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Suppose that the for every 10% increase in the price of gasoline, consumers will decrease the quantity demanded by 1%, and suppliers will increase their supply of gasoline by 9%. Next, suppose that there is a $0.50 per gallon tax on gasoline, and after the tax quantity exchanged in the market is 15 billion gallons of gasoline. Given this information, what is the total government revenue from the tax? What is the consumer and producer tax incidence (how much of the tax revenue would have come from consumers, and how much from suppliers)?
The company pays a $2 annual cash dividend. After a year has passed the seller cover a short position of $42. Then what is the percentage return on the position?
how are the calculations made for this problemthe table below shows the demand and supply schedules for mouse padsprice
A U.S.-based MNC imports 30 percent of its supplies from Europe. Exports to Europe, which are invoiced in Euros, account for approximately 50 percent of its revenues. Explain how the MNC can reduce its economic exposure to exchange and interest rates..
10. The following questions pertain to a merger wave in American business that occurred from 1897-1903. a. What kind of merger characterized this wave of business mergers? What were the benefits of this type of merger?
Economic factors: gross domestic product (GDP), inflation, interest rates, unemployment - Elasticity of demand
The association between excess weight and higher absences, medical fees, and benefit costs is clear. What is the meaning of this relationship regarding weight.
What is the socially optimal capacity? What would be the optimal prices at this capacity? Why does Pd > Pn? If PPPC had access to this technology, but still had the capacity of part (a), what would be the socially optimal prices?
Is it possible for many firms to sell exactly the same product, and still be in monopolistic competition? Be precise and describe in detail.
Which of the following is true of the requirements for ratification to be effective? When an agent commits a crime: Constructive notice:
Show the SPNE strategies - If the game was played twice, would playing in the first period be a subgame perfect equilibrium first-period outcome? Explain why or why not.
From 2000.3 through 2002.2, real growth slowed down substantially in the US economy, which was in a recession during most of 2001.
Determine what fiscal policy measure has a more direct impact to the economy. Is it an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month?
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