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California progress In May, California voters rejected an increase in taxes to close a $26 billion budget gap. To generate more tax revenues, California will have to encourage new businesses and create jobs. With 50 percent of income tax revenues coming from the richest 1 percent of residents, the state needs lower rates. Income redistribution has gone too far.
Does the median voter theory explain voters' rejection? If California lowers the highest tax rate to below the current 10.5 percent and cuts some free benefits, how might California's Lorenz curve change?
Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as TC = 24,00..
An ideal gas is subjected to a change in pressure from 2 to 20 atm at a constant temperature of 323 K. Calculate the change in chemical potential for the gas
Define the term weak entity and give an example other than one used in this text.Draw an IE Crow's Foot E-R diagram for your example.
is where one player maximizes his payoff and the other doesn't.
List and explain the ways by which firms usually finance their investment projects. Explain the rate of returns required by each method of financing. What are the implications of multiple ways of financing for a firm, each with its own rate of ret..
Find the pure strategy Nash equilibria for this game. (List the beliefs and actions, not just the final outcomes.) Are these outcomes Pareto efficient? Why or why not?
Suppose the equation for th LM curve is Y=13500+100r. Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate, the interest rate that the Fed controls.
How might Google's search-engine dominance harm consumers? Help them? LO10-3
The manufacture has determined that men value a simple microwave at $70 and one with auto-defrost at $80 while women value a simple microwave at $80 and one with auto-defrost at $150. If there is an equal number of men and women, what pricing str..
Consider again an increase in government spending combined with an increase in taxes of the same amount. How does this output effect compare to the output effects in parts (a) and (b)?
Suppose your elasticity of demand for your parking lot spaces is -2, and price is $8 per day. If your MC is zero, and your capacity is 80% full at 9 a.m. over the last month, are you optimizing
Would certain types of industry be more sensitive to taxes on land as opposed to buildings?
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