At least half a dozen states

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"At least half a dozen states and cities from Florida to Hawaii now impose $2 to $7 surcharges on car rentals. These fees can amount to as much as a 30% tax on 1day rentals."

Reference no: EM131425953

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Would this price change affect the consumer demand for food : A consumer has preferences for food and entertainment equal to U(qF, qE) = qF2 qE. Suppose the consumer's budget is $1,000 and the unit price of entertainment is $10 Find the consumer's demand for food. Suppose the price of entertainment increased to..
Consider an economy with a representative consumer : Consider an economy with a representative consumer, a representative firm and a government. The consumer owns K unit of capital that she can rent to the firms at a price r, and can work for up to h hours at an hourly rate of w. efine an equilibrium f..
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At least half a dozen states : "At least half a dozen states and cities from Florida to Hawaii now impose $2 to $7 surcharges on car rentals. These fees can amount to as much as a 30% tax on 1day rentals."
The federal income tax code : Suppose, as in the federal income tax code for the United States, that the representative consumer faces a wage income tax with a standard deduction. That is, the representative consumer pays no tax on wage income for the first x units of real wage i..
Attract more customers and is considering starting promotion : A grocery store wishes to attract more customers and is considering starting a promotion. The supermarket could give a discount on some frequently purchased items or a general discount. In your diagram, show how the discount would affect the budget c..
Without international trade ability of nation to specialize : Without international trade the ability of a nation to specialize in what it produces relatively more efficiently would be meaningless and its production possibilities would always be equal to its consumption alternatives.
Elasticity of demand for the total breakfast cereal market : Would you expect the price elasticity of demand for a particular brand of breakfast cereal, such as “Wheaties,” to be higher or lower than the elasticity of demand for the total breakfast cereal market?

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