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Suppose the state of California needs to increase tax revenue. The government is considering raising the per-unit tax on consumption good in order to generate more tax revenue. If they choose between a good that is relatively more demand elastic or relatively more demand inelastic, which would be more likely to generate more tax revenue? Assume that supply curve has the same elasticity for both goods.
What determines the quantity of variable input(s) (labor) that the manager of a firm employs? Use economic principle (law) to explain this.
your company manufactures controllers used in the production of commercial air conditioning units. your current price
the information below represents the demand and supply schedules for a productdemand schedule nbsp nbsp nbsp nbsp nbsp
a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no
since 1995 the world trade organization wto has adjudicated trade disputes that arise between or among nations. now
Explain the relationship between elasticity of demand and total revenue for the following ranges along the demand curve, using the attached Graphs for Elasticity of Demand, Total Revenue.
Presume that Sooner Airlines, All-Athlete Airways, and Cheapo Express are three airlines competing in a monopolistically competitive market. On a single graph pleases illustrate how Sooner Airlines would reach short-run equilibrium after initially op..
A firm must decide which of three alternatives to adopt to expand its capacity. The firm wishes a minimum annual profit of 20% of the initial cost of each separable increment of investment.
Consider a firm with total short-run cost function C=a+b.Q. New legislation means that it should pay an environmental tax which is the fixed sum, independent of whether it produces any output.
Why does rent control result in a shortage of rental units.
What do you understand by the term ‘Keynesianism’? From a policy perspective, outline key Keynesian policies comparing and contrasting these against a neo-liberal policy platform.
Inflation Targeting
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