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Question: Many economists and politicians have argued that moving from an income tax to a consumption tax would be unfair unless a wealth tax or an inheritance tax were enacted at the same time. Explain the arguments on both sides of this issue.
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity.
What is accounting in basic terms. Please be as specific as you can. Thank you and please don't rush to answer if you are not sure.
Discuss the difference among inflationary gap and deflationary gap.
What is the marginal product of k? What is the average product of k? In what follows, we assume that population grows at the constant rate n and that capital depreciates at the constant rate δ.
What is the Program Manager (PM) role regarding acquisition T&E? Additionally, what are some PM responsibilities? Why is it so important to have an Acquisition Program Baseline (APB) and baseline documentation?
Costa Rica hasa GDP of $9 billion (measured in U.S. dollars) and apopulation of 4 million. Calculate the per capita GDP for each country and identify which one is higher.
This customer can buy or sell the commodity depending on its cost.
How will the equilibrium price and quantity in the market for WHEAT be affected when farmers growing soybeans experience a decrease in the price of soybeans. The big thing that confuses me is if wheat and soybeans are substitute or complimentary pr..
Assume there are two firms, A and B, buying labor in a market. They each have a constant level of VMP = 15. They face an upward sloping supply curve, W = 2L, where L is the sum of the supply of labor purchased by firm A, LA, and by firm B, LB.
Sketch a domestic supply and demand diagrams for a product in which the United States does not have a comparative advantage.
Assume that two firms merge. E.g., Firm 1 decides to buy Firm 2 and shut it down. Assume that the merger does not change marginal costs. Calculate Cournot-Nash equilibrium profits for each active firm in the new equilibrium
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