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Suppose that the citizens of Hungary can purchase all the oil they desire at the going international price. If the Hungarian government levies a tax on oil, who bears the burden? Illustrate your answer wit h a supply and demand diagram.
[ Hint: the first sentence describes t he supply curve. Assume the demand curve is downward sloping.)
Please, complete the following 2 applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.
Assume that a firm employs labor and capital by paying $40 per unit of labor employed and $200 per hour to rent a unit of capital. What is the firm's optimal combination of capital and labor?
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
To what extent does educational planning in the policy decision ought to be guided by economic considerations
What does an increase in fixed costs due to the average cost curve of small firms.
q1. when you were a child living at home your parents or guardians paid for the food utilities and clothes that you
What is the evidence of wrongdoing here How does business use politics here Is this government failure Is this market failure Who benefits and how Who loses What is the role of the media
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
Which fiscal policies might activist Keynesian economists recommend helping a depressed economy regain full employment
Illustrate what is the minimum price necessary for the company to supply one thousand cups.
Illustrate what's the equilibrium price and quantity in the free market equilibrium. what's the best tax to impose on the power plant, why.
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