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The mining industry has been a major driver of economic growth in Australia in the recent decade and currently accounts for 5 per cent of Australia's GDP. On July 1, 2012 Australia introduced the Minerals Resource Rent Tax (MRRT), which is a tax on profits generated from mining of iron ore and coal. The tax of 30%, levied on the "super profits" from the mining, is to be payed by any mining company with annual profits of $75 million or above. Given the decline in iron ore prices and a slowdown of Chinese economy, what would be the impact of MRRT on the Australian iron ore industry? In your answer, please comment on the structure of the industry, the type of regulation used, factors affecting the industry and state your opinion.
studies on the comparative work habits of the wealthy tell a different story. Research by professors Mark Aguiar. Explain which wealthy person has reservation wage.
Illustrate what technologies are utilized. Describe the competitive environment within the industry. Is there a dominant firm.
Louisa is managing a training program for a major bank. She designs the following experiment to assess the effect of sleep on learning. A group of trainees is given a 3-hour session on some task, followed by a 2-hour test on what they have just learn..
Explain, in economic terms, how this arrangement with Delta and United could have caused the value of SkyWest to increase so dramatically even though it limited the amount of profit the company could earn.
Elucidate the process and causes by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium to another. Use the diagrams below, resizing them as necessary.
Explain what does efficiency prevail in the Gilroy labor market. If not, what is the size of the deadweight loss. you must use a diagram and show the appropriate values on it.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
A Los Angeles firm uses a single input to produce a recreational commodity
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
Define the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?
q1. the owners of a successful restaurant want a loan for 50000 to renovate the kitchen and expand the dining room.
Can an economy be faced with endless trade cycles also still have its Real GDP grow over time?
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