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The property value on the smith family's house had an assessed value of $250,000. The property tax was $3500. Determine the property tax on a house with an assessed value of $420,000, assuming the same tax rate.
During your next trip to the supermarket (or you may need to make a special trip) find two examples of different goods for which the market is oligopolistic. Make certain that you have chosen a ‘good' and not a brand name.
A firm hires four workers and rents 16 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land and labor,production would have been 335,000 bushels. Does it have constant, decreasing , or increasing returns to s..
List the combinations of hours spent playing golf and tennis that Cindy can now afford. along with the combinations in part (a), list Cindy's marginal utility per dollar from golf and from tennis. How many hours does Cindy now spend playing golf and ..
Illustrate what objectives are pursued by members of the OPEC cartel. Discuss what actions they can take to achieve these objectives.
Use the Internet to research one (1) developing nation of your choice. Your research should include an examination of the effects that war and peace have on the distribution of foreign aid, as well as the material covered by the Webtext and lectur..
If actual inflation exceeds anticipated inflation, who will lose purchasing power, and who will gain? How does unanticipated inflation harm the country? As part of your answer, include how you and your employer would both be affected.
the present market conditions for the Xerox corp by addressing the price elasticity of demand for the company.
Globalization and global trade have led to increased competition in world markets and increased allocation of scarce resources. Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures.
Make sure you indicate the horizontal and vertical intercepts. Now, suppose the local government is considering two health plans. Under plan A, the government will give out vouchers worth 2 free visits to the doctor.
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item..
How would you advise your friend relative to monitoring changes in the business cycle (i.e. identifying expansion vs. contraction of the economy)?
Define presidential doctrine and summarize the regional or global events during the Cold War leading up to the formation of the presidential doctrine you wrote about in Assignment
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