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Explain why each of the following statements is True, False, or Uncertain according to economic principles.
Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important.
1. Suppose that Ian and Mike are cottagers on opposite sides of a small lake. Ian values electricity at his cottage at $500 and Mike at $700, but in order to get electricity for their properties a trunk line costing $1000 must be built. If they are unable to negotiate the trunk line will never be built, but if they can causelessly negotiate to split the costs, it will be built.
2. Suppose the tax rate on the first $20,000 of income is 20%, and on any income above that is 25%. This tax is progressive. [Hint: Consider two taxpayer, one earning $20,000, and the other $40,000]
Choose a company whose stock is publicly traded on a United State stock exchange. What strategic changes has this company made over the last 18 months to respond to changing macroeconomic conditions?
Elucidate what set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
Describe the cost- benefit approach that a typical economist takes to analyze regulations. How are economic policies impacted by politics, and how can politics make a positive or a negative contribution to economic policy?
Converse Elucidate how you might go about evaluating the rate of return for the new equipment.
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
Illustrate what greens fee should the operator set on weekday also Elucidate how many rounds will be played n the weekends.
q.you work as a sales representative for a major pharmaceutical company. most of your time is spent driving to
How many shares of common stock must be issued as well as at what price, to raise the required capital.
At a market price of $50 a batch, illustrate what quantity does Lin's produce also what is the firm's economic profit in the short run.
Illustrate what is elasticity of demand at profit maximizing level of output. Without use of any calculations, determine wherefirm=s total revenue would increase, decrease, or stay same if CRAPCO attempted to increase its price by .2%. Explain how..
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
Which of the following events will tend to increase net exports of the United States?
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