Change of the budget constraint

Assignment Help Macroeconomics
Reference no: EM131166867

The question is:

The original Budget constraint is p1x1 + p2x2 = m, an income tax levied at rate t (0<t<1) on the consumer. Draw the graph to explain the change of the budget constraint.

Reference no: EM131166867

Questions Cloud

Discuss changes that you would make to your local budget : Discuss changes that you would make to your local, state, or national budget based on the economic issue addressed in this article. If you feel no changes are necessary, explain how the current budget influences the circumstances in the article.
What is the best estimate of these bonds remaining life : Lloyd Corporation’s 14% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 30 years, are callable 5 years from today at $1,050. They sell at a price of $1,353.54, and the yield curve is flat. Assume that interest rates are expec..
How health care disparities impact treatment decisions : Explain how health care disparities impact treatment decisions. Identify the health care policies that are in place that direct care for uninsured individuals. Is there a difference in how these individuals are triaged?
What is the probability of the investors total return : An investor has invested in nine different investments.- What is the probability that the investor's total return is between $400,000 and $520,000?-
Change of the budget constraint : The original Budget constraint is p1x1 + p2x2 = m, an income tax levied at rate t (0
Construct a half adder using nor gates : Construct a half adder using NOR gates. A multiplexer is a switching circuit that produces as output one of a set of input bits based on the value of control bits.
Discuss the effect on the assessable income of the parent : Discuss whether or not the three payments are income from personal exertion. Would your answer differ if she wrote the story for her own satisfaction and only decided to sell it later?
Setting and implementing monetary policy : What would happen if no one tried to manage the business cycle? What role do you see for the Executive Branch of the U.S. government in managing the business cycle? How does fiscal policy work? What are its limitations? How does monetary policy work?..
Determine which position you support : Evaluate both the advocates' position and the critics' position. Determine which position you support and defend your position through your research findings. Cite a minimum of 3 peer-reviewed sources not including your textbook.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What level of excess reserves does the bank have

Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $5,000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank..

  Illustrate what is the price elasticity of supply

Illustrate what is the price elasticity of supply for your chosen industry.

  Elucidate the process by which a balance of payments deficit

Monetary approach, elucidate the process by which a balance of payments deficit is corrected under a flexible exchange rate system?

  Supply demand analysis to elucidate how prices of untaxed

Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.

  1 given the following demand and cost functions determine

1. given the following demand and cost functions determine the output and sales level that maximize profit.demand

  Trends in the population and economic growth

Lets say that as an worker of the World Bank that I have been proposed to research the requires of a country with a particular economic concern.

  What is the average inflation rate

How do you think the check tax affected the currency-deposit ratio and use the model of the money supply under fractional reserve banking to discuss how this tax affected the money supply.

  How does fed implement monetary policy to manage economy

3.Should the Fed remain independent from political authority or should the President and Congress have a say in their operations Why Why not 4.What is FOMC What is the current Federal Funds Rate

  What is the rollback equilibrium to this game

What is the rollback equilibrium to this game?

  Difference among comparative advantage -absolute advantage

Eluidate the difference among comparative advantage and absolute advantage.

  Explain why is it wiser for the government to put a sales

Explain why is it wiser for the government to put a sales tax on a good that is demand inelastic than on one that is demand elastic.

  Number of people harmed

Once approved, write a 7-10 page paper (not including title page and references) that gives the background of your hazardous waste site, what agencies were involved, what pollutants have been found there, the extent of contamination, the number of..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd