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Indicate whether each of the following statements is true, false, or uncertain, and explain your answer. Your grade will depend primarily on the quality of your explanation.
1. The higher the interest rate used to discount future benefits, the more valuable the benefits appear today.2. A commodity tax that raises no tax revenue creates no dead weight loss.3. Commodity taxes on goods with completely inelastic market demand curves are efficient because analytically they create no excess burden. 4. Efficiency is maximized when all commodities are taxed at the same rate.5. Average cost pricing for a natural monopoly allows the enterprise to break even, but the outcome is inefficient.
according to this example,how much value do each book contribute to the GDP? a) a forester chop down 100 trees and sell them @$100 to the paper and pulp factotry
Which of the following equations is FALSE for perfectly competitive firms? A. Total cost = fixed cost + variable cost B. Marginal cost = change in total cost / change in quantity o
What is the marginal product? The marginal product of an input is the extra quantity of output which is generated by using one more unit of which input. Marginal product of
discuss modern theory of determination of rent?
Store of value - Economic functions of money If you are a fisherman and have a temporary surplus of fish that you want to store for the future, storing the fish might not b
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Q. Show the equations of the AS-AD model? The equations of the AS-AD model To précis the AS-AD model, we can have a glance at its equations. IS-LM model was "solved" by s
give and explain national income variation
5. In this question you should assume that the Marginal Propensity to Consume out of permanent income is one [i.e., no bequest motive + perfect consumption smoothing: c1, = c2 = c
Use the information below to calculate the numbers instead of "?" marks in the Table. Show and explain all your calculations?
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