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Summarize the arguments about the regressivity or progressivity of the property tax. How might you attempt to verify which view is correct? What factors might make either of the two simple models, the excise tax on rentals or the tax on capital, less likely to predict the distribution of the tax burden in the real world?
A pallet recycler has offered to purchase pallets, which are of certain sizes and in good condition. The pallets that are in these sizes and in acceptable condition amount to half the scrapped pallets. The pallet recycler is offering to pay $1.00 ..
What are the various ways you could accomplish this? Which of your solutions do you favor?
Unique creations holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be TC=$100,000+20Q a) What is marginal cost for Unique b) If the price elasticity of demand for Unique is current..
Suppose the inverse demand for a product is Q = ?P 1/2 + 10. Write the expression for the demand curve, i.e., P = f(Q). What kind of expression is this?
Assume that two companies (A and B) are duopolists who produce identical products. Demand for the products is given by the following linear demand function: P = 200 Â- Qa - Qb Where Qa and Qb are the quantities sold by the respective firms.
Calculate the marginal propensity to consume after the change in the rate of savings for the following situation. 20 years ago the average savings rate was 20 percent of disposableincome. It is predicted that this would drop to 5 percent in lesstha..
the table below sets out some data for country x in 2007.nbspnbspnbspnbspnbspnbspnbspnbsp item nbsp nbsp nbsp nbsp
What assumption about consumption behavior leads to this result? b. What happens to this ratio after retirement?
Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average. Referring to the table above, is this an example of a prisoner's dilemma game
Evaluate this view in terms of the external economy model.
1985/the cocacola comp was faced with soaring prices for sugar cane, 1-cent increase in the price of sugar cane raised its total cost by$20million.Rather than raise the price, comp looke for a cheaper input and replced cane suger with corn sugar.
Danny "Dimes" Donahue is a neighborhood's 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $2 each, he sells 250. At a price of $1.5 each, he sells 300. What is the elasticity of th..
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