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Explain what is meant by the terms, vertical equity, horizontal equity and the Ramsey rule. A city is considering imposing excise taxes on the following items to raise revenue to finance the construction of a new stadium for the major league baseball team that plays in the city. Evaluate the following taxes from the standpoint of vertical and horizontal equity.
a) jewelry
b)cigarettes
c) stock market transactions
d) tickets to baseball games
Since actual budget deficits surpassed 10 percent of GDP in 2009:
Which of the following events will tend to increase net exports of the United States?
A customer has a utility function of U(x,y)=xy+6x+6y The price of good X is Px, customer income is I, hence constraint is x(Px)+y(Py)=I. Use Lagrange method to find demand function of x when I=20. Suppose Py=1, and Px can vary, I=20, what is the pric..
Assume that we have a economy with no government and no capital investment that is closed to the outside world.draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream..
what do you think the impact on the firm will be of the loss of the ceo under an ethical cloud? what do you think
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $0.375 per square foot.
Suppose you have a limited money income and you are purchasing products A and B whose prices happen to be the same. To maximize your utility you should purchase A and B in shuch amounts that?
1.using significant five items or artefacts held by the museum of london write a history of the london economy from
The secret to producing more consumption goods in the future is
How does the articulation of strategic intent affect the strategic planning and management process? Could organizations be just as effective without clear statements of strategic intent?
b. Find marginal product. Find the number of labor (L) that the firm should hire to maximize marginal product. c. Find the number of labor (L) that the firm should hire to maximize total product of labor. d. Find the number of labor (L) that the firm..
A client has asked you to help them retain talented workers. They are facing high turnover in their engineering departments. They are unsure what is creating this problem but exit interviews with the engineers have indicated that there may be a ..
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