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Prove MATHEMATICALLY that Marginal Tax Rate is higher/bigger than Average Tax Rate in progressive tax scheme.
Terry, the tenant, has lost heat and water in his apartment. He called Larry the landlord a week ago, but Larry hasn't repaired anything.
Currently, a? monopolist's profit-maximizing output is 300 units per week. It sells its output at a price of ?$50 per unit and collects ?$25 per unit in revenue
Explain why a bundle of goods cannot be optimal (i.e., why some other bundle must be a better choice) if the marginal rate of substitution (MRS) at this point is not equal to the ratio of the goods’ prices. A consumer has a current income of $60, whi..
Suppose that all of the numbered diamonds and spades from a deck of cards (excluding Ace, King, Queen, and Jack) are used to set up a market. The diamonds determine demands, e.g., a 10 represents a buyer with a redemption value of $10. Graph supply a..
Discuss the importance of the Hawkins-Simon conditions in input-output analysis - what values of x will be the function be discontinuous?
Nokia sells a new budget cell phone. Based on information provided by the accounting department, the average variable cost is: AVC = $20 + Q. Find the total cost, average cost, and marginal cost equations. At what level of output is average total cos..
Some economists believe that creeping inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation. Other economists argue that in order to achieve economic growth, some moderate price increases are nece..
One of the major reasons that foreign expatriates have difficulty doing business in the United States is that they do not understand American slang. A business executive recently gave the authors the following three examples of statements that had no..
If the federal government increases government purchases and lowers taxes at the same time, does the budget deficit increase or decrease? Discuss briefly with graphs
When a leading developing country defaults on its loan to foreigners, discuss (with the aid of loanable funds market diagram) why interest rates will rise on bonds issued by many other developing countries.
Explain how much difference can a logo make on two shirts which are otherwise identical. Illustrate what type of market is this.
Describe the three levels in data warehouse architecture. Then identify characteristics of data warehouse data.
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