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Figure 1 illustrates the market for chocolate bars. If a new tax of $1.50 a chocolate bar is imposed, what is the change in the quantity of chocolate bars bought, who pays most of the tax, and what is the deadweight loss?
A local municipality has issued a request for proposals to conduct a feasibility study to design, implement, and sustain a recycling program in a small town. As PM, you need to develop a bar chart to assign responsibility and maintain a project sc..
Draw a graph to show the effects of the maximum price on the gasoline market. Label the initial equilibrium point as a and the point that shows the quantity supplied under the maximum price as b.
Consider the discrete-time perpetual youth model discussed in Section 9.7 and assume that preferences are logarithmic. Characterize the steady-state equilibrium and the equilibrium dynamics of the capital-labor ratio.
Government wants to increase its spending. How big increase in G can government afford if it does not want investment to fall below the level found in part A?
Sara has $12 to spend on popcorn and cola. Popcorn is $3 a bag, and cola is $3 a can. Figure 1 illustrates Sara's preferences. Use Figure 1 to work Problems.
if the rate discount is 20 percent, A. would you rather receive $ 100 today or $ 120 in one year B. would you rather receive $ 205 today or $ 240 in one year C. would you rather receive $ 500 in one year
A natural spring runs under land owned by ten people. Each person has the right to sink a well and can take water from the spring at a constant marginal cost of $5 a gallon. Table 2 sets out the marginal external cost and the marginal social benef..
Assuming that people hold no currency, what happens to each of these values if the central bank changes the reserve requirement ratio to 3%, banks still want to hold the same percentage of excess reserves, and banks don't change their holdings of ..
Since elasticity changes as you move up and down the demand curve, how can the marketing manager know whether demand for a product is elastic or inelastic?
Using the marginal cost and new marginal revenue numbers in Table 1, find the number of beds Ned should sell.
If the cost function for John's Shoe Repair is C(q) = 100+10q-q^2+(1/3)q^3, what is the firm's marginal cost function What is its profit maximizing condition if the market price is p What is its supply curve
Assuming that λ 1 is a necessary condition for a market for used cars to exist.
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