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An excise tax of $2.00 per pound of sugar placed on the suppliers of sugar would shift the supply curve:
a. down by $2.00.
b. down by more than $2.00.
c. up by $2.00.
d. up by less than $2.00.
A production function establishes the relationship between: Which of the following inputs can be changed in the short run? Which of the following statements is true of the long run?
What are the most likely reasons why so many U.S. firms offer subsidized private health insurance plans to their employees and the employees’ family members? What are most important advantages and disadvantages (for social efficiency) of having so ma..
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant, could rising wage rates of women explain both phenomena? Explain. [..
If Professor Mamuns contract pays $100,000 every year for next 6 years, what is future value of this contract at 5% discount rate. What is present value of contract.
When the accounting profit equals the implicit costs, the firm earns
Suppose the real side of an economy is characterized by: Y = 80K1/2 L1/2 K=100 and L= 100 G = 3000 T = 3000
“We saved 17% of our disposable income during the recession, the highest rate since World War II. The level of savings has fallen off since then to less than 10% of disposable income.” a)Would the higher savings rate eased or exacerbated the recessio..
Tight (contractionary) money policy
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. What is the market price elasticity of demand at the optimal quantity?
The FOC and local SOC for the firm's optimization problem can be used to prove the law of supply, meaning exactly: if the firm supplies a positive quantity at the current market price, then at a higher price it will supply a larger quantity.
A circulating nurse is preparing the OR before the patient and others arrive, she drops a hemostat and it lands on the floor, she looks around and no one saw it drop, so she picks it up and puts it back on the tray, patient develops an infection.
sir francis galton a cousin of james darwin examined the relationship between the height of children and their parents
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