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Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.
Do wages clear when the wage equals two. Do we know whether the equilibrium wage is higher or lower than two.
Use the income statement below to find the financial ratios for (a) cost of goods sold, (b) gross profit, (c) operating expense, and (d) net income before taxes.
Every may either 'cooperate' with its rival or 'cheat' in every period of play. If both cooperate, they earn $100 every in that period.
Illustrate what is the fed funds rate in the banking system. Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
A logging company in the Florida swamps, who harvest the driest ground first and each harvest requires more resources to produce as conditions worsen is facing what type of costs?
Explain four macroeconomics objective from conventional perspective
Heckscher Ohlin model with two goods (wheat and cloth) and two inputs (land and labor), suppose price of cloth rises by 10% and the price of wheat remains the same. Wheat is land intensive and cloth is labor intensive. the rise in the price of cl..
q.think of another good that you have purchased recently or you could continue with the good you selected in tda i. be
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
The price elasticity of demand for gasoline is 2. What effect will a 10% reduction in the quantity of gasoline placed on the market have on the price of gasoline?
Identify changes in market conditions and their effect on equilibrium price and quantity for the following events:
Diminishing marginal returns begins with which employee? Suppose a pot sells for $20 each. What is the marginal revenue product of labor of the second worker? If wages are $50 per day and pots sell for $20 each, how many potters will the firm hire?
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