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Suppose that the demand curve for cigarettes is given by Qd = 50 ? P and the supply curve is given by Qs = P. The government wants to raise $300 in revenues by taxing the cigarette market. Calculate the amount of the excise tax required to accomplish the government’s goal.
Although I'm specifically interested in the likely economic consequences of implementation of an official world auxiliary language, since this is only theoretical, I'd like to know what have been some economic consequences, whether positive or negati..
Suppose a young couple with an 8-year old son attempt to save for their son’s college expenses in advance. Assuming that he enters college 10 years from the present, they estimate that an amount of $12,000 per year in terms of today’s dollars will be..
q.consider ?the ?following ?market ?for ?a ?single ?good ?x ?with? two? firms ?that compete ?via? price? bertrand.?you?
Elucidate how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
q.the market for pizza has the following demand and supply schedules supplied of price quantity and demanded quantity4
Find the amount of capital and labor that will maximize profit. Show second order conditions for the maximum.
Illustrate what are the indicators of underdevelopment in a world economy.
Evan gets twice as much marginal utility from an additional bottle of water than from an additional bottle of soda.
A local car dealer is advertising a standard 24-month lease of $1,150 per month for its sports car. The standard lease requires a down payment of $4,500, plus a $1,000 refundable initial deposit now. The first lease payment is due at the end of month..
If a country's growth is biased in favor of its import, this should unequivocally improve its terms of trade also its economic welfare. Use a graph to explain why
Illustrate what would happen to the equilibrium price also quantity of lattés if the cost of producing steamed milk
how many pineapples will she consume? If her income increases to $120, how many grapefruits will she consume? Are grapefruits a normal or inferior good?
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