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The welfare loss/dead weight triangle depicts:
a. lost profits
b. deadweight lossess suffered by customers and producers
c. deadweight losses suffered by consumers
d. deadweight lossess suffered by producers
q1. arc-bot technologies manufacturers of six-axis electric servo-driven robots has experienced the cash flows blow in
What is meant by the incidence of a tax? Explain why the statutory and actual incidence of a tax often differs.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
q.assume that py increases by 15 what percentage effect on quantity demanded of product x could be expected?compute the
q.suppose that we modify the solow growth model by allowing long-run technological progress. that is suppose that z 1
According to the Huffington Post on September 19, 2012,“Demand for the new Apple Inc iphone 5 has been incredible,' AT&T Inc Chief Executive Randall Stephenson said on Wednesday." The increase in demand causes equilibrium price to _ and equilibrium q..
Consider we wanted to know how many trips versus dinners out you could purchase. If you were told that X = number of trips and Y = the number of dinners out and you were given the following budget information; M=4000, Px=800, and Py=100, What is the ..
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.
Under the responsibility scheme proposed by the Taiwan government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view?
If economists wish to determine relative factor abundance across countries, why don’t they simply calculate w/r ratios across countries and then compare these ratios?
What should you do to maximize profits with respect to prices after you acquire a substitute product.
q1. explain and show graphically the effect on the supply and demand for bonds in a deflationary period. what is the
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