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The nation of Upstandia uses kroner for money and its tax code is such that a person making 100,000 kroner per year pays 40,000 kroner per year in income taxes; a person making 200,000 kroner per year pays 70,000 kroner per year in income taxes; and a person making 300,000 kroner per year pays 90,000 kroner per year in income taxes. Upstandia’s income tax system is a. Progressive. b. Regressive. c. Proportional.
Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.
A high pressure pump at a methan gas (bio fuel) plant in memphis costs $30000 for installation and has an estimated life of 12 years. By the addition of a specialized piece of auxiliary equipment, an annual savings of $500 in operating expense for th..
A market basket of goods and services that costs $100.00 in the United States costs 800 pesos in Mexico, and the current nominal exchange rate is 10 pesos per U.S. dollars. Over the next five years, the cost of that market basket rises to $120 in the..
Discuss JIT-Just-in-Time and Lean Production - Discuss Collaborative Commerce and its benefits.
Identify a topic that you think is an important one for near-term research by environmental economists. What advances in knowledge would you hope emerged from it, and how could it be used to inform environmental policy? Be specific. And make sure you..
Use the B/C method to determine which should be selected at a discount rate of 0.75% per month over a 6-year study period.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
Discuss utility and some of the properties about people's preferences. one is that "more is better ".do you agree that is always the case and if not, do you have an example?
Two goods are substitutes if an increase in the price of one good leads to an increase in demand for the other. Markets exist to facilitate exchange between people. The cost of a master's degree in engineering equals the tuition plus the cost of book..
Consider the following possible schemes for taxing a monopoly: Explain how each of these taxes would affect the monopolist's profit-maximizing output choice. Would the tax increase or decrease the deadweight loss from monopoly?
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm’s marginal cost is constant at $25 per unit. a. Express the firm’s marginal revenue as a function of its price. b. Determine..
Research the topic of how marketers use personality tests to understand consumer behavior. The use of information around psychological traits and demographics can be significantly valuable information to the marketer.
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