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Question 1: Why do some economist favor raising all tax revenue through labor and or consumption taxes?
Question 2: Why might one NOT want to raise all revenue through labor and or consumption taxes?
Spalding Doughnuts wants to know about its waiting line. Currently, Spalding Doughnuts uses a single-server, single-phase system when serving customers. What is the average number of customers waiting in line? What is the probability of having more t..
Suppose two firms are competing in prices (Bertrand) in an industry where demand is p=200-4Q. If both firms have MC=120, what is the equilibrium quantity for each firm? Profits? Suppose one firm has MC=120 and one has MC=100. Approximately how much p..
q1. analyze the following statement and illustrate how would happen in the long run if such advice were followed by the
Does overvaluation (undervaluation) of As currency reflect a major capital inflow (outflow) into country. What can you find with respect to financial account of balance of payments to substantiate that interpretation.
The Dominion Freight Company has invested $50,000 in a new sorting machine that is expected to produce a return of $7,500 per year for the next 10 years. At a 7% annual interest rate, is this investment worthwhile?
Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1983 through 1987. Complete the table by calculating the trade surplus or trade deficit both in absolute (dollar..
Hong Kong dollar, and the one-year forward exchange rate is 9 yen per dollar. Determine whether or not there is an arbitrage opportunity and, if possible.
How is the PCE calculated? What is the difference between the PCE and the GDP deflator? What is the difference between the PCE and the core PCE?
Uber is a company that offers people transportation by drviers who use their own cars for this purpose. Customers pay for their rides with their smartphone apps. Uber's prices fluctuate with the demand for the service. This "surge pricing" can result..
In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000).
Marginal benefit is defined as:
Suppose the demand function is Q = 200 - 2p. Firm A, the leader, acts before Firm B, the follower. Both firms have a constant marginal cost of 10. Draw a diagram with Firm A’s output on the horizontal axis. Show the best-response function of Firm B. ..
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