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Consider the market for facemask. In the backdrop of COVID-19 pandemic, if the government imposes a sales tax on facemask, how the tax burden will be distributed between the consumer and the seller of face-masks? Explain with an adequate graph.
Explain why growth based only on a growing labor force can on average leave people less well-off. Would your answer be different if there were increasing return
Explain why this manager might nonetheless have a strong incentive to maximize the firm’s profits.
Suppose that you like to own both left and right shoes, but that a right shoe isof no use to you unless you own a matching left one, and vice versa. Draw yourindifference curves between left and right shoes.
Explain which bridges you would choose to attempt to use. (Assume you can put one foot on a bridge to see if it collapses before you attempt to cross.)
A driver wishes to buy gasoline and have her car washed. She finds that the wash costs $3.00 when she buys 19 gallons at $1.00 each, but that if she buys 20 gallons, the car wash is free. Thus the marginal cost of the twentieth gallon of gas is:
How can a nation that runs a persistent Current Account
Suppose these two countries decide to specialize according to comparative advantage and then trade with one another. What is the range of acceptable prices in terms of sweaters for 20 hotdogs
Explore the design for recycling approach employed by another automobile manufac- turer, such as Toyota or another manufac- turer, and compare it to that of BMW Group.
there are 20000 people in a population. the government is considering a project which will cost 1000000 annually to add
for i = 1, 2. Originally she faces prices p1 = p2 = $2 and has an income of $100. Then the price of good 1 increases to $4. Calculate the compensating and equivalent variations, given that Niki's utility function is u (x1, x2) = x1(1/2)x2(1/2).2. The..
How much money would you have to pay each year in 8 equal payments: At an interest rate of 12% per year, how much extra income per year would be needed in years 4 through 10 to recover the investment?
Why does exiting G2 phase early result in mutated cells that are longer than wild type cells?
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