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Q1. What are the marginal income tax rates and levels paid for different income levels? How much income gets you into the top quartile or quintile? Discuss the issues of regressive, proportional, and progressive taxation. Justify how much your marginal rate should rise and what actions such a rise would cause you to take.
Q2. Suppose the market for widgets is perfectly competitive. Furthermore, suppose the total cost curve for a typical firm in this market is TC = 309 + 4q2 where q represents the quantity of widgets sold by a single supplier. Suppose that there are 31 sellers in this market, sharing a market demand given by P = 1378 - 3Q, where P represents price per widget and Q represents the market quantity of widgets sold. What is the short-run equilibrium quantity in this market?
two accompanying show supply an demand curves for two substitute commodities: regular cell phone and smartphones. A. Show what happens when rising raw material prices make it costlier to produce regular cell phones
Three main facts indicate that Microsoft enjoys monopoly power. First, Microsoft's share of the market for Intel-compatible PC operating system is extremely large and stable. Second, Microsoft's dominant market share is protected by high barrier to e..
From the scenario, explain how government grants would influence the business's operations. Be sure to emphasize the taxes, social benefit, and price level for both substitute goods and current products.
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
For what proportion of these corporations the rate of return negative? C. For what proportion of these corporation was the rate of return between 5% and 15%?
Illustrate what would be the price also output. Illustrate what would be the firm's profit or loss.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
what would volume of output would the two alternative yield the same profit 3-if expected annual demand is 12000 units which alternative would tield the higher profit.
Explain your policy combination in details (This is an open ended question) - Which of the policies is/are a monetary? - Which of the policies is/are fiscal? - What are the differences between monetary policies and fiscal policies?
At what level of output will this firm maximize profit. Elucidate what is the level of profit for every unit of output produced at equilibrium.
Depreciation in the value of the Japanese currency in relation to the US dollar does not allow the Japanese firms to sell more in the USA marketplace.
As result government increases border patrols to catch illegal shipments. U.S. Customs agents perform DNA testing on the caviar to conclude
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