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suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive or, regressive? What assumptions do you make in answering this question? Do you think the tax that was imposed either efficient or equitable?
Demand and supply situtaions in the perfect competitive market for unskilled labor are as follows, Estimate the industry equilibrium price or output combination.
The management team at your hotel which has been asked to work together with the information technology manager to identify what information, documents, and files should be secured when stored on the server network and to identify possible solutio..
Bill can consume only 167 grams of carbohydrates daily,then how many cups of each food will he consume daily?
explain briefly what is happening in this economy before and beyond the equilibrium output level point "a". The equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line.
Assume that all states adopt a serious no-fault rule to cover automobile accidents, so that it becomes impossible to sue for damages after an accident.
However, using these new concrete forms adds 10% to the overall cost of the home. A typical 2,000 sq. ft. home using standard concrete forms costs $120 per square foot to construct and uses $300 per month average to heat and cool. Calculate the IR..
In terms of expansionary or contractionary policies, which do policy do you see more in line with the politics of the Democratic Party.
Find out the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Using a graph, explain in terms of the elasticity of demand for farm products why farmers may be better-o¤ when harvests are low even if we ignore the money they receive from the set-aside program.
A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restuarant has received rave reviews and has lines of diners waiting for tables most nights.
Apply the coefficient-of-variation decision criterion to these alternatives to find out which is preferred by the angel investor, assuming that he/she is risk-averse. b) Apply the maximin criterion, assuming that the worst outcome in Business 1 ..
Suppose a soft-drink firm is grappling with the decision about whether or not to introduce to the market a new carbonated beverage with 25 percent real fruit juice. Elucidate how might it use the six decision steps to guide its course of action.
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