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1. Why is the burden of a tax to taxpayers greater than the revenue recieved by the government?
2. Why do some economists advocate taxing consumption rather than income?
3. What is the marginal tax rate on a lump-sum tax? How is this related to the effiency of the tax?
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
Be sure to label your graph carefully as well as accurately. What is the slope of the budget constraint.
Describe the long-run effects of patent expiration on prices, output and profit in a monopolistic industry.
Assume you have a production technology to can be characterized by a learning curve.
Elucidate in detail how banks operate. Include a description of how banks generate profits.
Over the past year price inflation has been 10% but the price of a used ford escort has fallen from $6000 to $5000. The real price of a ford escort has fallen by Elucidate how much.
Steve believes that Monica has a 25% chance of be Illustrate what is Steve's expected utility from buying.
Does a lump sum tax cause the after tax consumption schedule to be flatter than the before tax consumption schedule.
Explain briefly why the sellers and buyers are each willing to do so. What is the total cost of pollution reduction in this situation.
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning.
Calculate the over all MC for the 1st 10 units of output also Specify where each successive unit will be produced.
llustrate what will be the equilibrium price also quantity in the market. Illustrate what is the total market profit also consumer surplus.
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