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Suppose that the pre tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax burden?
a) $0.50
b) $0.75
c) $1.00
d) $1.25
e) none of the above
If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
Graphically elucidate how electrical monopolist would determine its profit maximizing price and output level. Identify the area of consumer and producer surplus for the profit maximizing monopoly.
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
q. suppose the inverse demand function for an industry is p 9 - q20. the cost function for the industry is c 10 10q
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
Depend on this information, which market structure best characterizes the industry in which Forey competes.
karens performance pizza is a small restraunt in ny that sells gluten free pizzas karens very tiny kitchen barely has enoug room for the three ovens in which her workers bake the pizzas karen signed a lease obligating her to pay the rent for the t..
What is the maximum amount of harvest that can sustainably be achieved (i.e., the maximum sustainable yield, MSY)?
q1. suppose that abel builds a factory next to bakers farm and air pollution from the factory harms bakers crops. is
How might this impact stock price in the short term? How do you believe that management deals with these two sometimes competing goals?
You are the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees. What raised in the joint session of the subcommittees.
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