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Q1. Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax?
Q2. Suppose that the demand for gasoline is inelastic also the supply is comparatively elastic. Governments inflict a sales tax on gasoline. Tax revenue is worn to fund research into clean fuel alternatives to gasoline which will improve the air we all breathe. Who bears more of the burden of this tax? Elucidate how a diagram who bears Elucidate how much of the excess burden.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
Calculate Anthony his explicit cost for operating his consulting firm for a year?
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage payments interest.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
Howard Bowen is a large-scale cotton grower. The land as well as machinery he owns has a current market value of $4 million.
Illustrate we know about the effects of mandatory seat belt laws, which of the following groups would be most likely to mount a campaign to repeal those laws.
Write out the payoff matrix for this game, and then find its Nash equilibrium.
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
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