
Soot is considered the second largest cause of global warming. It is emitted from a variety of sources, but most notably from vehicles. Damian owns a logistics company that has a very large fleet of diesel trucks. The Australian Government recently introduced legislation that charges companies based on the amount of emissions of their fleets that are above 5% soot. They can either opt to meet the 5% target and pay no permit cost (Process D), or purchase permits entitling...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...