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A student makes the following argument: Tariffs on imports of foreign goods into the United States will cause the foreign companies to add the amount of the tariff to the prices they charge in the United States for those goods. Instead of putting a tariff on imported goods, we should ban importing them. Banning importedgoods is better than putting tariffs on them because U.S. producers benefit from the reduced competition, and U.S. consumers don't have to pay the higher prices caused by tariffs. Briefly explain whether you agree with the student's reasoning.
1.)Calculate the marginal tax rate (MTR) and average tax rate (ATR) for a person earning $15,000 and one earning $35,000. 2.)Is this tax system progressive, regressive, or proportional Describe fully 3.)Is it ever possible for the MTR = ATR When
Suppose that everyone is risk neutral, potential car buyers value lemons at $1,000 and good used cars at $3,000, the reservation price of lemon owners is $750, and the reservation price of owners of high quality used cars $1,750.
Format: Your essay should be typed according to MLA format. You will need to refer to the text of the play you are analyzing. Be sure to use appropriate MLA format for both in-text citations and list of works cited. No title page is necessary.
Using cash flow analysis determine the best currency option in which IBM should invest. Be sure to show your complete calculations of the annual return on each investment at the end of the three-year term.
harry and sally have the following preferencesuhx y lnx lnyusx y lnx ya. what is harrys price elasticity of demand
determine the difference in taxes paid in year 2
you are the manager of a monopoly. a typical consumers inverse demand function for your firms product is p 250 - 40q
Q= -3 + 8.5L - 2L^2 Q is toys per hour, L is workers employed per hour. Charges $20 per toy. Workers paid $10 hour. Firm has $50 fixed costs per hour. What is marginal product labor (MPL) What is marginal revenue product
One of the bidders, let's say it is Alice, is a friend of the auctioneer. If Alice is not the high bidder then Alice loses, just like all the other low bidders. So far, nothing special. Now for the twist. If Alice is the high bidder, the auctioneer t..
a. State the per worker production function b. Given that (A = 4) the savings rate is 0.3, the population grows at 0.01 and the depreciation rate is 0.05. Calculate the steady state capital stock per worker and investment per worker.
What is the Nash Equilibrium of the game?
Consider the short-run situation of a market with three identical firms producing homogeneous outputs. Each firm's total cost function is C(q) = (1/2)q2, where q 0 is a possible output. Market demand is given by Q(p) = 2-2P
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