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Compare the effect of a $1,000 tax on cars with the effect of a 10 percent tax on cars. Which tax is likely to have the same impact on the demand for cars (in percentage terms) no matter which year it was imposed? In other words, if the tax was imposed in 1988 versus 2008 which tax would have the same impact - the percentage tax or the flat tax? Why is this true? Atleast a paragraph. Please be a little specific.
Illustrate what effect does the current supply and currently demand have on this product.
Colleagues, assess and explain a major trade regulation or policy of the United States (please choose a regulation or policy other than one already discussed by your classmates). What purpose(s) does the regulation or policy serve?
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function.
How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products. Draw ..
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, Illustrate what were the economic incentives for producers.
Explain how advertising did or did not play a key role in your decision to purchase which product. Why might it be excessive at times.
The review should consist of a summary of the main arguments of the article also an evaluation of the strengths also weaknesses of the article.
q1. how concentrated are income gains among the top 110th of one percent?q2. how does cost-consciousness help in better
An economist estimated that the cost function of a single-product firm is: C(Q) = 110 + 20Q + 30Q2 + 10Q3.
Consider a coupon bond that has a par value of $1,200 and a coupon rate of 5 %. The bond is currently selling for $1,200.00 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? What is the Yield to Maturity?
A firm pays a wage of $40 per hour to 25 unskilled workers, $60 to semi-skilled workers, and $80 to 10 skilled workers. Find the weighted average wage paid by the firm.
Which of the following is the BEST example of a pure public good?
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