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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.
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
if possible, your most preferred to least preferred type of shock: positive demand shock, negative demand shock, positive supply shock, negative supply shock. Explain how would you rank them and why.
If operators receive $25 an hour, how many operators should the agency hire. Illustrate what is the most the agency would be willing to pay the first operator.
Describe Illustrate what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminates Brazil's premium coffee crop, illustrate what will happen to cost of premium coffee.
What output level will the competitive firm choose in order to maximize its profit? What is the price at this output level?
Elucidate using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
Elucidate his production potential. In one person economy could this also be his budget line.
To produce that many donuts weekly, company uses 1,000 pounds of flour, which must be delivered by 5:00 am every Friday morning. Explain how should manager of company acquire flour. Explain."
Explain how is the cross elasticity theory used to empirically define economic markets.
Do you agree with Seligman's position on the importance of Well-being? Do you agree that PERMA is what will make you happy?
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
If these economists ignore the possibility of crowding out, illustrate what would they estimate the marginal propensity to consume (MPC) to be.
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