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What is the equilibrium quantity of a market with a demand curve P = 10 - Q and a supply curve equalto P = 2 + 2Q? Now suppose a tax imposed on the seller of $2 per unit? Show or illustrate how this taxeffects resource allocation? Speculate regarding what might justify the allocation effect of the tax?
For each of the following transactions, how much does US GDP increase? And how much, if at all, do consumption, investment, government purchases and net exports change? Peter Rich buys a 1928 painting by Pablo Picasso at an auction for $1 Million. In..
Why this statement is wrong: "Economists claim that when the price of something goes up, producers increase the quantity supplied to the market. But last year, the price of oranges was really high and the supply of them was really low.
In the international marketplace, countries are categorized based on their stages of development. A marketer needs to be clear on these categories in order to determine the potential demand for its products/services.
Find out the ticket price that maximizes revenue. Find the profit-maximizing expenditure on players and the profit-maximizing fraction of games to win.
The ABC marketing consulting firm found that a particular brand pf portable stereo has the following demand curve for a certain region: Q=10,000 - 200 P + 0,03 Pop + 0, 6 I + 0.2 A where is Q the quantity per month, P is price ($), Pop is population,..
A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the basis of an internal rate of return an..
Given our still currently high unemployment rate (by historical standards) and low inflation rate, argue "for or against" a Supply-Side policy focus versus a Demand-Side policy emphasis.
Compare the long-term tax benefits and advantages of each type of reorganization, and recommend the type of reorganization that will be most beneficial to the client - Examine the value and limitations of including the ABC Corporation
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
In class, we discussed the Macro effect of physician ratios in the United States. Compare and contrast the states with the highest and the lowest physician ratios. Explain how the standards of living change as each states ratio differs. Regarding the..
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
Suppose that the supply curve for gold is very steep (positively sloped, but almost vertical). Would a $ T tax tend to have a relatively large or a relatively small effect upon the quantity exchanged in the market? Would there tend to be a relative..
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