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Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
Compare the magnitude of the percentage in the rental on capital with percentage change in wage in part 1. Use notation format.
Illustrate which of the following tax systems could NOT be structured to satisfy conditions of vertical equity.
the firm will earn $15,000 if it introduces the new product, and revamping the production facilities will earn new profits of $60,000. What should the manager do.
Explain how much will your firm's total revenues (revenue from both products) change if you increase the price of good X by 1 percent.
Let's say that companies that produce and sell silk shirts hire analysts to analyze the economy and make guesses about the future
Draw a graph with arcade games on the horizontal axis also newspapers on the vertical axis. Joe has $10 every week to allocate between these commodities.
Illustrate what feature of a PPF illustrates increasing opportunity cost also elucidate why does your PPF not have this feature.
What factors will contribute to the riskiness of these bonds.
Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.
How does subsidy affect consumer surplus, producer surplus, tax revenue and total surplus. Does a subsidy lead to a deadweight loss.
Illustrate what price should firm charge to realize targeted profit. Illustrate what would be its (cost-based) mark-up ratio.
The university bookstores received 4 million euros from students in exchange for the books. Illustrate what is the total contribution to GDP from the above events.
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