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!
For the sake of simplicity, suppose 89 octane is the only grade of gasoline and it currently sells for $2.89/gallon. Suppose the federal government imposes an excise tax on gasoline of $10/gallon. This tax will take effect one year from today. Based on this information alone, answer the following questions (ceteris paribus):
A. How should this affect the supply and demand curves for gasoline?
B. How should this affect the supply and demand curves in the market for electric cars?
C. Who do you expect to pay the majority of the tax, the sellers or the buyers? Briefly explain your rationale.
D. Suppose the federal government offset this tax increase with a dollar-for-dollar tax decrease in the income tax. Would the economy be better off, worse off, or experience no change? Briefly explain (this is challenging so I recommend saving it till the end).
XYZ is a small leather shoes manufacturing company. The market for the brand of shoes produced by XYZ is highly competitive, currently selling for $100 per pair. XYZ's total and marginal cost functions are as follows: C(Q) = 1,000,000 + 0.01Q2 MC = 0..
Farm workers in Oaks Farmville face a 1/198 probability of death at work and each of them receives a yearly wage of $61,000. Farm workers in Valley Farm face a 1/54 of death at work. Assume that both kinds of job require the same level of skills, eff..
Leading up to the 2010 midterm elections, there was lively debate on whether the Bush tax cuts, enacted in 2003, should be allowed to expire for families with annual incomes over $250,000. What would be the impact of allowing income taxes on these fa..
1. Which sentence is the better topic sentence, the first or the third? Explain why.
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. As per to these numbers the hospital cost about how much in 2000 dollars. Explain the price of a good is above equilibrium.
One requirement of this course is for you to write a briefing paper on the macro economy of a country of your choice, other than the United States. You do not need to pick a particular “type” of country: every country has a macroeconomic history and ..
A motor capable of delivering 200 hp to steel rolling mill drive is being evaluated in a present economy study. The selected motor will only be utilized for one year, and it will have no market value at the end of the year. purchase cost, maintenance..
Duffy derives utility from only two goods: milk and cookies. He only consumes milk and cookies in fixed proportions: he likes to have 4 cookies with each glass of milk. Duffy has income of $270, the price of milk is $1 per glass, and the price of a c..
For a repayment schedule that starts at EOY three at $Z and proceeds for years 3 through 8 at $2Z, $3Z,..., what is the value of Z if the principal of this loan is $10,200 and the interest rate is 9% per year? Use a uniform gradient amount (G) in you..
How has the economics changed in the health care system before and after the Affordable Care Act. For example, The price of health care versus and quantity received.
Discuss the differences between unemployment and underemployment and give examples of each. Which do you think is a more serious “problem” for the economy? How might underemployment be addressed through government policy?
A consumer has a budget of $200 to spend on bowling (b) and tutoring sessions (t). Assume that each game of bowling costs $16 and each tutoring session costs $20. The consumer derives utility from tutoring sessions and bowling according to the utilit..
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