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What is the long-run welfare effect of a profit tax (the government collects a specified percentage of a firm's profit) assessed on each competitive firm in a market?
Suppose that last year, the nominal exchange rate between the Japanese yen and the British pound was ¥225.0 per £1.0, one unit of Japanese output cost ¥2000, and one unit of British output cost £8.0
Determine the present worth of the project, including both costs and incomes. 3. Determine the annual worth of the project, including both costs and incomes. (using present worth and mulitply it by the appropriate A/P) 4. Is the project worth while..
For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000
How can economists explain irrational behavior?
In the diagram for this exercise, plot the consumption function line for the data in the table below. Calculate savings at each level of real disposable income and plot the savings function.
Suppose that an oil well is expected to produce $100,000 of oil during its first year. What would be the present worth of the anticipated revenue stream at an interest rate of 10%, compounded annually over the next 5 years
Staff inc, a management consulting company, is surveying the personell of Acme Ltd. It determined that 35% of the analysts have an MBA and that 40% of all analysts are over age 35. Further, of those who have an MBA, 30% are over age 35.
What trade-offs are associated with accepting Gotcha s offer?
It is assumed that the kinetic energy due to the rotation of the ball and the friction and damping forces are negligible. Determine the initial displacement to confine the ball within the well.
consider the indirect utility functionvp1 p2 m m p1 p2a. derive the marshallian demand functions.b. what is the
Now suppose future spending increases are not inevitable and that, as a practical matter, you believe Congress will spend whatever revenue it collects. Would you still recommend tax smoothing?
A new bridge across the Allegheny River in Pittsburg is expected to be permanent and will have an initial cost of $30 million. This bridge must resurfaced every 5 years at a cost of $1 million. The annual inspection and operating costs are estimat..
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