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Q1. The sales tax rate applied to all purchases within a state was 0.04 (4 percent) throughout 2006 however increased to 0.05 (5%) during all of 2007. The state government collected all taxes due, but its tax revenues were equal to $40 million each year. What happened to the sales tax base between 2006 and 2007? What could account for this result?
Q2. Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit, your costs decrease by $6. The first unit costs you $64 to product. If you receive a request for proposal (RFP) on a project for four units, what is your breakeven price?
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
A wave of day laborers with experience in home construction moves into the area. Will this shift the labor supply curve, demand curve or both in home construction.
What does it mean when asked; what are some considerations to remember given the different roles and people in the audience.
Explain the essential distinctions among the stages-of-growth theory of development, the Structural change models of Lewis and Chenery.
An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.
Assume in this market all apartments are identical, so there is only one equilibrium rent. Show the rent as $800 per month.
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
Show the effect of an increase in the price that the government charges for electricity.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
With regard to consumerism, immigration, and nutrition, where do you find their critiques compelling.
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