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Using a graph, show the impact of sales tax on product X in immediate and long run market equilibrium. Clearly indicate consumer's and producer's burden of tax on the graph. Assume that all other factors remain constant and that the market demand curve is inelastic.
If the Federal Reserve increases the money supply, the rate of return on investment (increases/decreases) and the value of the domestic currency (increases/decreases)
The ticket book contain 10 reserve seat tickets to any game for a total payment of$50. Using consumer theory, show why the CC's sell the ticket book.
Suppose the actual RGDP for the US economy in Y2003 and in Y2004 are respectively $10,580.7 billion and $10, 994.3 billion. Estimate the growth rate of RGDP in percentage terms between these two years. (Hint Growth rate = (Yt- Yt-1)/Yt-1 *100).
The table gives supply and demand data for a certain elective surgical procedure. Without health insurance, the equilibrium price and quantity would be
What are the effects of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How have tec..
State two ways the labor supply curve shifts to the right. Explain how each way impacts the equilibrium wage, equilibrium full employment, total output, productivity, and standard of living in the economy?
The terms of the loan are not renegotiated, so the borrower has a guaranteed nominal interest rate of 10%. What is the expected real interest rate for this loan?
Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a trigger? Consider you are on the strategic planning team for a soft drink company. Here is your company’s future trigger: m..
Examine perfect competition in the value-menu fast-food restaurant business. Why does this type of fast-food restaurant tend to display characteristics of perfect competition? When is losing money on Mondays still a good business decision?
Explain how the corporate income tax leads to the double taxation of some income. Why do we allow corporations to subtract depreciation from taxable corporate
Assume that the consumption schedule for a private open economy is such that consumption C = 20 + 0.75Y. Assume further that planned investment (Ig) and net exports (Xn) are independent of the level of real GDP and constant at Ig = 40, G =20 and Xn =..
Evaluate the following article and provide your strategic response as a firm in one several industries mentioned in the article
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