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Larry earns $25,000 and pays $2,500 in tax, while Suzy earns $50,000 and pays $15,000 in tax. If Larry's income increases by $100, his tax increases by $12, but if Suzy's income increase by $100, her tax increases by $35. Calculate the average tax rate and marginal tax rate that Larry pays and that Suzy pays. Is this income tax fair? Explain.
What happens to the money supply, interest rates, and the economy if the Federal reserve is a net seller of government bonds?
Kristina does not want to pay him $1000 on delivery. Can the baker sue Kristina for payment of the cake? What remedies are available to him?
q1. in the short run the interest rate parity model is considered to be important in determining the expectations about
what would volume of output would the two alternative yield the same profit 3-if expected annual demand is 12000 units which alternative would tield the higher profit.
q.when money decreases in value because of inflation people tend to place less trust in it as a method of storing value
q.global studios are thinking of producing a mega film aqua world which could be a mega hit or a mega flop. profit is
Other things being equal, the markup above marginal cost that a monopolist charges will be:
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
To accumulate 18,000 at the end of 7n years, a deposit of 5,000 is made at the end of the first 3n years and another deposit of 7,200 is made at the end of 5n years. Find v^n where v is taken from our normal actuarial notation and v>0
There is a duopoly of beer producers, Biller and Moors, who produce identical hoppy ales, and each have marginal costs of $100 per keg. Assume there are no fixed costs. What are the best response curves in Cournot Oligopoly for these two producers? W..
One problem in using this function to study consumer surplus is that Q never reaches zero, no matter how high P is. Hence, suppose that the function holds only for P ? 10 and that Q = 0 for P > 10. How should you graph in part b be adjusted to fit th..
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