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Question: Suppose an existing tax is levied at $1 per unit, and the tax increases by 20 percent to $1.20 per unit. Say that the equilibrium size of the market (the tax base) shrinks by 4 percent in response to the tax increase. Based on the above information what is the marginal cost of public funds?
In order to protect consumers from predatory business practices, governments in open-market economies often establish antitrust laws.
Marginal cost curves have the same shape, though this may be harder to see since most of the marginal cost curve is increasing.
What must be true about the exponents in the Cobb-Douglas utility functions for consumers A and B to generate a linear contract curve? Describe your procedure and explain your answer.
The demand for tickets at each game is q = 100,000 - 6,000P. If the capacity of the stadium at that university is 40,000 seats, what is the revenue maximizing price for this university to charge per ticket? I already know the answer is $10. I need..
Transport International Incorporated (TII) is purchasing a new heavy-duty tractor-trailer truck for $250,000 and installing some special equipment on it.
How do you think the principles of price elasticity of demand might be applied to the pricing of public goods? Explain your reasoning and assumptions, as well as how it might affect efficiency.
Determine the final translational velocity of the vehicle. Give your result in algebraically simplified form.
1.what economic problem is the nation facing?2.what would be the goals of your fiscal policy?3.what exact fiscal policy
How much producer surplus when there is no price floor? Show your calculations. What is the total surplus when there is no price floor?Show your calculations.
Use the first principle of induction (on the number of subwords in the word) to prove that any word in this language has an even number of o's.
Explain why a bad outcome can occur from a good decision. Can a firm benefit from a transaction that produces a negative expected return? Explain.
Using this demand function, find the total revenue function. What is the shape of the total revenue function? What is the highest possible total revenue.
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