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Q1. The supply is Nerf balls Qs = -100,000 + 8,000p and the demand is Qd = 140,000 + 2Y - 7000p, where Q = Nerf balls per month, p is the price (in cents) of one Nerf ball, and Y is income in dollars. Initially, Y is $30,000. The government imposes a tax of 10 cents per Nerf ball. What percent of the tax is borne by buyers? If income rises to $40,000, how much will tax revenue rise?
Q2. Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate. Illustrate what would you say the Fed was up to?
Illustrate what difference will it make to Sony pricing if clients have now become dissimilar?
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.
From an economic perspective, reprocessing is a money loosing proposition since we derive negative profits from it.
Calculate the percentage change in nominal gdp, real gdp and the gdp deflator in 2008 and 2009 from the preceding year. for each year identify the variable that does not change. explain in words why your answer make sense.
q.howard bowen is a large-scale cotton grower. the land as well as machinery he owns has a current market value of 4
Illustrate what are the pros and cons of using expansionary and contractionary fiscal policy tools under the following scenarios: depression, recession, and robust economic growth.
Explain how this tax affects the welfare of foreign consumers and producers. Is world welfare higher or lower? Explain.
How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?
Elucidate how that influences the marginal benefits and marginal. Costs associated with your decision to purchase a house.
Calculate the arc price elasticity of demand for wheat in the two situations below: Can you explain/account for the difference, if any, in the two elasticities?
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