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1) The government will tax good for many reasons, resulting in a fall in equilibrium quality while the prices increase. Could someone explain how price controls and taxes have influenced your purchasing choices.
2) Give an example of a shift in consumer and producer surplus. How did it affect the market efficiency? Please explain.
Is the price elasticity of demand elastic or inelastic for that good or service. Explain how should the company alter the price of the good or service to increase revenues.
Explain how has a more diversified labor force affected the corporate structure and the economy.
One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
Consider total cost and total revenue given in the table given below, Compute profit for each quantity. How much should the firm produce to maximize profit?
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
Assume the government decides to pass a law that requires all businesses to delay all future layoffs, giving at least 3 months notice to any workers they plan to lay off.
A machine with a ten year life is to be depreciated by the MACRS method. The machine has a 1st cost of $30,000 with a $5,000 salvage value. It's yearly operating cost is $7,000 per year.
Compute the amount of profit (ignoring exchange rate fees) that will be earned and the percentage return achieved.
Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.
What is the equilibrium output of such knives. Illustrate what is the equilibrium output of such knives.
Elucidate good or service does the company sell. Is the price elasticity of demand elastic or inelastic for that good or service.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
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