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The small council was always searching for revenue to pay for President Wright's extravagant hunting trips. Phil Mathews argued that it would be best to tax drinks because everyone had to drink. Lord Music disagreed, saying that it would upset the citizens and put President Wright in danger. Instead Lord Music proposed taxing only Sprite because any citizen could easily avoid paying the tax if they wished by not drinking Sprite. Using a couple of graphs to illustrate your answer, explain how these two proposals differ in terms of the efficiency of the tax and who would end up paying the tax.
Your school is intersted in starting a scholarship fund. Each scholarship will be $500 and they anticipate funding 10 students each year. All scholarships are awarded at end of year. The organization plans to provide a total of 50 scholarships, with ..
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
If the Federal Reserve is following a restrictive monetary policy by lowering the money supply in the economy, what will be its effect on the equilibrium outcome in the economy? Explain using AS-AD analysis.
Participate in a discussion with your classmates regarding the trade off between inflation and unemployment. Now that we have learned that the Short-Run Phillips Curve (SRPC) shows the trade off between inflation and unemployment at the given natural..
Suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
Suppose at a bundle (c, d) in the interior of the choice set, your MU for each good is zero. you are rational. You will consume some bundle on the budget line. Tim Finnegan decided to drink whiskey for the first time in his life, while sitting on top..
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
The insidious nature of anorexia creates strong resistance to weight gain and all strategies to promote weight gain, even in the face of permanent, lifelong physical ailments and even death. Considering this dilemma, do you believe that someone has t..
Describe in your own words the categories of Web-enabled customer service as discussed in the assigned readings of the text. What makes the most sense for a business like yours (if you are currently employed)?
From an economist's perspective, an important consideration for policies to address global warming is: When a producer cannot get all consumers of their product to pay for enjoying it, such as in the case of a fireworks display, then we'd have a dema..
Before the shipping container, cargo had to be removed from a ship piece by piece, a very time-consuming process requiring a lot of dock workers to accomplish. But, if automation increased wages, which of the following best explains why the workers r..
According to Marx, businesses pay their workers less than the value of the product of their labor in order to make a profit. The businesses then reinvest
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