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Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 25,000 cases of cola were sold every week at a price of $7 per case. After the tax, 18,000 cases of cola are sold every week; consumers pay $8 per case (including the tax), and producers receive $5 per case.
The amount of the tax on a case of cola is $____________per case. Of this amount, the burden that falls on consumers is $__________per case, and the burden that falls on producers is $_________per case.
A function of government is to regulate natural monopolies. Describe what is a natural monopoly and why it needs government regulation
Describe the factors that may cause economies and diseconomies of scale. Give an example of each. Describe the economic concept of the law of diminishing marginal returns. Please give an example. Why is this important?
a firm has the choice of the following investmentsinvestment a costs 5000 today pays a total of 4000 next year and
A firm with market power produces widgets at marginal cost of $10 per unit and zero fixed costs. It faces demand function given by P = 50 - Q. Find out the marginal revenue for the firm?
Suppose a profit-maximizing monopolist is producing 800 units of output and is charging a price of $40 per\ unit.If the elasticity of demand for the product is -2, find the marginal cost Of the last unit produced.
You have been appointed economic advisor to Exam land. The mpc is 0.6; investment is $1000; government spending is $8000; consumption is $10000;
The marginal propensity to expend is 0.9. Autonomous expenditures are $4,600. What is the level of equilibrium income in the economy?
Suppose a candidate who runs on a platform of “soak the rich” wins the 2016 presidential election. After being elected, he or she persuades Congress to raise the top marginal tax rate on the federal personal income tax to 65%.
High school students were interested in a teacher's claim that the longer the length of time (hours) that a student studies for a test, the higher the test scores. The students collected the data and the teacher did the regression analysis with the f..
a corporation issued 600000 10 5-year bonds on january 1 2011 for 648666 which reflects an effective-interest rate of
suggest how an economist would approach the problem of alcohol abuse. provide 2 possible solutions to this problem.
An individual who is employed part time, but is looking for a full-time job, is classified as:?
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