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Question: Suppose the current equilibrium price of a quarter-pound hamburger is $5, and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $0.50 per hamburger, the equilibrium price of hamburgers rises to $5.20, and the equilibrium quantity falls to 9 million. Illustrate this situation with a demand and supply graph. Be sure your graph shows the equilibrium price before and after the tax; the equilibrium quantity before and after the tax; and the areas representing consumer surplus after the tax, producer surplus after the tax, tax revenue collected by the government, and deadweight loss.
Suppose that you invest $100 today in a risk-free investment and let the 4 percent annual interest rate compound. Rounded to full dollars, what will be the value of your investment 4 years from now?
How has the composition of government spending changed since the 1960's? Support your answer with examples from the article.
what is econometrics and why is it relevant? to what kinds of problems might econometrics be applied to improve
describe the aspect of being "in nature" most feared or most disliked. The paper must be double spaced, minimum two pages in length, and in APA format.
farida has us 55 to spend on apples and oranges. given the information in the following table is farida maximizing
How do individual firms in a perfectly competitive industry respond to an increase in the market demand for the product? Would advertising by individual firms in this type of market provide any benefits?
a contract or agreement does not have to be between two companies. another example of a dispute can be that of
Determine the firms profit maximizing quantity. Show your outcome on a graph. What is the firm's profit? Compute the point-elasticity of demand at the profit-maximizing output.
1- In the months of June and July, people in Saudi Arabia hold a larger part of their money in the form of currency (cash) rather than depositing their money in the banks, because they intend to shop and travel for the summer vacation. As a result, o..
Discusses how externalities relate to the willingness to pay (WTP) analysis and demonstrates solid ability to accomplish the assignment
Would consumers benefit more from a tariff or a quota on imports? Provide one supporting fact to support your response.
List and define the methods of describing a need as it relates to your Week Eight written assignment - What benefits would accrue to TFL? What risks are there for TFL and what should TFL do and why?
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