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Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every week at a price of $4 per case. After the tax, 29,000 cases of cola are sold every week; consumers pay $5 per case, and producers receive $1 per case (after paying the tax).
The amount of the tax on a case of cola is____
per case. Of this amount, the burden that falls on consumers is
per case____, and the burden that falls on producers is
per case.____
You have insider knowledge and many contacts at a large number of the academic publishers of electronic journals. You also have experience from the academic library side of the business. So, you have decided that you want to use today’s computing res..
Calculate the new supply of dollars at each exchange rate and graph the new supply curve. What is the new equilibrium exchange rate, given the original demand for dollars?
Assume that the payoff to a goblin is if he is made into a house elf and that it equals the number of galleons if he is not. Using the solution concept of subgame perfect Nash equilibrium, what happens?
Find the three stages of production. If the wage rate is $500 and the price of output is $5, how many workers should the firm hire? Why?
If Anne is planning to invest her loan in an asset which she hopes to turn a profit on, Illustrate what is the minimum rate of return she needs to earn.
A successful man make a donation to his Sister for building a new store and upgrading shops, as well as for establishing a store fund. The donation is planned to be spent as follows: $200,000 each year for the first three years, $250,000 each year fo..
Explain how labor market equilibrium is affected by the supply also demand of labor.
Should you charge a high price for admission and a low price for popcorn, or vice versa? In your answer, make sure you include the following:
What are 4 reasons for fear/nervousness? Why would memorizing a speech be a bad method to use when presenting your speech? What techniques can a speaker use to reduce excessive tension before a speech?
Explain how a monopolist can increase profits by price discriminating. What are the conditions necessary for price discrimination?
You work at a shop with lots of competitiors, these competitors act as price takers. The market supply and demand curves result ina price of $10 for your product. Write down the equation for profits. Assuming that yoru firm's objective is to maximize..
If nominal output rises from $13.5 billion to $14 billion and the GDP deflator rises from 100 to 105, What is the percentage increase in nominal output? What is the percentage increase in the price index?
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