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Is raising the federal gasoline tax the best way to fund highways? The 18.4 cent per gallon tax-the main source of funding for roadways-is raising too little to fix our infrastructure. Gas tax revenue has fallen because fuel-efficient cars have reduced drivers' fuel purchases. Drivers are opposed to raising the gas tax, so would a tax on miles driven be a far better and fairer way to fund roadways?
Would a tax per mile driven be fairer than a tax per gallon of gasoline? Which tax would be more regressive? Explain your answers
If there are fewer than four machines, this employee can use her extra time in other productive ways. Draw an isoquant for checking out 200 customers an hour where the variable inputs are checkout clerks and self-scan checkout machines.
What is driving the real price of gold? Conduct an analysis of demand and supply shocks in the gold market. Need 20 bullet points along with data and its source
For each of the following cases, calculate the arc price elasticity of demand and state whether demand is elastic, inelastic, or unit elastic. When the price of milk increase from $2.25 to $250 per gallon
An airport needs a modern material handling system for facilitating access to and from a busy maintenance hanger. A second-hand system will cost $75,000. A new system with improved technology can decrease labor hours by 20% compared to the used sy..
John runs the only carwash in town; he is a monopolist. John estimates his daily demand for carwashes is given by the expression Q = 100?4P, where Q is the number of carwashes drivers will purchase at price P. It costs John $5 in electricity, soap..
Explain why the futures prices are not generally equal to the spot price-the price paid today to receive the foreign currency today. See whether you can explain the difference between the relationship of spot and futures prices for the pound and y..
Here we investigate a particular example of the model studied in Sections 9-2 and 9-3 with no government. Suppose the consumption function is given by C 100 .8 Y , while investment is given by I 50.
What trends do you see in the data sets? Support your assertions of the trends with statistical evidence. Cite all of your sources correctly and include a reference list, both in APA style.
A certain area has 7500 workers who are willing to work at any salary. The area has two places of employment, A and B. At A, the value of the marginal production of the workers is w = 1800-0.1L At B, it is w = 1800-0.2L
A certain medical device will result in a estimated $15,000 reduction in hospital labor expenses during its first year of operation. Labor expenses (and thus savings) are projected to increase at a rate of 7% per year after the first year.
How does this forecast differ from that which would result from a perfect-foresight model? d. Is this forecast better or worse? Explain.
Suppose that a firm faces a demand curve that has a constant elasticity of -2. This demand curve is given by q = 256/P^2. Suppose also that the firm has a marginal cost curve of the form MC = 0.001q. a) Graph these demand and marginal cost curves
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