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Currently the state of ohio imposes no sales tax on food products in grocery stores. Suppose that the government passed a bill to impose a $0.6 sales tax for each gallon of milk on consumers. Please use the supply and demand diagram for the milk market, and do the Tax Incidence analysis
Among which of the subsiquent policies would decrease demand-pull inflation.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
Discuss the options available to the government when trying to offset a recession by stimulating the economy. Consider both fiscal and monetary policies. What are the pros and cons of different policy measures.
What is the major problem in achieving an efficient use of the world’s water? If there were a global market in water, like there is in oil, how do you think the market would work?
What do you know about focused Linux distributions? If nothing, what can you find out by searching the Web? By "focused" we mean distributions that exist primarily for a specific purpose or set of tasks (e.g. security, penetration testing, backup,..
What is the meaning of a four-firm concentration ratio? Interpret what four-firm concentration ratio of 60 % would mean. Interpret what a score of 90% would mean for the four-firm concentration ratio
Compare the graphs you've created for Learning Activity 3 and 4 in the Learning Activities. 1.Examine the graph you've created for Learning Activity 3 and determine the opportunity cost of producing 25 more units of ag goods. whether you're increas..
The economy of the country of Upland is still recovering from a severe recession and still has an unemployment rate close to 9%. Assume that the government's only concern is to achieve full employment. 1. What type of fiscal policy would you rec..
Estimate your firm's short-run production function. Do the parameter estimates have the appropriate algebraic signs Are they statistically significant at the 5 percent level b. At what point do you estimate marginal product (MP) begins to fall
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
suzie purchases two goods- food and clothing. she has a utility function u9x,y0 x*y where x denotes the amount of food consumed and y the amount of cloting. the marginal utilites for this utility function are MUx=y and MUy=x she has income of M do..
Compute the implied arc price elasticity of demand. Is a further price decrease warranted.
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