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Monopoly Market
1. The simple case of a fixed per-unit tax is indicative of more complicated ones. Consider a proportional sales tax and a progressive sales tax. How do the tax revenues, and quantities produced compare in these various cases?
2. Explain how value can be created simply by exchange even when nothing new is produced? [This is true for a monetary and for a barter economy].
3. Explain how competitive privately issued currencies would work automatically to provide consumers with protection against inflation?
4. Would interest exist in a pure exchange economy where no production occurred? Explain.
5. Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.
Show that leisure must be a normal good for the labour supply function to be downward sloping.
According to the life-cycle hypothesis, determine the typical pattern of saving for an individual over his or her lifetime?
Assume you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35%. Calculate your annual tax.
As new substitutes for office productivity software are developed, the demand for workers in office productivity software production should
Given the information, what is the equation for Jar Jar's budget line? Assume that Jar Jar spends all of his income on coconuts and/or fish. Graph this budget line with coconuts on the x-axis and fish on the y-axis. Label this budget line BL1.
read the speech of the fed chairman ben bernanke he delivered on oct 18 2011 at the federal reserve bank of boston
Explain how the concept that you could affect the U.S. economy - Identify at least four key points of a relevant economic article.
In this course you will be required to research the stock market and become familiar with stock market performance indicators. You will also take part in a simulation to see just how good of an investor you can be.
Draw a figure showing the best level of output and price for the cartel, and the output of each firm to minimize the total costs of production for the cartel, and calculate the profits per unit and in total for each firm.
Suppose the marginal cost in the worked out problem below is MC= 1 + 0.01Q, where Q is the total number of tickets sold (equal to the sum of student tickets and other adult tickets). How would the answer to the problem change? What will happen to ..
With the ongoing debate about Healthcare and the current efforts to pull the economy out of the doldrums, the question comes up what is the role of government in the free market?
A movie theater has estimated that demand for a movie ticket can be written as P1=10-Q1 for senior citizens and P2 = 12 - Q2 for rest of the consumers.
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