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During the 1980s, the U.S. Congress imposed a high sales tax on yachts, figuring that the rich could afford to pay for this luxury. But so many jobs were lost in the boat-building industry that the measure was finally repealed. What did Congress get wrong in imposing this tax? Briefly discuss.
elucidate how the proposed carbon tax for australia would help reduce negative externalities, pollution levels in australia.
What indicators would you look for? From what types of problems would these indicators suffer?
Price discrimination is more likely in the case of services than in the case of goods because. The demand curve facing a monopolist is
Suppose the price of beef is expected to rise to $3.10 in the U.S. and to £4.65 in Britain. What should be the one year forward $/£ exchange rate?
List and explain the conditions under which the Oligopolistic firm achieves profit maximization and loss minimization. Be thorough. i. Using the MR MC approach, discuss how to determine when the oligopolistic firm maximizes profit or minimizes loss i..
A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. The vice-president of manufacturing, concerned about a possible loss o..
q.a woman managing a photocopy establishment for 25000.00 per year decides to open her own duplicating place. her
In describing confidence intervals on a mean, z and t intervals are frequently mentioned. How are z and t confidence intervals different? Choose one interval and give an example of how it could be applied within an operations or production environmen..
Consider the competitive (private) market for widgets described by the following marginal benefit (MB) and private marginal cost (PMC) curves: MB = 100? 0.1Qd PMC = 4 + 0.06Qs, where Qs and Qd vary from 0 to 1000. Calculate both the consumer and prod..
Which statement about inflation targeting is true?
A monopolists average revenue function is AR(Q) = 20−30Q and his total cost function is C(Q) = 20Q2. Find: His total revenue function. His profit-maximizing output level and maximum profit.
Suppose the demand and supply curve for wheat in the U.S. are approximately as follows. How much wheat did the government need to buy to support the price of $3.50 per bushel? What was the effect of government purchase on the demand curve? What was c..
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