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Now, suppose we allow a tax deduction for all giving to charity, and a $500 refundable tax credit for buying a new home.
a. Calculate the total taxes owed by someone with $50,000 of income who gives $5,000 to charity and buys a new home.
b. Calculate the total taxes owed by someone with $20,000 of income who gives $100 to charity and does not buy a new home.
Primo Salt, Inc., manufactures salt, according to the following production function: Q(K, L) = 2L 1/2K 1/3 , where output Q is measured in tonnes, L in labour-days, and K in machine-days. Give the wage rate w (in $/labour-day), the number of machine-..
Discuss the three cultural change strategies a foreign marketer can pursue. What are they and why is it important to understand their meaning?
China has emerged as one of the fastest growing and most significant trading partners for the US. How does growth in China impact welfare in the US? Under what circumstances is Chinese growth good for US welfare and under what circumstances is US wel..
Would you use different cable types for the backbone going to the switches (assuming you choose switches) on each floor?
Why does the entry of new firms occur in a competitive market when price is above average cost for the existing firms? Provide real world examples.
If incomes rise for both low-income and high-income workers, but rise less for the high-income workers.
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
q.a central bank finds itself in the following situation the national economy has been in a slump for several years but
At 10$ per pizza, 100 pizzas were demanded. At 9$ per pizza, 125 pizzas were demanded. When the price of pizza falls from $10 to $9 what is the price elasticity of demand?
Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. Illustrate what is the price elasticity of demand for movie tickets. Could price elasticity be somewhat overestimated from these figures.
Recently American Airlines started charging $15 for each checked baggage. Why did the company simply not charge $15 to $20 more per ticket, and quietly avoid this publicity? responses to this topic.
Identify and explain the economic impact of one reform initiatives for each of the following years (2011, 2012, 2013, 2014). Reform initiatives should include insurance, provider, reimbursement and or technology, etc I want you to use the tools (..
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