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Summarize the arguments about the regressivity or progressivity of the property tax. How might you attempt to verify which view is correct? What factors might make either of the two simple models, the excise tax on rentals or the tax on capital, less likely to predict the distribution of the tax burden in the real world?
Prepare a two- to three-page analysis by answering the questionsbelow. Be sure to cite your references using APA format.Assume that the officials in Ecoland have compiled the following information about their economy for last year.
(b) At what output and price will the firm maximize total profit (c) Compare the maximum profit obtainable with the profit that the firm would have if it chose a revenue-maximizing strategy.
Suppose the government imposes an excise tax on tractor trailers. The black line on the following graph shows the tax wedge created by a tax of $80,000 per trailer.
Kate is one of 60 price-taking street artist. she and other street artist each produce their artwork with total costs given by SRTC = 3q^2 where q is the armound produced by each artist. the demand for such artwork is given by Q = 600 - 10P.
The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 600 - 20 Pl .
Uncle Elmo is contemplating a $10,000 investment in a methane gas generator. He estimates his gross income would be $2000 the first year and increase by $200 each year over the next 10years. His expenses of $200 the first year would increase.
Consider the following total benefit (TB) and total cost (TC) functions and the corresponding marginal benefit (MB) and marginal cost (MC) functions: TB = 150 + 28 Q - 5 Q2 MB = 28 - 10 Q TC = 100 + 8 Q MC = 8 generally MNB = MB - MC. Derive the eq..
Under a fixed exchange rate system, when will speculation by foreign investors be stabilizing? When will it be destabilizing?
what is the median voting outcome? Is there a Pareto preferred outcome?Is there a Pareto preferred outcome?
How much money was deposited each year for 10 years if the account is now worth $500,000 and the last deposit was made 8 years ago Assume the account earned interest at 8% per year.
can a corporations annual profit be predicted from information about the companys ceo? forbes may 1999 presented data
A person has an expected utility function of the form U(w)=w^1/2.He has an initial wealth of $25.He also has a lottery ticket that will be worth $75 with probability 1/2 and will be worth $0 with probability 1/2.
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