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The total surplus (TS=PS+CS) under the old tax per unit was $2000. Next, government reduces the tax rate such that the total government revenue drops $200 below its previous value and DWL drops $100 below its previous value, what can be a possible new consumer surplus and producer surplus? (Assume zero administrative cost of taxation) A. $1800, $300 B. $1800, $500 C. $900, $2000 D. $900, $800
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage increase in real GDP per person from 1987 to 2005.
If it decreases the price to $63, what should be the quantity sold? Will revenue increase? Why? Show all work
The Sarbanes-Oxley Act provides for the establishment of the _____________ to over see audits of public companies. This will be done to protect the interests of shareholders and investors.
The law of demand states that other things equal
Compute the average revenue and the marginal revenue of a fully competitive firm and illustrate in diagrams both the curves of the average and the marginal revenue.
Olivia knows that Popeye likes spinach as much as $3 in terms of money, he likes tobacco $1 in terms of money, and he dislikes potatoes as much as if he had to pay.
Calculate the value of the US Balance of Payments and indicate whether it is in a surplus, deficit, or equilibrium.
short-run average cost curve and the long-run average cost curve are both U-shaped for the same reasons.
1.this question is about the theory of money demand.aconsider two financial assets a and b which could be quite
Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. What is the tax on salvage value?
Discuss the role of advertising also the desired impact on the industry's demand curve. Contrast this to advertising at the industry level.
Machine A costs $20,000 to purchase and is worth $5,000 in 6 years. Machine B costs $10,000 to purchase and is worth $2,000 in 4 years. Assume that these machines are needed for 24 years and can be repurchased at the same price in the future. (use 10..
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