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Question: The government has decided to increase the basic business tax of all firms by 5%. Once again, you are hired as a consultant to a firm, but this firm cannot pass along the cost of the tax increase to its customers by way of a price increase of its product because most customers will significantly reduce their purchases.
Based on what you have learned in your study of microeconomics:
Set forth and describe 2 general courses of action (that could be applied to any firm) you believe would be helpful to the firm in cutting costs to help absorb the tax increase and not suffer any net losses.
What are the 5 islands of Hawaii and List and explain 5 features of EACH island that you like and WHY - What are the capital cities of each one
After reviewing the range of earnings across various jobs on salary.com, it should be clear that income disparity in our economy is considerable. Explain whether or not you believe that the degree of variation is justified.
What will happen to the availability of apartments? Why? What might be an unintended consequence of a rent control wage law designed to help low-income renters?
Does a change in the federal funds rate really have an actual direct monetary influence on the markets or is it nothing more than a perception? Explain.
select a firm whose stock is publicly traded on a u.s. stock exchange. what strategic changes has this firm made over
Based on resale prices for tickets for the 2013 Super Bowl in New Orleans, face - value prices for the most expensive tickets to the 2014 game are expected.
Amazon's "autobot" recommended a book to an economist titled Quality maintenance: Zero Defects through Equipment Management. The book's description is "Achieve zero-defect product quality by eliminating the root causes of your equipment defects
FlyAway Airlines has regular flights between San Diego and San Francisco. It can treat business and pleasure travelers as separate markets by demanding advance purchase and Saturday night stay-over for pleasure travelers.
Consider a supplier of agricultural equipment who is deciding how much of two products should be produced by his firm. You determine what the two products are.
Solve for the optimal bundle using Lagrangian optimiation, and simplify as much as you can. Don't forget to consider both interior and corner solutions.
If the available amount of raw materials and labor are 13,400 pounds and 7,800 h, determine the outputs of A and B.
Define the simple Keynesian multiplier. Describe why a multiplier exists.
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