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Which of the following is an accurate statement about state lotteries?
a. because of individual demand for gambling, lottery proceeds are stable from year to year and easily predictable.
b. compared to other sources of state revenue, the cost of raising revenue from a lottery is quite low per dollar raised.
c. because of broad participation rates through all income classes, the burden of the lottery is equivalent to that of a proportional tax.
d. earmarking of lettery proceeds for specific purposes, i.e., for primary and secondary education, has not always increased the state spending for those purposes.
Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost - With the aid of a diagram explain the long run average cost curve and the influences upon it.
A knitting shop orders yam from three suppliers in Toronto, Montreal, and Ottawa. One month the shop ordered a total of 114 units of yam from these suppliers. The delivery costs were $79, $45, and $63 per unit for the orders from Toronto, Montreal, a..
From 1990 to 2004, the Celtic Tiger, Ireland, experienced annual growth in RGDP of 6.4% while the capital stock grew at 4.8% per year and employment grew at 2% annually. Labor’s share of Income was 60%. What was the growth rate of Total Factor Produc..
Two organic emu ranchers, Bill and Ted, serve a small metropolitan market. Bill and Ted are Cournot competitors, making a conscious decision each year regarding how many emus to breed. Find the monopoly price, quantity, total profits, and consumer su..
A reduction in monopolist’s fixed costs would:
i am really having trouble correcting my homework assignment and really need finding the correct answers. can you
q1. people sometimes talk about lsquotwin deficit where the twins are the current account and the government budget
On a sparsely populated island, high-speed Internet service would have a _____ marginal utility than in New York City, while in New York City quiet evenings would carry a _____ marginal utility than on a deserted island.
At the equilibrium point in the above graph, which of the following is false?
Define and explain the money multiplier. Identify the change to the money supply in the following situation: The required reserve ratio is 12.5 percent and the Fed increases the monetary base by $100.
Please explain the significance of whether a contract must be in writing. This would include an explanation of the type of contracts that would fall inside and outside the Statute of Frauds.
Youngstown sold most of its output in the Midwest. Was this fact relevant.
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