Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A taxpayer has income y that should be reported in full to the tax au- thority. There is a flat (proportional) tax rate r on income. The reporting technology means that that taxpayer must report income in full or zero income. The tax authority can choose whether or not to audit the taxpayer. Each audit costs an amount rp and if the audit uncovers under-reporting then the taxpayer is required to pay the full amount of tax owed plus a fine F . 1. Set the problem out as a game in strategic form where each agent (taxpayer, tax-authority) has two pure strategies.
2. Explain why there is no simultaneous-move equilibrium in pure strategies.
3. Find the mixed-strategy equilibrium. How will the equilibrium respond to changes in the parameters r, rp and F ?
Shannon purchases a bond for $1,142.38. The bond matures in 3 years, and she will redeem it at its face value of $1,200. Interest premiums are paid annually. If Shannon will earn a yield of 5%/year compounded yearly, what is the bond interest rate?
Show the PPF-Budget Constraint-Indifference curve diagram for H and for F in this free trade equilibrium.
Workers are compensated by firms with "benefits" in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000 workers at one steel plant were paid $20 per hour
List three of the highest paying occupations. Why do you think they are high paying jobs? Does a strike for a raise of 5 cents/hour make any sense? What kind of long-term benefit might a union gain from such a strike? If poor people don't want to wor..
Identify what you determined is the more persuasive argument - Reflect on the arguments presented and reveal your consensus.
Suppose that you were in business and intended to build a plant to turn out a promising new item-say, a pencil that would last twice as long as the kinds available now. What sorts of developments might discourage you from making this investment..
Suppose US demand for steel is given by P = 200 - Q; US supply for steel is given by P = 50 + Q/2; International firms can supply as much or as little steel as they want at a price of P = 80.(a) Draw the supply and demand diagrams with and without in..
a. increase aggregate demand by cutting government spending or raising taxes.b. decrease aggregate demand by cutting
The President of US is suggesting increased spending for a missile defense system and also proposing a major long term tax cut. Provide some predictions of possible outcomes for the federal budget categories,
In the Heckscher-Ohlin model what generates comparative advantage? Which factor of production will oppose trade in the Heckscher-Ohlin model?
What is your monthly interest rate and what is your annual effective interest rate? What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded? Ryan expects to d..
The question related to Economics and it explain about the Federal Reserve system. The structure of the Federal Reserve system and its independence from the government has been discussed in the answer.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd