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The demand for a pack of 12 golf balls in Albuquerque is P=1000-.1Q, with supply P=30. The demand for golf clubs is 500-.2Q with supply P=75. The city government wishes to impose per-unit taxes on these goods in order to raise $100,000 in revenue to pay for improvements to the water supply system connected to the local golf courses. The government wishes to do this by minimizing overall inefficiencies resulting from the taxes. What are the optimal tax rates that the government should impose on each good?
consider the table below for the neighboring nations of northland and west coast. the table lists the maximum feasible
Assume the labor force decreases in size due to the large number of people reaching retirement age and subsequently entering retirement. At the same time real interest rates in the economy fall. What will happen in the economy?
Agricultural commodities are known to have a price-inelastic demand and the be necessities, How can this information allow us to explain why the income of farms falls (a) after a good harvest? (b) In relation to the incomes in other sectors of the..
Northern Granite Corporation, a corporation in New England, installs granite counter tops in houses. When it 1st entered the business, price per foot for installing a granite counter top was $180 per square foot,
question 1.you are at the tail end of your career working as a high priced consultant for a firm that you are partner
Compute total revenues, total expenses, and profits both before and during the strike and Who was better positioned to endure the strike?
How do you go about weighing the alternatives? Once you choose a most important use of time, why do you not spend all your time on it? Use the notion of opportunity cost in your answer.
You manage the plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by production: Find out the short run production function? Find out the total cost function for your plant to produce q engines ..
Discuss and explain one factor of how government involvement in marketplace can impact or not impact the economy. Give a real life example of this factor at work.
What is a specific problem facing the United States Congress where would I be able to find articles information about problems in education.
1explain why in a perfectly competitive market the firm is a price taker. why cant the firm choose the price at which
The World Trade Organization Press Release demonstrates the impact of a declining world economy on global trade. Discuss the pros and cons of imposing quotas on some imported goods. How would this affect the American economy
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