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Q1. What is the most important case that the tax as Supreme Court has well sales?
Q2. Discuss why tickets scalping at sports events where individuals buy several tickets in advance as well as sell them for very high costs just before a game may be desirable from efficiency point of view. Usually this activity is frowned on by governments as well as the promoters of such type of events. Explain why?
Q3. Supply of flat screen TV is very elastic. From falling production costs Consumer or producer illustrate who benefits most?
Motors co., believes it faces the following segmented demand as well as function:
P = 150 - 0.5Q when 0 ≤ Q ≤ 50P = 200 - 1.5Q for Q > 50
a) Indicate both verbally as well as graphically why such a segmented demand as well as function is likely to exist. What type of industry structure is indicated by this relationship?b) Calculate the marginal revenue functions facing Chill man. Add these to your graph from Part (a)c) Chill man's total cost function is
TC1 = 500 + 15Q + .5Q2
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination?
Think of any financial innovation in the past ten years
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
During the working life, how do you graph that without knowing more information.
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital.
Outline reasons why the marginal revenue product differs between workers in different jobs.
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
If the demand curve is much more inelastic than the supply curve, clarify whether buyers or sellers will shoulder more of the tax burden from a new tax placed on the sellers.
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
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