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Assume that the supply of soda is more elastic than the demand for soda. Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax.
Please actualy draw the supply and demand diagram for a full rating!
Given all the above factors, which candidate should be selected? (b) By how much would the estimated capital investment for the alternate candidate [the candidate not selected above in (a)] have to vary from your first decision in (a)?
At what quantity of output does marginal cost attain its minimum value? At what quantity does average variable cost equal marginal cost?
How can BIS Corporation validate model. What is impact of aggregating customers and products on model accuracy.
Suppose instead that the marginal mining cost increases with the amount mined. Illustrate what is now the e¤ect on gold consumption and mining of an increased use of gold as money.
Explain how did mortgage-backed securities spread losses during the mortgage default crisis.
An intraocular lens manufacturing is in the qualification process of a polishing machine.
Suppose that after five years consumer spending doubles to 400. Explain how much do you believe will be the budget share of leisure.
Suppose the firm chooses this input combination. What is the firm’s short run cost function? What are the firm’s fixed costs? What are the firm’s variable costs?
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index.
Assume the farmer buys insurance that pays 3$ if it doesn't rain but costs 2$. Illustrate what is their consumption when it rains.
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