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Question: If coffee costs $4.00/cup and tea costs $2.00/cub, and coffee is taxed at a rate of $1.00/cup and tea faces a 25% value tax, graph Matt's choice set given his $80/week limit on spending on coffee and tea. What is the slope of this budget constraint in the presence of these taxes?
Describe the profit maximizing (or loss minimizing) output for this firm. Explain why or why not there is an economic profit? Explain why a firm in pure competition is considered to be a "price taker."
Explain how "market based policies" might be used to solve the problems of externalities, Be sure to define all terms and identify the origins of any theories you use - Reconstruct what happened from 2006 through 2012 as it relates to microeconomic..
Consumers make decisions based on:
Normal 0 false false false EN-US X-NONE X-NONE Sheila takes out a $20,000 ..
Increase in government spending
Why is rejection of the null hypothesis using a t test a more specific statement than rejection of the null hypothesis using the appropriate distribution-free test?
In the middle of the fourth column it says the SPR is releasing only "sweet" crude. Why should this type of crude attract more interest from buyers? What price premium does "sweet" crude usually receive?
Why is it that we can assume that the price elasticity of demand for Noah's Bagels is inelastic? If the price pf a plain bagel at Noah's rises from 99 cents to $1.12, what can Noah expect to happen to the percentage of bagels purchased?
What is the Optimal Consumption Rule? Explain why this rule must be satisfied for utility to be maximized. Explain either the theory of Rational Ignorance or the Median Voter Theorem.
First Bank has total deposits
Describe the techniques you decided to use and their justification. Discuss the statistical outcomes and their interpretation.
Think about what you would be doing if you weren't in class. The alternatives are infinite and computing the cost of them all is impossible.Calculate (in $$) your opportunity costs of sitting in class.
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