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Recently, there have been "sin taxes" proposed in some states on a number of goods, including artificial tanning, tattoos, and sugary sodas. Economists call these Pigouvian taxes. They are taxes placed on goods that the government believes are socially unappealing. Suppose the demand for artificial tanning is very elastic, while the demand for sugary soda is not. Compare the effects of two equal sized taxes on the equilibrium market price, the equilibrium quantity consumed, and the tax revenue raised.
Explain why is the depreciation of capital good a cost of society
Consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples.
The FED has three ways to expand or contract money and credit. The first way would be for the FED to buy existing U.S. Treasury securities. They do this by using the equivalent of newly issued currency. What this does is it helps to expand the res..
Explain why, For a country having full employment of its resources, an increase in production of public sector goods can only be possible when there is reduction in production of say, consumer goods onlike for an economy undergoing recession
Cheaper used textbooks raises the marginal cost (MC) of attending CSULB. c. Cheaper used textbooks lowers the marginal benefit (MB) of attending CSULB. d. Cheaper used textbooks raises the marginal benefit (MB) of attending CSULB.
Explain how would you relate the hiring practices of that industry or industries to fluctuations in the business cycle.
Please elucidate the likely effects on Savings (Gross Private Domestic) Investment, Long Term Real Interest Rates, The Capital Stock, Natural RGDP.
Create another diagram; once again start from an initial macroeconomic equilibrium. Explain both the SR and LR impact of a contractionary AS shock on Y. Use the appropriate diagrams and provide a brief real world example of this type of shock.
A perfect competitive firm has the cost function TC = 1000 + 2Q + 0.1 Q^2-What is the lowest price at which the firm can break even?
Discuss any significant use of discretionary fiscal policy (fiscal stimulus package, deficit restructuring...) during the period.
Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.
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