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Question: In the argument for why perfect competition is allocatively efficient, the price that people are willing to pay represents the gains to society and the marginal cost to the firm represents the costs to society. Can you think of some social costs or issues that are not included in the marginal cost to the firm? Or some social gains that are not included in what people pay for a good?
Create a cash flow statement for Contest Company, for the year ended December 31, 2015, on the spreadsheet provided.
EC328, Spring 2016 - Major Assignment 1: Educational Attainment in Canada. Construct a graph showing mean years of schooling by age, with separate lines for men and women - preserve, collapse (mean) yrschool, by(AGEGRP SEX)
Using the information in this chapter, label each of the fol- lowing statements true, false, or uncertain. Explain briefly. The original Phillips curve is the negative relation between unemployment and inflation that was first observed in the Un..
In studying the farm demand for tractors, Griliches used the following model*: T * t = α X1,t-1β1 X2,t-1 β2 - What is the estimated coef?cient of adjustment?
1. identify the country cluster for both your domestic and global environments choose different clusters.2.
Let us consider a market for foreign exchanges namely market for dollars/Wons in Korea. What would determine the supply side of this markets, namely what are the sources of supply of dollars in this markets?. Please try to list several sources.
What is the market price of the product and draw the social demand curve and what is the socially optimal output - By how much does the market overproduce this good?
How does each answer compare to the answer the original Solow model would give when s increases, both qualitatively and quantitatively and instantaneous increase in the growth rate of productivity
On a supply and demand chart, what would the slopes have to look like for a consumer to pay the whole amount of an excise tax equal to exactly the cost of the tax instead of splitting it with a producer?
New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters.
In 250 words and on the basis of tax efficiency and tax equity, would you prefer the U.S. government keep it's income and payroll tax structure or convert to a VAT system and why?
If the Consumer Price Index rises from 200 to 220 over 12 months time, what was the rate of inflation over this time period?
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