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The city government is considering two tax proposals:
- A Lump-sum tax of $300 on each producer of hamburgers.
- A Tax $1 Per burger, paid by producers of hamburger.
A. which is the following curves average fixed cost, average variable cost, average total cost, and marginal cost would shift as a result of the lump-sum tax? why ? show this in a graph. label the raph as precisely as possible.
B. which of these same curve would shift as a result of the per-burger tax? why? show this in a new graph. label the graph as precisely as possible.
Suppose that the only input used in the generation of solar energy is sunlight
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Determine the cost to the government of buying firms unsold units
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
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