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Governments often use a sales tax to raise tax revenue, which is the tax per unit times the quantity sold. Will a specific tax raise more tax revenue if the demand curve is inelastic or elastic at the original price?
Draw a graph to illustrate the following: a. A Phillips Curve based on the assumption of a vertical longrun aggregate supply curve b.
It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products. Many consumers view these products as perfect substitutes, meaning that consumers are always willing to substi..
Given this background, you might consider a recent commercial for a state lottery that stated, "We won't stop until we have made everyone a millionaire" to be deceptive and possibly unethical.
CMOS linewidths have been scaled down steadily by 30% every three years. In the year 2000, linewidths were in the range of 0.18µm. When will linewidth equal atomic dimensions?
Consider a model of the influence of the average number of cigarettes the mother smoked per day during pregnancy on infant birth weight. The following simple regression model was estimated with data on n = 1388 births.
An office manager is concerned with declining productivity. Despite the fact that she regularly monitors her clerical staff four times each day (9am, 11am, 1pm and 3pm) office productivity has declined 30% since she assumed the helm one year ago.
What assumptions could be changed to shift the production possibilities curve?
Verify that the number shown in the table is correct to a single decimal place. b. The level of the CPI in March 2007 was 205.10. Calculate the CPI for March 2008
Suppose that John's preferences for wages and risk (a bad) are given by the utility function: U = W x e-Rwhere e represents the exponential function, W is the weekly wage, and R represents the type of job.
Explain why this firm would not try to sell more output by undercutting the market price. A calculation is not necessary but you may choose to use it as your explanation. What will happen in this industry in the long run
Why is M2 sometimes a more stable measure of money than M1? Explain in your own words using the definitions of M1 and M2.
(Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent.
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