Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For each of the following productions functions, determine whether returns to scale are decreasing , constant, or increasing (show your computations): a. Q = 3K = 2L + KL b. Q = 20K7L5 Exercise 3 HC Petersen & WC Lewis Business Consulting LLC are contracted by the Puerto Rican Treasury Department for an economic study with respect to the efficiency of accountants and bookkeepers in the audit process of corporate and individual tax collection. The study reveals that Certified Public Accountants (CPAs)who audit corporate tax returns are paid $31,200 per year, while the annual salary of a bookkeeper, who audit individual returns are paid $18,200. The study also reveals that adding one year of CPA time to audit corporate returns results in an additional tax collection of $52,000. On the contrary, an additional bookkeeper adds $41,600 per year in additional tax revenue. a. Suppose that the Treasury wants to maximize tax revenue that is being collected, Do you consider the present combination of COAs and bookkeepers optimal? Justify your answer based on the concepts learned in this Module and chapter of production. b. If the present mix of CIAs and bookkeepers is not optimal, should the Treasury Office hire more CPAs and less bookkeepers or vice versa? Explain why!
Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
Question based on Laffer Curve : Tax Rate and Tax Revenue, Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?
Problem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd