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Your state has a retail sales tax of 10% but it exempts food, prescription drugs, and all services including housing services, repair services, and consumption of electricity and other public utility services. Use supply-and-demand analysis to explain how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation. How can changes in the prices of nontaxed items affect the incidence of the retail sales tax?
Expalin why is the depreciation of capital good a cost of society
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
Firm manufactures bicycle component upgrade kits. Kits have a short-run average variable cost of $48 and are sold for $66 each. What is breakeven level of daily output for firm.
according to the midpoint formula, the value of price elasticity of demand for Pepsi-Cola.
Explain how are protectionist policies from other nations predicted to affect China's relative supply and relative demand.
Which of the subsequent represents a positive macroeconomic statement. Assume the United States can produce Toyotas at the cost.
Consider a perfectly competitive market. Analyze and explain in detail using graphical tools to show what you expect to happen to number of firms and firm profitability in the short run and long run.
Illustrate what happen if her actual disposable income is $16,000, her level of consumption or saving will be.
Elucidate how can you derive an equation describing labor demand in this economy as a function of the real wage also capital stock.
Assumes the perfectly competitive firm is in long-run equilibrium also there is an rise in Demand
Elucidate how can tax cuts help revive the economy. Write your individual answer to the question listed above minimum 300 words in essay format in APA style.
Describe pressures that currency would face due to increasing oil prices. Will this response by central bank increase or decrease foreign reserves.
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