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The simple case of a fixed per-unit tax is indicative of more complicated ones. Consider a proportional sales tax and a progressive sales tax. How do the tax revenues, and quantities produced compare in these various cases?
Explain how value can be created simply by exchange even when nothing new is produced? [This is true for a monetary and for a barter economy].
Explain how competitive privately issued currencies would work automatically to provide consumers with protection against inflation?
Would interest exist in a pure exchange economy where no production occurred? Explain.
Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.
Yesterday, the current exchange rate was $ 1.05 Canadian per U. S. dollar and traders expected the exchange rate to remain unchanged for the next month. Today, with new information, traders now expect the exchange rate next month to fall to $ 1 Canad..
Everything else equal, when the market supply curve shifts inward, consumer surplus. Everything else equal, given an upward sloping supply curve, if the market demand curve were to shift outward, producer surplus
What is the equilibrium price for lawn mowers? What is the equilibrium quantity of lawn mowers? What is the value of the maximum gains from trade? What is the value of consumer surplus if a price ceiling of $40 is put in place?
expected profit from machine decreases. Rental cost/user cost of capital will decrease when: real interest rate falls. This fully anticipated monetary expansion will cause which of following to occur.
Explain Carver Memorial Hospital's surgeons have a new procedure that they think will decrease the time.
q1. bmme5103 2 forgone entrepreneurial income to be 10000 a year. she used 500000 in savings that earned 5 percent
Trading partners should specialize production in accordance with comparative advantage, then trade and diversify in consumption because
q1. game theory colonel blotto has three partitions through which to defend 2 mountain passes. his challenger also has
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.
Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following 1 loan balances and APRs: Card 1, $4,500, 19%; Card 2, $5,700, 23%; and Card 3, $3,200, 15%.
1. financial markets make it possible for those who have saved money to earn a reward by providingthe financing
What is value of net domestic product. What is value of net investment.
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