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Is democratic government and equal rights are necessarily related, in the way Lincoln's opening quote implies."As I would not be a slave, so I would not be a master. This expresses my idea of democracy. Whatever differs from this, to the extent of the difference, is no democracy".
Market equilibrium occurs at that price for which
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 20% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 50 hours each week. Show that the worker will..
The government introduces a law which imposes a cost of $5 on landlords (shifting the supply curve up by $5) and a benefit of $10 to the consumers (shifting the demand curve up by $10). How is the rent going to change? Are the parties going to be bet..
Explore in particular how the firm responds to the macroeconomic conditions in terms of the stock performance, current also future sales revenue, current also future profits, and worker costs also hiring decisions.
Proposals to reduce patent length for drugs are sometimes made, but some critics argue that such a change would result in even higher prices during the patent period as companies would need to recover drug development costs more quickly.
q. assume as a rule of thumb one commonly assumes which the value of land equals the 14-fold of its annual rental
In a price leadership oligopoly model,
q.the demand schedule for sugar isprice quantity demandeddollars per kilogram millions of kilograms per year3 205 167
What is the profit-maximizing rate of output for the firm?( b ) How much profit does the firm earn at that rate of output?
By how much did the disposable income of rich people decrease as a result of the 2012 hike in the top marginal tax rate from 35 to 39.6 percent? Assume they have $2 trillion of gross income in the highest bracket.
Historical data suggests that in the athletic shoe industry, the price elasticity for shoes is approximately -0.67. Explain what price elasticity is, and how to interpret the stated elasticity for athletic shoes of -0.67. What effect would you expect..
Converse Elucidate how a society's social values influence the provision of also payment for health services.
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