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The market for a particular good is described by the following demand and supply equations respectively: QD = 448 - 3.5P and QS = 2.5P - 80. Consider that after much discussion among policymakers and following a final vote, the government implements a 20% ad valorem tax on sellers of the good. The market adjusts and is currently in equilibrium.
After the tax is implemented, what quantity of the good is traded? What price do buyers pay and what price do sellers receive?
How reliable is the Internet as a source of information for your research? What are the ways you can validate information that you find on the Internet? Why is this necessary? Use examples from the Information Literacy module you reviewed this week.
In 1982, 13 percent of 21 year olds were attending university. In 2004, 26 percent of 21 year olds were attending university. What effect will this increase have on Canada’s economy?
A production function shows the relationship between inputs and an output. Consider a short-run production function for your own academic success. What would you measure as the output? Describe at least four inputs that would affect your academic ..
Assume income is constant, Px decreases to 1.5, and Py decreases to 0.75. This change in prices is equivalent to changing income by what dollar amount?
Let's also assume the current debt and equity values are at Target's optimal capital structure. 1. Based on market value estimates.
In an effort to increase output the government could try to increase the employment, or try to raise capital stock or improve technology. If the government chose to lower taxes in an effort to increase the labor supply, how could this get in the way ..
Please discuss your thoughts on the effectiveness of the government's actions during this time to prop up our financial markets
Which of the following is (are) true about the loanable funds market?
A road costs $450,000 to build and $12,000 per year for street cleaning. The road is re-striped every 2 years for $28,000 and repaved every
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
Under what conditions should a manager use each of the following rules/options for pricing decisions: (a) Maximax Rule; (b) Maximin Rule; (c) Minimax Regret Rule; and (d) Equal Probability Rule? Also address the potential pitfalls of using each rule.
Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle.
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