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An enduring debate among public finance economists concerns the desirability of individual or family-based taxation. Assuming that we want a tax system that is progressive, marriage-neutral, and satisfies horizontal equity. Using a simple example, explain:
How does individual based taxation perfom with the three criteria above? Explain.
How does family based taxation perform? Explain.
Given the above results, which unit of taxation would you prefer?
How does the spousal tax credit overcome some of the problems with individual based taxation above?
Taxes are generally considered to be inefficient and generate excess burdens. Using a simple framework, and with reference to a social welfare function and utility possibilities curve, explain why the inefficiency of taxes might be desirable for a society. Also, describe a situation in which a tax would increase efficiency.
Determine the strategy of each firm at the equilibrium. In game theory, what kind of game does the above game constitutes an example for? Explain briefly.
assume the following game is played one time only. based on the information in the payoff matrix pnc bank and citizens
1. stag hunt. two guys go hunting for food and each can choose to hunt stag or hunt hares. only if both players hunt
A large automobile manufacturing company is considering the installation of a high-tech handling system. The initial cost of the system is $3,000,000 and it is estimated it will save $750,000 per year in manual labor, and will incur $27,500 in operat..
How elastic/inelastic is the demand for Netflix services (at the time of the price change)? What are the primary factors that determine elasticity of demand for Netflix? Do you think that their plan to increase prices was a good idea? How has Netflix..
As some players admitted, though, some of the increased strength came from taking steroids and other illegal drugs. Taking steroids can significantly increase the risk of developing cancer and other medical problems. In these circumstances, are ba..
Select an article from any Australian news websites or newspapers(e.g. Financial Review, The Age, and Sydney Morning Herald). Ensure that the article you choose contains news/information/description about: (a) Competition and the nature of competitiv..
U.S. farmers are concerned about this drop in export demand. What happens to the free-market price of wheat in the United States? Do farmers have much reason to worry?
the typical industrial bakery can produce cookies at a daily long run cost of tclrq 0.01q2900where q is the number of
Discuss how you can influence the chief executive officer (CEO) to consider expansion and new technology.
Compare the formula for calculating the present value of the payments you will receive from owning a bond to the formula for calculating the present value of the payments you will receive from owning a stock. What are the key similarities? What ar..
The estimated market demand of a commodity X is given as Q=70-3.5P-0.6M+4Pz, where Q=Estimated units of X demanded, P=Price of the goods, M= Money income and Pz= Price of related goods.
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