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What are the five characteristics of a good tax system? How well does the U.S. tax system fare in terms of these criteria? What is the difference between horizontal equity and vertical equity? What is the difference between a progressive and a regressive tax?
You are planning to purchase your first home five years from today. the required down payment qill be $50,000. you currently have $20,000, but you plan to contribute $500 each quarter to a special savings account until you purchase the home.
How does your state's performance compare to the U.S economy's performance over the last year? What explanations have been offered in the press? How accurate are they?
Illustrate the supply and demand curves graphically, and compute the skill premium going to the high-skill workers in the short run by solving the two equations.
Suppose that the production function for the corporate sector is well represented by the Cobb-Douglas production function: Y=K^0.3L^0.7 Suppose that the capital stock of the firm is K bar= 10. Show that the demand for labor is given by W/P= 1.4L^-..
Suppose that your rich uncle has $1,000,000 that he wishes to distribute to his heirs at the rate of $100,000 per year. If the $1,000,000 is deposited in a bank account that earns 6% interest per year, how many years will it take to completely dep..
Suppose Market Demand is given by Q=50-2P, Market Supply is given by Q=P-10. Now the government decides to impose a lump-sum unit tax on the producer. The amount of tax will be 3 dollars per unit.
How does a monetary expansion (in an economy with flexible exchange rates) affect net exports?
Widgets are supplied by a perfectly competitive market. The marginal internal cost function is given MCI(Q) = (1/2)Q. Unfortunately, production of widgets also produces pollution, which has a marginal damage to society given by MCX(Q) = Q
Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average. Referring to the table above, is this an example of a prisoner's dilemma game
Has your company moved to this training strategy? And if so, what are your thoughts on its success? If not, what are your thoughts on its advantages and disadvantages?
What is her economic profit at the shut-down point?
An auto-part manufacturing company is considering the purchase of an industrial robot to do spot welding, which is currently done by skilled labor. The initial coast of the robot is $250,000, and the annual labor savings are projected to be $140,0..
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