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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.
Using the midpoint method, what is the cross price elasticity of the demand for apple juice with regard to the price of orange juice
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hat same article reports that shakeup of upper-management is over at U.S. industries and that over next decade re will be a nationwide surge in demand for MBA's. How will se events affect your industry's ability to expand its own base of MBA's.
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Define the equilibrium of a market. Describe the forces which move a marketplace toward its equilibrium.
illustrate what will be profit-maximizing or loss-minimizing output, Elucidate. Illustrate what economic profit or loss will industry realize per unit of output.
Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
Assume the economy is in short and long run equilibrium before the supply shock. Use the aggregate/ demand aggregate supply model, the Keynesian cross model and the modey market model to verbally and graphically explain
Another alternative donation scenario is to deposit $25,000 now in a savings account with a guaranteed rate of return of 5% per year compounded monthly. Each month your company will withdraw $1000 from this account and donate it to Children's Hosp..
elucidate classical economists stressed the long run?its your birthday and your uncle opens his wallet and gives you a
If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium.
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