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Consider the expanding input variety model of Section 13.1, and assume that corporate profits are taxed at the rate τ.
(a) Characterize the equilibrium allocation.
(b) Consider two economies with identical technologies and identical initial conditions but with different corporate tax rates, τ and τ' . Determine the relative income of these two economies (as a function of time).
Assume that Mamma's produces frozen pizzas in a competitive market and it knows how to maximize profit. It's marginal and average total costs are shown in the curve to the right. a) Suppose that other pizza producers are selling their product at $5..
Estimate simple linear regression models for both the raw data and the logs, estimating both the intercept and the slope.
Draw a supply-demand equilibrium for each of the cigarette and chewing tobacco markets before and after the introduction of the regulations.
Using manufacturing and services as tradable goods create a standard trade model for the U.S. and Indian economies that shows how relative price declines in exportable services that lead to the "outsourcing" of services can reduce welfare in the U..
A recent newspaper circular advertised the following special on tires: "Buy three, get the forth tire for free-limit one free tire per customer." If a consumer has $500 to spend on tires and other goods and each tire usually sells for $50.
Describe what you believe will be the critical and significant auditing concerns in Borowski's General Audit Plan.
Suppose you consider a sales tax of 10% on thismarket. Suppose that the firm has to pay the tax, as istypically the case with sales taxes. Hence, if the firmproduces quantity y of output, the price paid by consumers is p = A- By
Supposed a firm faces an inverse demand function of p(y)=20-y and a total cost function of c(y) = a + y^2 What would be the economic interpretation of the variable a
Write a 3 to 5 paragraph summary of the information and also explain how it relates to what you have just learned. Do not copy and paste directly from the article except for small quotes that help explain your summary.
Analyze the dynamics of supply and demand to anticipate market equilibrium.
what is the expected revenue from auctioning the item
Tammie makes $150 a day as a bank clerk. She takes off two days of work without pay to fly to another city to attend the concert of her favorite music group. The cost of transportation for the trip is $250. The cost of the concert ticket is $50.
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