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What is meant by tax incidence? Does it matter for the incidence of a tax on the sale of a good if the tax is placed on the seller or if it is placed on the buyer of the good? Explain.
Robinson's demand for pineapples is given as Q = 40 - 4P while Friday's is Q = 20 - P. Supply is given as Qs = 6 + P, and Pc = $1. Find equilibrium price, equilibrium quantity, and the amounts Robinson and Friday will both end up consuming.
When there is an increase in the expected rate of inflation, will the nominal and real interest rates on new loans increase, decrease, or stay constant?
elucidate explain why the cost structure associated with many kinds of information goods also services might imply a
The Pacific Northwest possesses an abundance of dams producing cheap hydroelectric power. Consequently, electricity prices are lower than the rest of the United States, and Northwest consumers use more electricity on average than consumers in other r..
What is opportunity cost of cheese in France at 2 kilograms to Germany 1 kilogram? Which country France or Germany has comparative advantage in cars at France .25 and Germany .50 output per hours worked? And cheese France 2 kilograms, Germany 1 kilog..
A chemical company determined the need for a chemical additive that will improve their product by 20%. The company’s CEO arranged to purchase the additive through a 5-year contract at $7,000 per year, starting 1 year from now. He expects the annual p..
Summarize the corporate ethics statement, statement about social responsibility, and sustainability statement. If none exist, report what you believe are these unwritten statements or code of conduct based on what the Proctor & Gamble says about itse..
Suppose, initially, the interst rate parity condition holds. Then at some point, U.S. interest rates are 4 percent more than rates in the EU. a) Would you expect the dollar to appreciate or depreciate against the euro, and by how much? b) If, contrar..
An office supply company has purchased a light-duty delivery truck for $16,000. The truck will be depreciated under the MACRS with a property class of five years. The truck’s MV is expected to decrease by $1,500 per year. It is anticipated that the p..
q1. research the current demand for a good or service of your choice. collect information that will affect the demand
Explain if an organisation that forecast future sales and develops a budget on the basis of these forecasts conducting marketing planning?
Which of the following will not cause the MPL to increase?
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