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Suppose that the demand for cigarettes is given by Qd = 2000-200P , where Qd is the number of packs demanded and P is the price pack. The supply of cigarettes is Qs=200P
a. Find the equilibrium price and equilibrium quantity of cigarettes, assuming the market is competitive.
b. In an effort to reduce cigarette smoking, the government levies a tax $2 per pack on buyers.
(I) Compute the quantity of cigarettes bought and sold after tax
(ii) Compute the price paid by consumers and price received by the sellers after tax.
(iii)How much revenue does the tax raise for the government?
(iv) What percent of the economic incidence falls on buyers and on seller?
Consider an organization where you work, or one with which you are familiar. What is an issue within the organization that could benefit from applying ethical principles? How can these principles be used?
Suppose me also my roommate started a bagel delivery service on campus. List some of our fixed costs also express why they are fixed.
q.here is the question i need help on suppose that in new crankshaft pennsylvania the quality distribution of the 4 000
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Holloman Hops has a budgeted $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the interest rate is 10%, what is the expected cost of the labor in the first year?
The problem is to choose x to maximize f(x;a) = ax- 3x^2, where á is exogenous, subject to the constraint. Calculate the first-order condition for this problem. For this problem, which values of x are on the boundary, and which are in the interior?
To increase the money supply, the Bank of Canada can:
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How do you use the cost minimization factor come up with $16 for the price of land for the below question: You run a small farm. You employ workers, you rent land and you rent capital in order to grow the produce. If marginal product per dollar of ca..
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Calculate the price elasticity of demand coefficient for Mr. Singhs family.
You are told by the analyst that Apex Trading Co stock performance is unrelated to the performance of the market. The value of Apex’s beta and its standard error are calculated to be 0.314 and 0.256 respectively. The model is estimated using 50 quart..
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