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Gold maybe a better store of value than US money, but it would function as a poorer medium of exchange and unit of account than US money. Do you agree with this statement? If yes, please explain why you agree. If no, please explain why you disagree.
Commercial banks are very profitable, year after year. How do banks maintain such strong profitability?
Use the marginal income tax rates shown here to calculate the average tax rate on an income of $100,000. Taxable Income Tax rate $0–$8,700 10% $8,700–$35,350 15% $35,350–$85,650 25% $85,650–$178,650 28% $178,650–$388,350 33% Over $388,350 35% Average..
What are the four market types? Give an illustration of each. From a social standpoint, what is the problem with monopoly? Discuss this using an example for illustration.
q.find true or false or uncertain and explain why?1. tfu suppose that at an initial cost of 1000 a homeowner can
Monopoly producer of this product. Assume that the inverse demand function for this product is: P(Q) = 800 − Q and your cost functions are TC(Q) = 50Q; MC(Q) = 50. What is the MR function? What is the profit-max quantity and price? What is the MR at ..
The first demand-side elasticity discussed in class and the readings was the price elasticity of demand (ED). It is defined as the
In the short run if the output growth is just 2% for two years and the equation determining the real interest rate changes to: r=4.5-%?Y, what money growth rate should the Fed aim for to hit its inflation target in that period?
The consumption function is where the marginal propensity to consume MPC equals .75 (out of an additional $1 in national income 75 cents is consumed). The government increases its purchases by $100 million, and investment and net exports do not chang..
One family of social dilemmas arises where a group of people are involved in some task that depends on the efforts of each of them. The strategy choices are work or shirk. In an effort dilemma, one persons shrinking places the burden of increased eff..
The economies-of-scale curve is a long-run average cost curve, because
The elasticity of demand for alcoholic beverages is basically inelastic and when the government (State of Federal) increases taxes, the government tax revenue increases.
Consider a simultaneous-move auction in which 2 players simultaneously select bids, which must be in nonnegative integer multiples of one cent.
Discuss the advantages of corporations and the main deterrent (double taxation). VERY IMPORTANT. SCorps and Limited Liability companies help alleviate this problem of double taxation, discuss how they do this.
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