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Q1. Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax?
Q2. Suppose that the demand for gasoline is inelastic also the supply is comparatively elastic. Governments inflict a sales tax on gasoline. Tax revenue is worn to fund research into clean fuel alternatives to gasoline which will improve the air we all breathe. Who bears more of the burden of this tax? Elucidate how a diagram who bears Elucidate how much of the excess burden.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Use supply and demand model to explain the dramatic rise in the price of a college education.
Would you expect firms in a tight oligopoly market reap higher profits than firms in a loose oligopoly market.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Limited partnership arrangements alleviate which traditional problem associated with real estate investments.
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
Which of the following possibilities is consistent with the property of diminishing marginal product.
Why was the Teamsters Union so opposed to allowing Mexican truckers to deliver their goods in the United States.
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
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