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Q. Assume the current cost of gasoline at the pump is $1 per gallon also those 1 million gallons are sold per month. A politician proposes to add a 10¢ tax to the cost of a gallon of gasoline. She says the tax will generate $100,000 tax income per month (1 million gallons × $0.10 = $100,000). Illustrate what assumption is she making?
Q. If lots of people want Euros also Euros are in short supply also a few people want Japanese yen also yen are in plentiful supply the euro is likely to?
If you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
Who were the stakeholders primary also secondary most affected by Google's original decision to self-censor in China.
The two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10.
Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available.
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
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