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Consider a state debating how to finance emergency road and bridge improvements. Among the possibilities are increased fees on driver’s licenses, a personal property tax on motor vehicles, a tax on automobile parts (including tires), and a higher taxes on cigarettes and liquor. Which of these taxes are benefit taxes, which are corrective taxes, which are both? Which of these taxes is least distortionary?
A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Calculate the depreciation deduction and the unrecovered investment during each year of ..
q.a consumer who conforms to the von neumann morgenstern axioms is faced with four situations a b c d. he prefers a to
If real income in a country falls, then the demand for money will ____________ , leading to a ________ in the interest rate and a ____________ of the currency.
Two friends Diane also Sam own also run a bar. Diane tends bar on Monday Wednesday also Friday also receives wage in addition to tips.
On a trip to the grocery store you want to purchase oranges, but the price is pretty high due to the canker disease that has affected the crops. What are your choices? Do you have alternatives? What causes a shift in the demand or supply of oranges (..
Determine the income elasticity of demand, and state whether good X is a normal or inferior good. Determine the own advertising elasticity of demand.
Elucidate what is the firm's cost function. What are its AC, AVC, and MC functions? Draw the AC, AVC, and MC curves.
What output market with the appropriate starting position and show what effect the contractionary policy would have in the output market.
Problem: Consider a monopolist who has a constant marginal cost of MC = 20. Find the profit-maximizing quantity and price if the inverse demand curve is P = 620 - 25Q.
Respond to the question and to other students' postings. Consider the following when posting your responses: Why might this be the right form for the new business? What might some of the disadvantages be?
Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and aregular brokerage account. Your marginal federal tax rate is 15% now and 15% in retirement. Compare after-tax returns on all three forms of investment. Rank the investm..
Bob borrows $52000 from a local bank at an APR of 7.2% compounded monthly. His monthly patents are $52000(A/P, 0.6%, 54) = $1128 for a 54 month loan. If Jim makes an extra payment on the first month of each year, his repayment duration for the loan w..
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