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An accountant says she found a legal way for Jane to shelter $2,000 of taxable income from the fed gov't. Max amount Jane is willing to pay to learn this strategy and reduce her taxable income by $2,000 is??
General Electric discovered that the marginal product of magnesium a variable factor in manufacturing of light bulbs will lead to the eventual decline in output as the use of the magnesium is increased. This illustrates what economic theory
Give salary subsidies to firms that hire the less-advantaged. Initiate a federal training program the raises the skills of poor individuals.
Does Victor always prefer more of either good to less?
Evaluate the range of marginal revenues
Define tax multiplier MT ≡ ?Y∗/?T and government expenditure multiplier MG ≡ ?Y∗/?G (in calculus terms, MT = ∂Y∗/∂T and MG = ∂Y∗/∂G)
Production Possibility Frontier
Explain the difference between demand pull inflation and cost-push inflation, illustrating your answer with examples of each
Suppose that Bank of America makes the maximum loan they can from the funds you deposited. Use a T-account to show the initial effect on Bank of America's balance sheet from granting the loan
Assume you are a business person with an opportunity to make more money by meeting with competitors and fixing prices, conduct which is illegal. The authorities will not discover that the prices have been fixed. In fact, the price rise could be sm..
suppose you have estimated the supply curve for the local labor market as qs w - 5 where w is the hourly wage and qs
Consider an investment of $5000 in an oil-drilling venture that is believed either to provide a return of $55000 or to result in a loss of the original investment. If the probability of success of the oil-drilling venture is. find the expected pr..
Summarize the gains from trade in the Theory of Comparative Advantage
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