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You are chairperson of a state tax commission responsible for extablishling a program to raise new revenue through excise taxes, why would elasticity of demand be important to you in determining the products on which the taxes should be leived?
Co9mpute the percentage change in the Shares of Household Income of Quintiles between 1968 and 2008. Notice the dates are in reverse chronological order. Why do you think it has changed in the manner it has.
Elucidate is the efficient yearly output of paper and how can this be achieved.
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
describe briefly how consumers and incumbent firms are influenced by these externalities.
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Explain how that the balance sheet balances if these are the only assets and liabilities.
Illustrate why are companies using more technology input while reducing labor input. Why are the Average Cost Curves U-shaped.
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Contrast two or three key economic factors for this country with the United State economy also comment.
Compute the price of a bundle containing 100 units of good X, 150 units of good Y, and 25 units of good Z.
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity.
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