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Suppose that the demand function is given by x=P^-n, and the supply function by y= p^e. Find the equilibrium price. Determine the effect on the equilibrium price of the introduction of a tax t=0.1 if n= e=0.5. Finally, describe how the incidence of the tax is divided between the consumers and producers.
Williams and Westrich stock is currently selling for $15.25 per share, and the dividend is expected to continue.
Draw a graph describing the demand and supply curves before and after the tax. describe graphically the tax revenue and how it is shared between the consumers and suppliers (producers) of gasoline.
Economists also businesses almost always compare costs and benefits in their decision making.
Explain how would you justify the long-term nature of your contract with CGI Group.
Do you really believe that there are certain common characteristics or traits of American managers that have led to moral or ethical decline in United State business over recent years and thus business scandals?
Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.
Suppose that there are two goods in the economy, and the price of each good is equal to 1. When Alice has income of $10, She consumes 1 unit of good y and 9 units of good r.
Elucidate the impact of inflation, unemployment and the business cycle. Explain if the conditions are consistent with the Keynesian or classical economic theory.
Illustrate what will the new level of nonborrowed reserves. If interest rates do not change, what will be the new level of total reserves.
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
Illustrate ahat are the general equilibrium values of the real interest rate, price level, consumption, and investment.
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods.
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