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It is often said that a good theory is one that can be refuted by an empirical, data-oriented study. Explain why a theory that cannot be evaluated empirically is not a good theory.
Value-added taxes (VAT) are referring to tax incentives on corporate or individual income taxes. The VAT is based on the value added in certain country and range from 10-40 percent of the value increase which attracts foreign firms to the country.
A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.
assume now that people talk about the movies they watch and therefore the willingness to pay for a particular movie is
There are four of you in a group- representing the individuals with currency in an economy. Each of you has $100. Use this information to answer the following questions. Additionally, all banks abide by a reserve ratio of (1/5), regardless of scenari..
A retail store faces a demand equation for Roller Blades given by: Q = 180 - 1.5P, where Q is the number of pairs sold per month and P is the price per pair in dollars - The store currently charges P = $80 per pair. At this price, determine the numbe..
What are the consequences for violating it? Why are laws like this good for protection? How do you propose to enact these standards when you are an administrator?
choose two real-world companies in different industries one that you feel faces elastic demand and one that you feel
Write a 4-6 page (12-point font, double-spaced) essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate share of the benefits of international trade.
Assume Labor is the Variable Input. Capital and Land are the inputs which requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORT RUN and LONG RUN
A busy attorney regularly works out with the help of a trainer at the local gym. She pays $400 per month directly to the trainer for this service. Over time, the two fell in love and got married.
Consider the issue of minimum wage law: under which type of moral theory would such a law be justified most strongly? In what ways are utilitarian and capitalist notions of justice consistent? When do they differ? Using an example discuss the relativ..
Based on your answers to the previous two questions and with the benefit of hindsight, what is the lowest nominal interest that you would be willing to accept in this situation?
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