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The following present select elasticity of demand elasticity of demand estimates: Barnes & Noble books = - 4.00, Coca-Cola = - 1.22, Cigarettes = -0.25, Beer = -0.23, Gasoline = -0.06.
Using the elasticity estimates in the table above, classify the price elasticity demand as elastic or inelastic. Explain your reasoning.
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
Using those classifications, make some assumptions regarding tax incidence. For instance, will buyers or sellers pay a larger portion of the tax per unit? Explain.
Conclude, based on the elasticity classifications, their effect on tax revenue and tax incidence, and which goods the government would prefer to tax.
Assume a machine which has a useful life of only one year costs $2000. Assume, also, that net of such operating costs as power, taxes and so forth, additional revenue from output of this machine is expected to be $2300. What is rate of return on ..
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have primarily or the following balance sheet.
Calculate the range, variance, and standard deviation for this data series. Which measure does the best job of describing the dispersion in this variable.
They could each decide to work a few extra hours on Saturday and earn more income. But they choose to play tennis or to relax around the house.
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
For each of the determinants of demand in Equation identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles.
Discuss impact of social wefare and idustrial policy initiatives on organization and the wider community in sri lanka. Explain how does risk sharing benefit both financial intermediaries and private investors.
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs
Compute the stock's current yield, capital-gains yield, and the return. Show your work for three separate calculations.
Thus, the second investment was $120, the third investment $140, and so on. If she continues series of investment 20 years, what will be the value of the investments at the end of that time?stock? d. None of the chemicals are in stock?
Why is a market economy susceptible to coordination failures that can lead to unemployment and inflation? What do you think can be done to rectify these failures?
For an annual market interest rate of %9, calculate the economic life of the machine. Show the results of your calculations on a graph.
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