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Explain the benefit-based principle in taxation. Also explain how this principle is linked to the Lindhal equilibrium in local public finance choice
q.in year 1 and year 2 there are two products produced in a given economy computers and bread. suppose that there are
State whether the following characteristics represent monopolistic competition, oligopoly, or both.
A number macroeconomic variables decline during recessions. One of these variables is the GDP. What other variables, besides real GDP, tend to decline during recessions? Given the definition of real GDP and its components, explain the declines in the..
Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $10 per hour for the first eight hours she works and $15 an hour for each additional hour she works. What is the firm’s cost function? What are its AC, AVC, ..
A purely competitive wheat farmer can sell any amount of wheat he grows for $20 per bushel. He is using a fixed amount of capital (tractors and plows) and he and his sister are the only workers. Thus cultivating each additional acre of land exhibits ..
Load the Blue Spruce Light Up Data (latest file, through 2013). Extract and specify a model that predicts Cars through the gate as a function of Price and Average Daily Temperature.
Without further use of Excel, illustrate what is the probability (in %) that a randomly selected orange will contain less than 4.2 ounces of juices?
Some of the production of an economy creates pollution illustrated by the move.
Which firm's product provides the greatest value-created. In an industry equilibrium in which the firms achieve consumer surplus parit.
A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22. The demand it faces is Q = 480 ? 5P. What is the profit-maximizing price?
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
An investment has a beta of 1.0. The risk free rate is 2% and current market return is 8%? What is the required return?
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