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Navel oranges are grown in California and Arizona. If Arizona starts collecting a specific tax per orange from its firms, what happens to the long-run market supply curve? (Hint: You may assume that all firms initially have the same costs. Your answer may depend on whether unlimited entry occurs.)
Due to economies of scale in the industry, entry by new firms is not profitable. Toyota has asked your company and your only rival to simultaneously submit a price quote for supplying 100,000 front and rear windshields for its new Highlander.
A consumer must divide $250 between the consumption of product X and product Y. The relevant market prices are Px $5 and Py $10. Show how the consumer's opportunity set changes when the price of good X increases to $10.
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a packet of cigarettes currently costs $8 and the government wants to reduce smoking by 20%, by how much should it increase the price
Maureen Laird is the chief financial officer for the Alva Electric Co., a major public utility in the midwest. The company has scheduled the construction of new hydroelectric plants 5, 10, and 20 years from now to meet the needs of the growing pop..
Why, in such an economy, is it not necessary for planned savings to equal planned investment? If planned savings exceeded planned investment, explain the process by which the level of national income adjusts.
How well does the U.S. tax system fare in terms of these criteria? What is the difference between horizontal equity and vertical equity? What is the difference between a progressive and a regressive tax?
How do you think the Fed should have handled that situation?
The unemployment is part of the natural rate and need not concern policy makers. Discuss that statement and its relevance to the economy today.
Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of calculations and prepare 50 PowerPoint slides. It would take Gary 10 hours to do the required calculation and 10 hours to..
in an examination of purchasing patterns of shoppers a sample of 16 shoppers revealed that they spent on average 54 per
Are earnings subject to ethnic discrimination? Using your EAEF data set, regress LGEARN on S, ASVABC, MALE, ETHHISP and ETHBLACK .Interpret the regression results and perform t tests on the coefficients.
Proponents of the program have said that $400 million will be given directly to taxpayers and argue that this will have an economic effect that is greater than the original $400 million spent because of the multiplier effect. Many voters and taxpa..
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