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Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original levels. (An excise tax is a tax on a specific good, for example there is an excise tax on gas and liquor.)
Define the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?
assume that the low-calorie frozen microwavable food company from assignments 1 and 2 wants to expand and has to make
Elucidate the supply function for a perfectly competitive industry with constant returns to scale? Consequently, what will be the equilibrium price and equilibrium profits for this industry.
Illustrate what is the cost of producing 10 units in the short run? First conclude how much labor is needed.
Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments.
what are the similarities and differences between horizontal and vertical
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
How will each of the following affect the supply for insurance?
Suppose that inflation is 2 percent, the Federal funds rate is 4 percent, and real GDP falls 2 percent below potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real Federal funds rate?
-analyze the usa financial meltdown that happened in 2008-2009. this crisis was partially caused by the reward systems
what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
Using your answers above, why does the growth rate of real GDP differ depending on the base year? Explain how the technique of Chain-Weighted Real GDP alleviates this problem.
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