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1. Please identify and discuss advantages and disadvantages of structuring a business as a partnership versus a corporation.
2. How have state LLC laws changed the effectiveness of a partnership from both a legal and taxation point of view?
Compute the percentage that alter in quantity demanded of plane rides and train rides.
Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
The Potomac Range Corporation manufactures a line of microwave ovens costing $500 each. Its sales have averaged about 6,000 units per month during the past year. What is the arc cross elasticity of demand between Potomac's oven and the competitive Sp..
In the short run, what is the profit-maximizing price of e-books relating to do-it-yourself topics? At the profit-maximizing quantity, what is the average total cost of producing e-books?
Illustrate what monthly profit would she realize with that level of business during the next 3 years.
According to a study of US cigarette sales between 1955 and 1985, when the price of cigarettes was 1% higher, consumption would be 0.4% lower in the short run and 0.75% lower in the long run (Becker et al., 1994).
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
Saudi Arabia has a comparative advantage in producing oil because it:
Define the equilibrium price and quantity.descibe the situation at a price of $10.00.what will occur.
Why is there a social cost to monopoly power? If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated?
Illustrate what is the estimated KWH also illustrate what is the interval which would contain 95 percent of such estimates.
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms..
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