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Identify a particular tax of your choosing. Then, concisely defend your view on whether that tax meets Adam Smith's criteria of a "good tax" and whether it is both efficient and equitable. Give positive reasons based on the microeconomics of product and resource markets, and the inevitable efficiency and equity implications that we have studied for your normative conclusion. Post your chosen tax and your defense in the Discussions area. Read and respond to your fellow students' postings at will.
a. Calculate the present value of net benefits for the project using the analysts' predictions.
A federal agency is considering expanding a national park by adding recreational facilities. the initial cost of the project will be 1.5 milli9n dollars, with an annual upkeep cost of 50, 000$, public benefits have been valued at 300,000 $ per year;l..
Reliable packaging is a perfectly competitive firm. Its output is 20,000 units a day; its daily total revenue is $750,000; its average total cost is $37.50; and its average variable cost is $27.50. It is operating at the output level where average to..
Given the current condition of the US economy, do you think US policy makers would prefer to see the $ rise in value, decline in value or stay at its current value? Discuss the advantages and disadvantages to the US economy at this time of a stronger..
Within Unit VIII you are going to submit a Research Paper based upon a topic related to globalization and/or the current global economic crisis.
Lisa and William Leeper filed a Chapter 13 bankruptcy petition. One of the unsecured debts they listed on their bankruptcy petition was an amount owed to the Pennsylvania Higher Education Assistance Authority to attend college under a guaranteed stud..
Describe what observations and decisions might be made based on comparative labor costs. What countries, based on labor costs alone, might seem best to lower labor costs.
Laurie’s demand for x is given by . Which of the following best describes Laurie’s demand for x when the price of x changes if her income is 10 and px = 2? (a) Relatively elastic (b) Unit Elastic (c) Relatively inelastic (d) Perfectly inelastic (e) N..
In your opinion, does gross domestic product per capital or the Genuine Progress Indicator provide a better measure of economic progress? Discuss why, or why not?
Today more workers in the US are members of lavor unions than any time in our history. Today labor unions are weaker than anytime in the last 100 years. No major labor union has called a strike since the 1940s.
James has a utility function given by , where is the amount of product 1 consumed per period and is the amount of product 2 consumed per period. Derive James’ Marshallian demand functions for and , expressed as functions of the prices of goods 1 and ..
The average total cost incurred by a firm is calculated by dividing:
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