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In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1 tax on each gallon of liquor sold (the tax is levied on producers). Suppose that the demand curve is QD = 500,000- 20000P (where QD is the number of gallons of liquor demanded and P is the price per gallon), and the supply curve for liquor is Qs = 30000P (where Qs is the number of gallons supplied)
Use the following information to complete the question. (I - S) + (G- T) + X - M = 0, where S = saving
Consider the following: “In 1973 several major oil producing countries formed a cartel. The cartel effectively decreased the supply of crude oil. Gasoline prices rose sharply as did the total expenditures on gasoline.” Use a supply/demand diagram of ..
Explain the 3 different cases where utility is maximized when you have perfect substitutes. Include a graph for each. (Hint: consider slopes.)
When president Roosevelt devalue the dollar against gold, this: In its role as lender of last resort, the Fed has authority to ____ to an _____ facing a _____ crisis. When Roosevelt devalued the value the dollar against gold, it _______ and ______
Which schools of management thought are illustrated in this case? Customers’ perception of quality includes performance, reliability, durability, serviceability, and aesthetics. What else do car customers want? Add to the perception of quality and cr..
Discuss and analyze alternative perspectives for determining financial performance. Out of three methods (Cash flows reporting, Accrual accounting)
If the EU and the United States continue to trade what do you think will characterize goods which the EU exports to the United States and the goods that the United States exports to the EU.
When the minimum wage is set above the equilibrium market wage,
Suppose that the salary for a recent industrial engineering graduate is expected to increase by 12% per year from a base of $52,000 over the next five years. If the interest rate is taken to be 10% during the period, the present worth of the earnings..
Macroeconomics: A. How do we measure long term economic growth of a country? What are the key determinants of long run economic growth? B. What is the relationship between economic growth and productivity? What is the major source of growth in labor ..
How MUCH of the first months payment will go toward PRINCIPAL reduction of the mortgage?
q.assume the followingi. the public holds no currency.ii. the ratio of reserves to deposits is 0.1.iii. the demand for
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