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Why does Prof. St. Clair argue that the U.S. obsession with taxing the rich is generally misguided? The "rich" do not have enough taxable income to make the tax-the-rich policies work The "rich" already pay too much taxes The U.S. Constitution requires that income taxes be equal for all It is too difficult try to deal with the "rich" and their lawyers and their accountants Prof St. Clair aspires to be rich and does not want to pay taxes when he does become rich.
Identify both the shutdown point and the minimum average cost. (Hint: if you have access to a spreadsheet program, you may find it easier if you put into
Which firm is the more profitable in this market? Does the firm you identified as more profitable have a dominant strategy?
The percentage of sales model takes into account the current assets to sales, and the current liabilities to sales only. The weakness in using the percent.
Environmentally appropriate production technologies also precuts with eco friendly packaging also recyclable materials.
A market in which there are many firms each selling differentiated products is most likely a ________ market.
A rise in the price level that leads to a change in the interest rate, and therefore to a change in the quantity of aggregate demand, will cause:
Consider the market for pizza in a small college town with multiple pizzerias. Initially supply and demand are given by S1 and D, such that equilibrium is at E1. A number of pizzerias close, reducing supply. use the quadrilateral drawing tool to shad..
explain the concept of diminishing marginal utility. since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all foods?
Suppose that the (inverse) demand curve for Cranberries is given by P = 40 - 6Q and TC = $4Q + $3Q2
Explain who should bear the cost of agility training for an NFL wide receiver. Should the team pay, or the player? Explain in the context of human capital
You are a manager in charge of monitoring cash flow at a company that makes photography equipment. Traditional photography equipment comprises 40 percent of your revenues, which grow about 2 percent annually. If the own price elasticity of demand for..
Would you argue that large scale operations are more or less efficient or that they have too much market power? Do they reduce consumer choice? What is your position?
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