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Draw an elastic (not a perfectly elastic) demand curve. If a sales tax was added, who would pay the burden of the tax now? Consumers or producers? Why? Explain.
You just won a contest and have been appointed State of CT Tax Commissioner. Your primary goal is two fold: raise revenue and make the tax code more efficient. You have to decide which goods to tax, which goods to raise taxes on and which good to low..
Schaefer Organic Farms purchased a new tractor at a cost of $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the tractor's useful life, the salvage value of the tractor is expected to be $5,000..
What is the difference between Real GDP and nominal GDP, and why do we care?
What is the Herfindahl-Hirschman index in this market? (Hints: 1) Use the number of admissions as a base for the calculation;
Since November 2011, the Reserve Bank has lowered the cash rate on eight separate occasions from 4.75% to 2.5%. Clearly, the Bank has become far less concerned about inflation and is giving a much greater emphasis to unemployment in its policy reacti..
Specialization can mean that different people produce different things or that different people perform different tasks in producing the same things. Give examples of different people producing different things and exchanging their products (the soci..
St. James Hospital has always been a Medicare and Medicaid provider. Of late, due to the percentage of patients under these plans
The new CEO has selected your consulting firm to give him/her an analysis of the organizational efficiency.
Assuming the same financial market transaction costs and risks, will funds tend to move toward the U.S. or Japan if the U.S. interest rate is 5%, the Japanese interest rate is 2%, and there is a forward discount on the dollar of 2%? How will this eff..
Please explain opportunity cost and some constraints the firm would face in maximizing the profit.
q1. how was de beers able to control the world price of diamonds over the past several decades even though it produced
Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information.
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