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Suppose the country club bills based on a sample of 4 members are: 357, 950, 749, 586. What is the average bill for these members?
Assume your marginal rate of substitution between goods 1 and 2 is −1. If your consumption choice is optimal, A generic good is taxed. Who bears more of the burden of the tax, producers or consumers? (a) It depends on whether supply or demand is more..
Draw a supply and demand showing a market with an initial equilibrium price of $2, and an external cost of 30 cents per unit. Suppose the government imposes a corrective tax of 30 cents per unit that raises the equilibrium price by 10%. Show the new ..
Illustrate effect, if any, do you think fiscal policy had on the changes to these line item spending amounts.
If 5 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated?
An individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged.
Suppose the United States levied a 20% tariff on imported cars. Explain the effects on:
If demand is estimated to be Qd = 240 - 6P, the marginal revenue function is
If the bond matures in five years and Jerry can buy one now for £3500, elucidate what is his IRR for this investment.
Assume that higher taxes discourage people from working. Further assume that the SRAS is upward sloping because of the Imperfect-Information theory. a) Imagine there is a tax cut. What would be the impact on the AD, SRAS and LRAS curves? b) What is t..
Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.
on the planet omicron persei 8 government spending is 1000 net taxes are 1200 as well as planned investment is 1400.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
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