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Q1. What is the most important case that the tax as Supreme Court has well sales?
Q2. Discuss why tickets scalping at sports events where individuals buy several tickets in advance as well as sell them for very high costs just before a game may be desirable from efficiency point of view. Usually this activity is frowned on by governments as well as the promoters of such type of events. Explain why?
Q3. Supply of flat screen TV is very elastic. From falling production costs Consumer or producer illustrate who benefits most?
Motors co., believes it faces the following segmented demand as well as function:
P = 150 - 0.5Q when 0 ≤ Q ≤ 50P = 200 - 1.5Q for Q > 50
a) Indicate both verbally as well as graphically why such a segmented demand as well as function is likely to exist. What type of industry structure is indicated by this relationship?b) Calculate the marginal revenue functions facing Chill man. Add these to your graph from Part (a)c) Chill man's total cost function is
TC1 = 500 + 15Q + .5Q2
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination?
The inverse demand that duopoly quantity-setting firms faces is p = 90 - 2q1 - 2q2. Firm #1 has no marginal cost of production, while firm #2 has a marginal cost of $30. How much does each firm produce if they move simultaneously? What is the equ..
Compute the MRS of other goods for airline miles; i.e., the MRS that represents the slope of the indifference curves when x1 is on the horizontal and x2 is on the vertical axis.
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level.
Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..
How company is the low-cost provider of these boxes with fixed cost of $480,000 per year, plus variable cost of $30.00 for each box. Annual demand and marginal revenue functions for the company are.
Discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these nations.
five firms supplied amateur color film in the United States: Kodak, Fuji, Konica, Agfa, and 3M. From a technical viewpoint, there was little difference in the quality of color film produced by these firms, yet Kodak's market share was 67 percent.
Suppose that the income tax in a certain nation is computed as a flat rate of 5 percent, but no tax is levied above $50,000 in taxable income.
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply, e..
Which of graphs below shows Y increasing at a decreasing rate. Which of following issues is related to microeconomics rather than macroeconomics.
Describe the nature oft eh incentive conflict between VCs and the managers, identifying the principal and the agent.
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