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According to theory of tax assignments, local governments should use redistributive taxes to fund their operations. Clearly indicate whether the statement is true, false, or uncertain and defend your answer.
What types of policies might be proposed by a government if a monopoly power (Markets may fail to control the abuses of monopoly power) occurs? A. why would these proposals be effective? B. Are there any negative side effects to the proposed policies..
Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
After learning short run and long run cost functions of industries, please give examples of industries which belong to the increasing return to scale, decreasing return to scale, and constant return to scale respectively. Explain why your pick follow..
Consider two hypothetical countries. In Country A, 20 percent of the labor force is unemployed for half the year and employed for the other half; the remaining 80 percent of the labor force is never unemployed. Discuss which of these countries seems ..
Calculate Pete's marginal and average cost schedules. What are Pete's profit-maximizing output and price? What is Pete's economic profit? Explain your answer.
In the Park Test, one of the major difficulties is choosing a proportionality factor (Z). In each of the following equations, seperate the listed explanatory variables into those that are likely or unlikely to be proportionality factors.
Assume that a monopolist has a demand curve given by P = 1500 - 4Q, and T C = 100 + 5Q2 with MC = 10Q. Calculate the dead weight loss. Calculate the producer surplus
Briefly describe what globalization means to you, to your company or organization, and to Canada using the principles of the Circle of Reflection. List influences that you believe it will have on stakeholders.
How much is a college education worth? In the text, we supposed a col- lege education raised a person’s wage by $30,000 per year, from $40,000 to $70,000. Assume the interest rate is 3% and there is no growth in wages, then answer the following. Disc..
Should policymakers use monetary and fiscal policy to minimize fluctuations in aggregate levels of economic activity. Evaluate pros and cons of active.
How much has personal income changed the last two years? Identified any problems the government needs to address, and possible solutions?
Explain the role that money plays under the Classical Macroeconomic Model. As a part of your discussion, include the impact the Quantity Theory of Money and Say’s Law have on this model and state in algebraic terms how the money supply relates to pri..
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