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Upon graduation, you accept a job with a software development firm. The job will pay you $60,000. First, use the marginal income tax rates in Table 17.1 to compute your federal income tax owed. Now assume that the United States moves to a flat tax system instead of a progressive system. With a flat tax, everyone pays the same percentage of income in taxes. If the flat tax rate were levied at 20%, which system would you prefer? At what rate would you be indifferent between the systems? (That is, at what rate would you have no preference for one system or the other?)
Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry..
Class, what are some other important barriers to entry? What are more examples of oligopolies? What do we mean by industry concentration?
Suppose an economy's real GDP is $38,000 in year 1 and $41,200 in year 2. What is the growth rate of its real GDP (Instructions: Round your answer to two decimal places.) The growth rate of the economy's real GDP = % Assume that population is 100 in ..
ECON10132/ECON20292 Further Statistics. The tensile quality of a steel billet can be measured by its α- content. Define a suitable discrete random variable to represent the price of a tonne of steel
A company is considering replacing a painting machine purchased 9 years ago for $700,000. It has a market value today of $40,000. The unit costs $350,000 annually to operate and maintain. A new unit can be purchased for $800,000 and will have annu..
(Rationale for Rules) Some economists call for predetermined rules to guide the actions of government policy makers. What are two rationales that have been given for such rules?
Similarly, Fed reserve requirements are imposed on any loan from a U.S. bank's foreign branch to a U.S. resident, or on any asset purchase by the branch bank from its U.S. parent. What do you think is the rationale for these regulations?
If an investor deposits $1000 now, $3000 three years from now, and $600 per year for 5 years starting 4 years from now, how much money can be withdrawn every year forever beginning 12 years from now, if the rate of return on the investment is 8%.
according to solows model of economics, what determines the rate at which a nations income per person grows based on that model, what sort of public poicies would be able to increase the growth rate in income per person
Implement your procedure on the phoneme data, and try it out. Divide the data into a training set and a test set (50-50), making sure that speakers are not split across sets (why?). Use K = 1, 3, 5, 7 centers per class, and for each use J = 5, 10,..
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $35.00 per unit for all successive units.
How should he analyze his data? What problem arises from the fact that there was not a group given plain-old- candy-store gum? (Note: The experimental [gum] group had abstinence rates of 90% and 64% at one and six months, respectively, and the con..
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