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Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 25,000 cases of cola were sold every week at a price of $7 per case. After the tax, 18,000 cases of cola are sold every week; consumers pay $8 per case (including the tax), and producers receive $5 per case.
The amount of the tax on a case of cola is $____________per case. Of this amount, the burden that falls on consumers is $__________per case, and the burden that falls on producers is $_________per case.
task 1ozark bottled water products inc. hired a marketing consulting firm to perform a test marketing of its new brand
Assume the consumption function is C=200+0.75(Y-T), I=100; G=100; T=100. What is the equilibrium level of Y?
three months ago you purchased at par a 100000 bond with a stated interest rate of 5. today the federal reserve
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000.
Show that for an inferior good the demand curve for Marshall is steeper than the Hicksian demand and show the effects
Recently, the Fed is paying banks interests for their required reserves and excess reserves. This is now the fourth policy tool for the Fed to control money supply (in addition to the three policy tools summarized on p. 423.). what if the Fed want..
Draw the marginal revenue function for firm and what is the profit-maximizing price for this firm - what would the "efficient" overall market level of output of this prescription drug be?
explain how the answer would change if effectiveness of drip and flood irrigation depended on land quality. the answer
The impact of a decrease in the price of memory chips on the market for computers and impact of the government imposing a price ceiling on apartment rents
If prices fall in a perfectly competitive industry, the firms in that industry in the shortrun will:
how do you think financial ratios differ across different industries? compare two industries of your choice and select
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