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For commodity X, average cost is equal to marginal cost at every level of output. Assuming that the market for X is competitive and the demand curve is linear analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. Discuss the differences.
Identify a company that you successfully creates shared value, and explain how they do it. Cite any sources in APA format.
Assuming a bank only keeps enough of its reserves to meet its reserve requirement, how much money is created when the Federal Reserve purchases $80,000 worth of bonds from a bank (this means they deposit $80,000 in that bank's reserve account) and th..
Define the Social Planner Problem. Solve the Social Planner Problem. This is, find the Euler equation in terms of exogenous variables and the only endogenous variable k2. Define the tax distorted competitive equilibrium of this economy. Solve the rep..
Describe the effect of each of the following events on the demand or supply of gasoline in the USA. Further indicate the likely direction in the amount of gasoline exchanged AND the expected market price.
A social scientist claims that the average adult watches less than 26 hours of television per week.
Assume the government has removed all barriers to entry in an industry where the existing firms are making an economic profit? explain with the use of demand and supply diagram, the impact of the government measures on the profit of firms in the indu..
What are some contemporary technology issues? How do we learn to accept the social responsibilities of educated citizens in a global technological society?
Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
q1. suppose that the terms of trade of a nation improved from 100 to 110 over a given period of time.a by how much did
If company wants to earn a mark-up of 50 percent on its variable costs, explain how many sets will it have to sell at price obtained in part b.
Illustrate what will be the effect on the level of checkable deposits.
Compute the percentage that alter in quantity demanded of plane rides and train rides.
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