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1. What are the effects of taxes on price level? Why?
2. In your opinion, do taxes lead to efficiency or inefficiency?
3. How does a free market eliminate a surplus?
If marginal cost exceeds marginal revenue, a profit-maximizing monopolist will
A friend borrows 500$, agreeing to pay back the loan principal plus 75$ interest one month later. One year goes by and he doesn’t pay. Exactly one year later you ask him to pay the loan immediately plus an interest with monthly compounding.
Suppose the market for operating systems were perfectly competitive. What price would be charged? How many would be sold? Would the firms in this industry be profitable?
Consider an infinitely repeated Cournot duopoly with discount factor ? 0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor ?, for which the two firms could successfully collude over the monopoly outp..
The Federal Reserve purchases $1 million in U.S. Treasury bonds from a bond dealer, and the dealer's bank credits the dealer's account. The reserve ratio is 15 percent. Assuming that no currency leakage occurs, how much will the bank lend to its cust..
Please select a brand and describe the marketing channel the brand will pass through on the way to the end user. How does this add value and costs?
q.a firm that sells e-books books in digital form downloadable from the internet sells all e-books relating to
During the most recent recession General Motors and Chrysler lost huge sums of money in their operation (not counting government bailout money they could not assume they would get). How could they continue to operate at a loss?
All licensed drivers are required by law to purchase a minimum level of auto and motorcycle insurance (well, if they own either of the two). However, the vast majority choose to buy much more insurance than the required minimum. It’s also true that m..
q1. if michael has 48 to spend on cola and pretzels what combination should he purchase in order to maximize his
Walmart.com announced that it wants to be "the most visited, most valued online retail site." Suppose you were hired by an outside consulting firm to evaluate Walmart.com's potential to achieve this goal.
An increase in the number of fast-food restaurants
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