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Question 1: How does a per-unit tax influence a perfectly competitive market?
Question 2: How does a lump-sum tax influence a perfectly competitive market?
Question 3: How does the imposition of an effective price control influence a perfectly competitive market?
Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is (in rate per month) the rate of job finding (f) ? What is the rate of job separation (s) ? What is the equilibrium unemployme..
All of the following explain why purchasing power parity does not completely explain long−run fluctuations in exchange rates except
Growth rates in the Solow model (II): Suppose an economy begins in steady state and is characterized by the following parameter values: s 0.2, d 0.1, A 1, L 100. Apply your answer to question 8 to calculate the growth of per capita GDP in the period ..
Is there a surplus or deficit in the government budget at the equilibrium level of income.
A worker making 20$ per hour decides to take unpaid leave from work to attend a graduation ceremony. Assuming the worker works an 8 hour day has a total tax rate of 70% and receives a 5% contribution from his employer to his 401k, what is the worker'..
Discuss the impacts of marginal utility. Imagine that you are a seller of sunglasses: How can you increase the consumer demand curve by helping increase the marginal utility for consumers? Detail specific steps to take and provide examples.
Create a supply and demand graph in (Excel) that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available. You may select your own data points, but you must discuss the relationship between supply and..
What does the difference in the CCCs tell us about the riskiness of the two firms? Why is that the case? If the expected industry return is 8%, will both firms stay in the industry? Calculate the cost of equity for the two firms?
1. explain why work done at home is not incorporated however housing services that are also done at home are
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
Which one of the following statements is FALSE about a market characterized by the market structure we call duopoly (that is an oligopoly with only 2 firms) under Cournot competition?
I was watching a documentary about a scientist fishing for giant stingray in Thailand. They ran into a fisherman on the river late at night. The fisherman said he was fishing for giant river shrimp (the things were the size of lobsters). The scientis..
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