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The state of Pennsylvania is considering increasing taxes in order to raise funding for a new Punxsutawney Phil theme park. The government is concerned about the deadweight losses that could result from the new "Punxsutawney tax." Currently the two potential taxes are (1) a sales tax on fruits and vegetables purchased at farmer's markets, or (2) a sales tax on cigarettes. Which good should the government tax if they wish to minimize the deadweight losses of taxation? Your answer should be based on elasticities and nothing more.
taxicab fares in most cities are regulated. several years ago taxicab drivers in boston obtained permission to raise
chidnma is retiring this year. beside social security he will have a 500000 retirement fund to draw from. the
If nominal wages and productivity increase by the same amount throughout the macroeconomy, would you expect aggregate supply to increase, decrease, or stay the same What if productivity increases more than nominal wages
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Using the results obtained above, derive a table for the long run costs of the various levels of production of sweaters (10, 20, 30, 40). The table should show: quantity, total cost, average cost and marginal cost.
the cost of pollution in billions of dollars originating in the paper industry is cp2p p2where p is the quantity of
1. lenders perceive that you are risky so you must pay 12 percent annual interest to borrow from one of them. you only
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What one can expect from managerial economics class? How will one can contribute towards the success of the class and what are the expectations from other fellow students and the instructor?
A firm that acquires a substitute product can reduce inter-product cannibalization by
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand.
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