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Which of the following expenditures are not included in the consumption component of GDP?
A. maid service
B. purchase of a new home
C. a new videocassette recorder
D. a restaurant meal
E. tax preparation service
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r.
In the absence of regulation, firm 1 would emit 15 and firm 2 would emit 20. The firms have the following marginal control costs where q1 and q2 are the amount of emissions reduced by each firm. If instead an emission permit system was established, h..
Illustrate what's the equilibrium price and quantity in the free market equilibrium. what's the best tax to impose on the power plant, why.
q1. when the value of a nations imports exceeds the value of that nations exports the nation is said to have what?q2.
An improvement in production technology for a specific good will cause a(n):
q. the road runner club contributes money to senator slys reelection campaign fund and senator sly helps pass
Elucidate how might this allocation under allocation get resolved via the means suggested by the coase theorem.
An individual likes owning cars is better. In order to own a car, an individual must have a 1:4 ratio of frames to tires.
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. The country is initially..
According to Classical Economists which type of fiscal policy financing produces inflation?
Explain gambling from a risk-return perspective and from a Christian worldview. What is wrong (from a Biblical viewpoint) with gambling if consumers want it? Is price-discrimination always wrong? Under what conditions might it be ethically allowable?
Following the war, the government of Country A would like to impose tax RMx on cars. Ilustrate and explain with graph for the car market due to the taxes. In your opinion, who will bear more of the taxes imposed-suppliers or consumers.
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