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Question: Explain why federal tuition tax credits might lead states to increase the tuition they charge. Many states currently charge a tuition in state community colleges that is substantially below $1500, the level of the federal credit. What might one expect to happen in those states?
In perfect competition, profits will disappear in the long run as new firms enter the market; in a monopoly, profits may exist in the long run. In the short run, both monopoly and perfect competition attempt to minimize total costs.
Illustrtae the difference among concretionary and expansionary fiscal policy.
Assume that Jimmy Cash has $3,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $310 of cash from the bank's ATM machine.
a. Suppose Px= 9, Py= 16, and Income M. Find the utility maximizing quantities of x and y. b. Find the demand function of x and y. c. What are the price elasticities of demand for x and y? What are the income elasticities of demand for x and y? d. Wh..
If consumption increases through $12 billion when real disposable income raise by $15 billion, What is the value of the MPC? Determine the relationship between the MPC and the MPS?
Create a 3 slide Microsoft PowerPoint presentation to present to the organization's Executive Committee. Include the following items: Evaluate why the inflation-unemployment trade-off disappears in the long run.
Formulate a binary (0-1 integer) programming model that could be used to determine the optimal solution to the modernization question facing management. Solve the model formulated in part a) and provide a recommendation for management.
Elucidate what are some of the models that predict the effects that reducing protection of imports will have on factor price. Briefly explain the effects shown by these models.
The difference between the two number is 8.if one is represented by X the other no can be expressed usus a-5.b.x+4 c.x-. X-x
How do we know that calculating GDP by the expenditure approach yields the same answer as claculating GDP by income approach
Assume the firm raised the price to $4.00 while increasing the advertising expenditures by $100. Would this be beneficial. Explain. Illustrate your answer with the demand schedule.
Do some research and find the inflation rate and the level of unemployment in the U.S. economy for the past 40 years. Is there a relationship between the two? If so, what type of relationship?
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