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Describe compliance procedures for the following areas
What does Pariotti mean by the myth of sovereignty? Is her argument reasonable and well-supported? How so? How does it relate to this week's video?
Two firms, A and B, are engaged in a Cournot quantity competition game.
For this exercise you will need to first build a graph to these specifications: Compute consumer, producer, and total surplus at the market equilibrium. Compute deadweight loss when the government imposes a price ceiling of $120.
A manufacturing firm is attempting to determine whether an existing machine is capable of milling an auto part that has a key specification of 2±0.004 inches. After a trial run on this machine, they have determined that the machine has a process mean..
How much income will he conceal (i.e., fail to report) if the probability of being caught is 0.1? Leo, who has a utility-of-wealth function U(w) = ln(w + 10), h
Create a program that simulates a standard Cash Register that meets the following requirements: Stores separate sales tax rates for food and non-food item. The rate for the food items will be 3.5% and non-food items will be 7%. The program will pro..
Use a demand-and-supply model to explain the impact of occupational segregation or “crowding” on the relative wage rates and earnings of men and women. Who gains and who loses from the elimination of occupational segregation? Is there a net gain or a..
If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? Would the government make mor..
The demand for a monopoly is P = 60 - 0.3QD. Where P = Price and QD = Quantity Demand.
The monopolist from the previous problem now faces a specific tax of 20, τ = 20. What are the optimal quantity and price given the tax? Calculate the welfare loss from the tax.
What will be the total loan amount at the end of year three if the loan proceeds take place at the beginning of each year? and middle of each year?
Assume that the price of Smartphone’s increased from $420 to $444 per unit. The manufacturer decides to supply 15,000 units instead of 12,000. Calculate the price elasticity of supply.
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