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Recently I began thinking about why the use of tokens for money is so popular. In casinos, I think that it is well justified, but there are some cases when those arguments are not useful. For example, why would an amusement park make you buy tickets that say exactly how much is it worth (for example, buying a ticket for 5 dollars at the cost of....5 dollars). You know how much money you are spending, so the link between value and tokens is not broken. What positive effects does that measure have in the amusement park economy? Why?
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
Illustrate what books and information sources would you recommend to read if i am working on research about decision making under risks.
The income elasticities of demand for movies, dental services, and cloting have been estimated to be +3.4, +1, and +.5, respectively. Interpret these coefficients. What does it mean if an income-elasticity coefficient is negative?
Illustrate what are characteristics of large firms conducting both B2B and B2C transactions that require more robust and capable electronic commerce systems.
How has the recent increase in the price of a barrel of oil affected the prices of bicycles, cars and airplane fares?
Could the oligopoly market structure benefit both consumers and businesses by forging common standards in industries that experience rapid technological change.
Second, it will not reduce bene ts for the rst $3,000 earned by the workers. After this, it will reduce bene ts at a reduction rate of 50%. Draw the budget constraint facing any worker under the proposed new program.
q.the central bank of the fictitious country omega raises bank reserves by 100. what effect will the increase in bank
firm's marginal cost curve crosses marginal revenue curve at an output level of 1,000 units. Illustrate what is firm's current profit. Illustrate what is likely to occur in this market and why.
Illustrate what are the new long-run equilibrium values of these three variables.
One problem in using this function to study consumer surplus is that Q never reaches zero, no matter how high P is. Hence, suppose that the function holds only for P ? 10 and that Q = 0 for P > 10. How should you graph in part b be adjusted to fit th..
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