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The elasticity of demand for domestic heating oil is -o.5, and for gasoline is -1.5. The price of both sorts of fuel is 6oc/ per litre: included in this price is an excise tax of 48c/ per litre. The government wants to reduce energy consumption in the economy and to increase its tax revenue. Can it do this (a) by taxing domestic heating oil? (b) by taxing gasoline?
consider the following sample measurements 5 11 -1 8 2 7 5 1 -10 -6 4 121. determine the mean the median the range and
Determine the strategy of each firm at the equilibrium. In game theory, what kind of game does the above game constitutes an example for? Explain briefly.
What is the future value, ten years from now, of ten $1,000 cash flows using a periodic interest rate of 8 percent compounded annually? The cash flows are made at the end of each year.
A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost (CF) is $73,000 per month, and the variable cost (CV) is $94 per unit.
Analyze the economic impact of contracting, governance and organizational form within organizations.
The assignment problem is relates to economic and the problem is explains about the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan".
cool-aire corporation manufactures a line of room air conditioners. its breakeven sales level is 33000 units. sales are
If unions bargain with the firms in Profunctia and set a wage rate equal to $14, what will be the level of employment, the size of the labor force, and the unemployment rate?
A certain engine lathe can be purchased for $330,000 and depreciated over three years to a zero salvage value with the SL method. This machine will produce metal parts that will generate revenues of $220,000 (time zero dollars) per year.
How is the U.S. budget deficit related to the foreign trade deficit - What's wrong with this argument? Are there ever any reasons to support such trade restrictions?
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices
Suppose at the start of an election season two candidate with extreme positions are running against each other. the median voter model predicts that each candidate will become more moderate because __________.
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