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A tax system achieves equity when:
it minimizes the costs to the economy of tax collection.
it is efficient.
taxes are distributed fairly, however society may define fair.
taxes are lump sum.
Cole has $27 that he plans to spend purchasing 5 units of good X (priced at $3 per unit) and 6 units of good Y (priced at $2 per unit). The marginal utility of the fifth unit of X is 30, and the marginal utility of the sixth unit of Y is 30.
If interest rates could be deducted from income, would an investor change his/her decision based on question 1.
How much is she actually paying the credit card company, including interest, when her credit card is paid off?
In her economics course, Nancy has two exams. Her overall score for the course will be the maximum of her scores on the two exams. Nancy decides to spend a total of 400 minutes studying for these exams. Find the point on Nancy’s budget line that give..
Other things being equal, the markup above marginal cost that a monopolist charges will be:
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Give an economics analysis of that liability standard for product-related harms.
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
How are the weights of the various household items in the Consumer Price Index (C.P.I.) basket decided, i.e., how are they re-evaluated every year? Is it done manually or automatically?
Assume that the positions of the supply and demand curves have not changed over the past three months (this means there have been no shifts). Over the past three months, the price for motorcycles has steadily risen from $5000 to $8500. Also, assume t..
Estimate the following statement;"Managers should specialize by acquiring only the tools needed to operate in a particular market structure.
__________, a term referring to the fact that for many good, as the level of production increases, the average cost of producing each individual unit declines. Which of the following best characterizes the circular flow of income? “if I didn’t have c..
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