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Suppose demand and supply are given by:
Q(d)=14-1/2Px and Q(s) 1/4Px-1
a. Determine the equilibrium price and quantity. Show the equilibrium graphically.
b. Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium price and quantity.
c. How many tax revenue does the government earn with the $12 tax?
Discuss the latest international effort to reduce greenhouse gas emission--the Paris Agreement. Do you think this will succeed or suffer the same fate as Kyoto?
A water supplier faces demand characterized by inverse demand function p = 100 − 2q. The supplier has somewhat unusual cost structure that results in a marginal cost function of the form MC(q) = 44 − (3/5)(q). Show how you find the economically effic..
Suppose that computers use two units of capital for each worker, so that KC = 2LC, while shoes use 0.5 units of capital for each worker, so that KS = 0.5LS. There are 100 workers and 100 units of capital in the economy. Solve for the amount of labour..
When she hired a fourth worker, her total product increased but by only 1,000 bullfrogs. Yolanda pays $1,000 a week for equipment and $500 a week.
Illustrate the effect of each of these proposed policies in a demand and supply diagram of the gun market. For each question, show the price paid by consumers, th eprice received by producers an dthe quantity of guns sold.
At the end of its third year of operations, the Sandifer manufacturing Co. had $4,513,000 in revenues, $3,333,000 in cost of goods sold, $446,000 in operating expenses which included depreciation expense of $152,000, and a tax liability equal to 34 p..
While sitting in your office one evening, you begin to think about some of key microeconomic messages you want to communicate to Board. Find equilibrium quantity and price.
Calculate the expected value of the investment (b) Calculate the standard debiation of the investment Solve managerial economic problem: state of economy GDP GROWS SLOWLY 0.7 $1000 GDP GROWS FAST 0.3 $2000
Is there a production function with two outputs using a single input ("money") with increasing returns to scale but dis-economies of scope?
Is stability in the general level of prices through time important? Why or why not? Should price stability be the goal of monetary policy? Explain your responses.
The effective e-commerce and CRM strategies, applications and services on both websites.Write a short report in APA (American Psychology Association) style on the findings of the above items 1 and 2 with appropriate comparison, contrast, and discu..
What other items do you use to supplement your anti-virus program? What's the difference between antivirus and anti-malware?
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