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In each of the following, give an example of tax expenditures and conventional expenditures. Explain how the same results could be obtained by converting the tax expenditure into a conventional expenditure.. Medicine, housing, education.
Sketch the firm's isoquant and isocost lines and show its current equilibrium in the use of labor and machines when producing 200 gizmos per month.
Marge has spent her entire budget on milk and cookies. The last glass of milk provided Marge with 10 additional utils and the last cookie provided her with 25 additional utils. The price of a cookie is twice the price of a glass of milk. Assuming tha..
Assume you invest your money is a portfolio of stocks known as the S&P 500 (i.e. a portfolio of 500 stocks). Based on historical performance, in which investment horizon would you earn the largest annualized gain (i.e. percentage gain per year or ye..
q.consider once again the microchip market. demand for microprocessors is given by p 35 - 5q. where q is the quantity
In class I showed the impacts of a new vaccine using the model by Thomas Malthus. Likewise, now consider the 2014 Ebola outbreak in West Africa. In 2014 the Ebola virus outbreak in West Africa led to 11325 deaths. Explain how the Ebola deaths in Sier..
For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served. The government decides that it will cut taxes in an attempt to move the economy out of a severe recession.
Select any two of the four basic strategies used to preserve security. Identify and describe what assumptions are made about the opponent according to each of the two strategies you chose; provide examples
Firm A and Firm B are competitors in the same industry. The two firms have similar operating costs, except Firm A has more fixed operating costs than Firm B. As a result, which firm would experience a greater change in operating income as the result ..
A business has launched a new product line that has resulted in significant business and related data growth. A database/TPS application is facing issues with using too much disk storage. It is becoming critical and the organization may need to buy a..
Illustrate what percentage does equilibrium cost level differ from its initial value if output increases to Y = 106 (and r remains at 0.10).
What does the economy look like when the economy is in an unemployment gap? What type of unemployment rate is it compared to the Natural Rate of unemployment? What about inflation?
The price elasticity for the product of your company on the market is Ep = -0.8. You are selling the product for $10 per unit. What would occur to the total revenue coming from this product is you increase price to $11 per unit?
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