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What percentage of a tax would consumers pay in the following situations? a. Price elasticity of demand is .5 and price elasticity of supply is 1. b. Price elasticity of demand is .5 and price elasticity of supply is .5. c. Price elasticity of demand is 1.5 and price elasticity of supply is .5.
The median household income in Louisiana is approximately $52,000 per year, while the median household income in Massachusetts is about $79,000. From the perspective of trying to maximize your income per capita, which state will have higher increases..
In the long-run, a firm’s cost of production are shown by the long-run average cost curve. What forces explain the typical shape of the long-run average cost curve? How are the law of diminishing returns and diseconomies of scale different?
Choose a country other than the country in elucidate which you currently reside elucidate which has not already been selected by another student also research the EIU country data.
Identify which strategies survive iterated elimination of dominated strategies. Identify the pure strategy Nash equilibrium for the game. Construct mixed-strategy Nash equilibrium for the game.
Mrs. S. came to the clinic with her husband. Mrs. S. is 35, but looks much older. Her hair was unkempt, and she walked slowly and with a stooped posture, as though she were carrying a heavy burden. Her face showed little expression although there wer..
What should be a firms goal when managing foreign exchange and associated risks? How might the firm reach these goals?
A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 10% or down by 10%. The risk-free interest rate is 8% per annum with continuous compounding. What is the value of a one-year European put option w..
Explain how you think these trends have affected our overall economic well-being (think unemployment, wage rates, etc.) in recent years.
In terms of a firms MRP of labor, explain why the firm will only hire the next worker if that worker can make the firm money.
If a perfectly competitive firm is incurring a short-run loss, it
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
GPI is a highly objective alternative to GDP. The main flaw with GDP is that it only includes final goods and services not primary and intermediate good production. Net Domestic Product is GDP after taxes. Over time, the U.S. economy seems to grow ab..
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