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The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:
What type of tax is this? Explain. What happens to the supply of cookbooks? Who pays the tax at the end? Is this a good way to finance programs to improve health? What other types of tax can the government use to increase revenues?
The law of demand says that the price and quantity demanded are inversely related. Thus, is demand curve positively or negative sloped?
discuss how the actions of the federal reserve specifically an increase or decrease in money supply affect the other
use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of
1. los angeles retail market for widgets is fiercely price competitive. the typical retailer has the following total
Suppose the two countries are not trading and that both desire to have equal numbers of feet of timber and baskets of fruit. How would they allocate workers to the two sectors?
Pedro is a college student who receives a monthly stipend from his parents of $1,000. He uses this stipend to pay rent for housing and to go to the movies (assume that all of Pedro’s other expenses, such as food and clothing have already been paid fo..
what is the equation of his budget line?nbsp sketch the budget line and two possible indifference curves that herbert
Mergers are treated differently, depending on the type of merger and the effect on the industry. There are three types of mergers: Horizontal mergers are between companies selling similar products in the same market; Vertical mergers are between f..
The demand function for product sold by an oligopolist operating in the short run is given below: Compute the profit-maximizing price and quantity, if the firm operates in short run.
Suppose that population standard deviation is 0.56 (instead of 0.45), without doing calculations explain whether a 95% condence interval for the population mean would be wider than, narrower than, or the same widt
When the price of X is $1 and the price of Y is $1 and income is I, Joe Panther spends $100 on good X. How many units of goods X and Y does Joe purchase before the price increase and finding the $100.
would a minimum-wage law help entry-level workers in some market structure while hurting them in another market
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