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In the simple land of Rabushka, there is only one tax rate, 20 percent, but workers don't have to pay tax on the first $10,000 of their income. For every dollar they earn above $10,000, they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
In this forum we discuss the different arguments that are made in favor of international trade protectionism and the important role of the politics of protectionism.
Suppose that the price of the firm’s product is $20. What are the firm’s marginal and average revenue product functions? What is the firm’s short-run demand function for input Z.
Considers a consumer who suddenly changes her preferences with regard to air travel,
How much does New York job have to pay in order for two salaries to represent about same purchasing power. When box office receipts are corrected for inflation, No.
Illustrate what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2.
change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers.
Elucidate how does the price of fertilizer compare to the average total cost, the average variable cost also the marginal cost of producing fertilizer.
Elucidate why your answer to part (a) is an example of marginal analysis also optimizing behavior in general.
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
Find out the net demand curve facing firm A. Describe A's optimal price and output. Explain how much output do the other firms supply in total.
If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
Consider a small country that exports steel. Assume that a "pro-trade" government deicdes to subsidize the export of steel by paying
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