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Cigarettes currently sell for $10 a pack. Suppose the government imposes both a $4 sales tax and a $7 excise subsidy on cigarettes. Use a graph to demonstrate that the new price must be somewhere between $3 and $6 a pack.
Calculate the standard deviation of annual sales. Calculate the coefficient of variation of annual sales.
1. The table below gives Bob's income and the price index for the last 4 years. Respond to parts a.
Discuss why silence can be an effective response to a request for a last-minute concession and when the nickel-and-diming approach can be utilized most effectively.
Anthony is considering the purchase of used car. The price, including the title and taxes, is $9,530. Anthony is able to make a $2,530 down payment. The balance, $7,000, will be borrowed from the Credit Union at an interest rate of 9.25% compounded d..
The manager of a corporate division faces the posibility of an audit every year. She prefers to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
q.midcontinent plastics makes 80 fiberglass truck hoods every day for large truck manufacturers. each hood sells for
Assume a perfectly competitive firm is producing a level of output at which MR
Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Suppose the current equilibrium price of a quarter-pound hamburger is $5 and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $.50 per hamburger, the equilibrium price of hamburgers rises to $5.20 ..
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Illustrate what is the effect of this policy on the interest rate in the long run.
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