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Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1<000 clients per year. If the office rent increases to $25,000 per year, the marginal cost of filling out tax returns will:
A. Not change
B. Increase by $5000
C. Increase, but we cannot determine the amount of the increase with the information given.
D. Increase by $5
According to the figure, because of the imposition of this per-bag tax, the price buyers now pay and the price sellers get to keep (net) equals: A) $28 and $48, respectively B) $39 and $28, respectively C) $48 and $28, respectively D) $39 and $39, re..
Which organization has a bigger markup. Explicate. Which organization has the bigger incentive for careful quality control
A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Suppose that the Federal Minimum wage was recently increased from $7.25/hour to $9.00/hour. What impact do you think that will have on income inequality in the United States? Will those at the bottom of the economic ladder start catching up to those ..
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..
Please identify and discuss advantages and disadvantages of structuring a business as a partnership versus a corporation. How have state LLC laws changed the effectiveness of a partnership from both a legal and taxation point of view?
elucidate how the changes in the monetary policy effectiveness lag and the interest-rate multiplier affects how much and how long monetary policymakiers must change interst rates in response to any given demand shock.
A small country that imposes a tariff will observe: Refer to the figure above. The impact of a tariff on shoes on the amount of domestic producer surplus is a __________ measured by area __________. Suppose the "Effective Rate of Protection" for Braz..
MERGERS AND PUBLIC POLICY Calculate the Herfindahl-Hirschman Index (HHI) for each of the following industries. Which industry is the most concentrated?
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, Illustrate what were the economic incentives for producers.
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