Reference no: EM132475966
Question 1: If the government places a $500 tax on luxury cars, will the price paid by consumers rise by more than $500, less than $500, or exactly $500? Explain.
Question 2: Please be sure to answer items a, b, and c!
Melissa buys an iPhone for $240 and gets consumer surplus of $160.
a. What is her willingness to pay?
b. If she had bought the iPhone on sale for $180, what would her consumer surplus have been?
c. If the price of an iPhone were $500, what would her consumer surplus have been?
Question 3: What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?
Question 4: What are some arguments in favor of raising the minimum wage? On the other hand, what are some arguments against raising the minimum wage? What does economics suggest that the effect of raising the minimum wage will be on the quantity of entry level jobs available.
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Did you agree with the majority opinion or the dissent
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Why might cooperation emerge from a repeated game
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Calculate the income statement of the gathering sound
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What is the nash equilibrium in the game
: Each quarter, each firm offers a price, and the payoffs are determined according to the table above. The prices offered by each airline are public information.
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What would her consumer surplus have been
: If the government places a $500 tax on luxury cars, will the price paid by consumers rise by more than $500, less than $500, or exactly $500? Explain.
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Appearance of graffiti in a society
: Choose a social science principle (norms, roles, institutions, and beliefs and values) and describe how these might influence the appearance
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Company Performance - Ubereats
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