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Show through a graph how a tax on a second good can increase welfare? What are the policy implications of this result? How does it apply to capital taxation?
crown cinema recently increased the price of a movie ticket by 5. as a result attendance dropped by 8. based on this
One of the lessons of economics is that "there is no such thing as a free lunch." That means that businesses, consumers and whole societies face tradeoffs whenever they make a decision. Explain a decision that you have made at work or concerning your..
one hundred compressors of 200 h.p. rating are being considered for purchase by the state highway department. the
The output effect of an increase in the wage comes about because higher wages:
Presume the utility function for a firm manager is U = Î + bQ, where Q is output, Î is profit, and b is a positive constant. How would the firm's output compare with what it would be if the manager's objective was to maximize profit?
"No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist." Do you agree. How might you use concept of cross elasticity of demand to judge whether monopoly exists
Explain the various major reasons why the quantity of education in a country would likely be less than the efficient amount in the absence of any government intervention. Include a carefully labeled and well-explained supply-demand diagram that sh..
Compare the use of open market operations, loans to financial institutions, and changes in reserve requirements to control the money supply on the basis of the following criteria: flexibility, reversibility, effectiveness, and speed of implementat..
Microeconomics Summarize the two articles - Should the United States Worry about High-Tech Competition from India and China?
Chlorine levels are significant for the safety of recreational pools. If the chlorine level falls below 100 ppm, the swimming pool is not considered safe for recreational swimming. Periodically throughout the week, the lifeguard will sample chlorine ..
For each of following changes, show/explain the effect on DEMAND CURVE and state what will take place to market equilibrium price and quantity (in the short run).
Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagre..
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