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Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price.
Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.
In a class of 40 student,18 pass maths, 19 pass account,16 pass economics 5 pass maths and account only, 6 pass maths only, if each student pass at least one of the subject.Calculate the probability that a student selected at random fail in account.
The cost of painting the golden gate bridge is $400000. if the bridge is painted now and every 2 years hereafter, what is the capitalized cost of painting at an interest rate of 6% per year ?
A severe drought has make a shortage of tomatoes. Jim makes his own barbeque sauce. One of the main ingredients of his sauce is fresh tomatoes.
Starting with the code in Section 2.4 design and implement a simple, interactive shell program that prompts the user for a command, parses the command, and the executes it with a child process.
With this and the rest of the article in mind, identify a company that you think successfully creates shared value, and explain how they do it. Cite any sources in APA format.
As the economy begins to recover from a recession and more people go back to work.
You are negotiating a 5 year contract to supply engineering services for your company and the rates proposed for each new contract year are indexed to US CPI. List five problems you may have with this proposal and rank order them from Highest to l..
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Use the following supply and demand functions to answer the questions below:
What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced?
With reference to the simple closed economy income-expenditure model,suppose the aggregate consumption function is C = 100 +0.8(Y – T); taxes areT = 10 + 0.25Y; investment, I, is 300 and government expenditures, G, are 200.
gap among the most highly skilled in the population and the least skilled will begin to fall in the near future.
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