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The city government is considering two tax proposals:
- A Lump-sum tax of $300 on each producer of hamburgers.
- A Tax $1 Per burger, paid by producers of hamburger.
A. which is the following curves average fixed cost, average variable cost, average total cost, and marginal cost would shift as a result of the lump-sum tax? why ? show this in a graph. label the raph as precisely as possible.
B. which of these same curve would shift as a result of the per-burger tax? why? show this in a new graph. label the graph as precisely as possible.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
Dependency theory characterizes countries as being either in the center or on the periphery
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
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