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Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, depreciation was $812, dividends paid were $285, and the interest expense was $103. What was the cost of goods sold if the firm's tax rate was 35 percent?
Calculate the consumer tax incidence (CTI) and the producer tax incidence of this excise tax. What is the deadweight loss due to this excise tax
As you also know, not every state has taken advantage of this Medicaid expansion. What economic argument can you make for expanding Medicaid? What argument would you make for not expanding? Does the answer change if you're answering from a state l..
Analyzing Visuals Study the production possibilities frontier in Figure. What does it mean when the frontier shifts outward? What possible causes exist.
Explain the spread of so-called classic Gold Standard during the era before World War One. Explain two (2) ways that Central Banks helped maintain the Gold Standard before 1914? Offer two (2) reasons why the Standard operated less effectively among t..
Write a 1,050- to 1,400-word paper that uses two to three economic tools and concepts to evaluate a current issue or situation that exists in today's health care industry.
What property classifications are used? Who is responsible for assessing property values? How often are assessments redone? What assessment ratio is used?
question 1define the concept of opportunity cost in your own words. given an example from your own life of the
Intermediate Microeconomics - ONLY 2 QUESTIONS IN ONE HOUR1.Suppose the demand and supply for milk in the European Union (EU) is given byp = 126 - 0.4Qd and p = 6 + 0.1Qs,
Two candidates’ machines are under consideration. For machine a, initial cost is $100,000, operating benefits are $40,000 per year and useful life is 6 years. The respective data for machine B are 150,000, $50,000 and 9 years.
Why the focus in interest rates and unemployment and why can they keep the interest rates low? How do bond purchases tie in with the interest rates?
4. "I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: A. Irrationality B. Rising real wage C. Deflation always being better than inflation
Use a supply and demand diagram to illustrate the following conditions a. Cost -push inflation caused by a labor union successfully negotiating for a higher wage. b. Demand-pull inflation caused by an increase in demand for domestic products from for..
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