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What is the Second Welfare Theorem? Which kind of tax system will cause least distortion by Second Welfare Theorem?
Calculate the price elasticity of demand for frozen orange juice between the prices of $2.00 and $3.00. Is the demand elastic or inelastic?
q1. suppose demand function for good x is estimated to be qx 8000 - 400px 200py 0.5inbspi average income px price
Explain what Marx meant by "the laws of capitalist motion." Have we seen any historical evidence in the US economy that these laws
When an economy is under autarky the price of eggplant is $5. The world price of eggplant is $3.50. If opened to the world market, would consumers or producers benefit? Would consumers or producers lose? Explain your reasoning (using a graph would be..
A wealthy businessman wants to start a permanent fund for supporting research on sustainability. The donor plans to give equal amounts of money for each of the next five years, plus one gift now (i.e., six donations in total), so that $100,000 per ye..
In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in form of currency (and thus two-thirds as bank deposits). Banks hold a third of their deposits in reserve. What are the reserve-deposit ratio, the currency-d..
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
Illustrate what is the difference between absolute advantage and comparative advantage. If a country has an absolute advantage in both goods.
Explain in detail what the United States of America's national debt is? i.e What is the US national debt?
How do differences in manufacturing, costs affect which industries would be most likely to be affected by the removal of patents?
Elucidate how much in revenues do businesses receive in the product marketplace.
Avocado farmer, Mrs. Henny Brown is worried about wealth transfer also unjust taxation.
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