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Suppose the market for grass seed can be expressed as QD = 100 - 2p and QS = 3p. At the market equilibrium, calculate the price elasticities of supply and demand. Use the elasticity values to find the tax incidences from a specific tax that is levied on the consumers.
Smoking is banned from most public buildings in most states across the U.S. today. What type of market failure is the smoking ban intended to address. Illustrate what other options might be considered.
Consider an organization in your field or industry. Describe the essential systems necessary to facilitate continuous change
The purchase of a large-volume copier is being considered. Use MACRS and the current tax law. The corporation's taxable income exceeds $20M.
If you consider about the welfare of people via carbon emission, solution you think is to impose carbon. Would it be imposed on only private sector or both private and public sectors (since bus, train and plane are services of public sector, it also ..
Statistical analysis indicates that a=0.8 and b=0.3. The firm's owner claims the plant has increasing returns to scale.
Identify also converse at least two arguments which support trade restrictions also two Once modest trade restrictions.
Contrast the ideas of nominal GDP and real GDP. Why is one more reliable than the other for comparing changes in the standard of living over a series of years? Apply the concept of a price index to comparing the rise and fall of gas prices over a sev..
What is market power? Define market power, name a few sources of market power, and explain why market power is always a source of market inefficiency.
Suppose that the insurance company would set the premium by imposing a zero profit restriction. That is, the premium would be set to be (1+L)EB, where L is the loading factor and EB is the expected benefit. Let us assume that L = 20%. Based on this s..
Total revenue will increase for which of the following?
Equilibrium in oligopoly is different from other market structures because:
q.suppose a bank is faced with two types of borrowers - a high risk borrower that should be charged an interest rate of
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