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Suppose demand and supply are given by
Qxd =7- 1/2Px and
Qxs =1/4Px-1/2
• Determine the equilibrium price and quantity
• Suppose a $6 excise tax is imposed on the good.
Determine the new equilibrium price and quantity
• How much tax revenue does the government earn with $6 tax.
what happens to the amount of debt held by the public. What would happens to the level of gross debt.
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
Calculate the value of the US Balance of Payments and indicate whether it is in a surplus, deficit, or equilibrium.
suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.
Elucidate is the efficient yearly output of paper and how can this be achieved.
q. gains from trade will result if a country specializes ina. the goods in which it have a comparative advantage.b. all
Is there a formula or vice versa a 50% markup on cost is equivalent to a markup on price of what. An answer of 50% for both just seems too easy.
Select one topic from below. This will be the subject you will research you will need to comprise an outline, a rough draft also the final draft.
Elucidate how can you derive an equation describing labor demand in this economy as a function of the real wage also capital stock.
For Firm A, when four units of output are produced, total cost is $175 and average variable cost is $33.75. What would average fixed cost be if ten units were produced.
How to get o/p of SEQ SS in SPSS. When we want to know sequential value which accumulate R square.
Provide an example to discuss how special interests can succeed in perpetuating policies that are opposed by the majority of voters because the costs of organizing and motivating groups to take political action increase with group's size.
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