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If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? Would the government make more tax revenues taxing airline tickets instead? Why or why not? What assumptions are you making about the elasticity of airline tickets? Make sure to graph the demand curve for both gasoline and airlines.
The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever.
Suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. Illustrate what are the monopolist's profit-maximizing price and total output.
Elucidate why labour force participation rate for two groups might differ. Why might human capital choices differ between selected groups.
In order to just break even, Elucidate how much will the company have to charge for every set.
q1. derive step by step the steady state level of capital and output per worker for each one of the models below basic
Through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus ‘move outside its production possibilities curve.’”
Use the green line (triangle symbols) to show the impact of this additional change in the exchange rate on the economy.
Demonstrate and explain the full process illustrate what happens when the central bank increases their long run target for inflation.
Should the company buy or lease the fleet of trucks that it uses to transport it's products to market?
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
What should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above?
the bursting of the housing bubble and the panic of 2008 caused both businesses and households to cut back on their
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