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Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q.
What is the equilibrium price and quantity?
Now, suppose an excise tax is imposed on good X such that the new supply equation is P = 4 + .4Q. How much tax revenue will this excise tax yield the government?
Graph the curves and label the area of the graph which represents the tax collection as TC and the area representing the deadweight loss as DWL.
Calculate the breakeven value at the low price of the data item that you consider most likely to be unreliable.
Expalin, with the use of demands and supply, the difference between a chance in quantity demanded of hats and a chance in quantity demanded for hats.
q1. if capital is measured on the vertical axis and labor is measured on the horizontal axis the slope of an isoquant
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years.
Which of the following would be a change in monetary policy? With a reserve requirement of 4% how much money would be created if the government printed $100 and gave it to banks and the banks loaned it as normal? hich of the following policies was li..
If the firms form a cartel to maximize industry profit, what is the industry marginal revenue at the profit-maximizing level of output?
In the long run, there will be no unexploited scale economies (excess capacity) in
What are the four roles that states can play in negotiated global environmental regimes? What determines what role a state might play? Why do states sometimes shift roles?
q. 1. one of the approaches for the southern company to comply with the clean air act is to adopt fuel-switching
If hospitals begin to affiliate within regions, would you expect that %u201Cunnecessary duplication of facilities%u201D would increase, decrease or stay the same?
Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a demand curve?
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
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