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Q1. The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission to raise the fare to increase their revenues and ask you to be their economic adviser. After studying the market, you come up with the following demand schedule for taxicab rides.
Q2. The demand function has been estimated to be: Q= 2000+15Y-5.5P where Y is income in thousand euros, Q is the quantity demanded in units and P is the price per unit, when P= 150 euros and Y= 15(000) euros , determine the following:a- price elasticity of demandb- income elasticity of demand.
q1. when corporate income taxes are assumed to exist modigliani miller and the traditional theorists agree that capital
She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen each. How much is Natalie's income per day?
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
Illustrate what major legislative actions has congress taken As 1993 to reduce size of Federal deficit. Why process is politically painful to Congress.
Congress is proposing a bill that will roll back gasoline prices to four dollars a gallon. Analyze the consequences of such a bill and whether or not you would personally favor it. Consider all the costs involved in your analysis.
Alinsky, Rules for Radicals, pp. Oct. Models of Power CASE: What a Star-What a Jerk (Classpak #1). Case questions: - What, if anything, is Andys problem? - What, if anything, should Jane do about Andy?
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
What investment will you choose if your utility function were given by U(M) = M2 ? What is the certainty equivalent of the chosen investment?
We never entertained the possibility that more than one market failure might exist simultaneously.
Construct a model to conclude your allocation of study hours. Include as assumptions points you "gain" from an hour of study time in each subject and your desired outcome on each test.
Illustrate what is the Consumer Surplus in the market. Illustrate what is the Producer Surplus in the market.
Currently, the retailer sells 50 suits per week for $200 each. The retailer wants to sell the entire stock of 200 suits during the next year. What should be the sales price?
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