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The government wants to raise $50 a month from John Doe. A $1sales tax per package of cigarettes will raise the required revenue as will alump-sum tax of $50 per month. (With a lump-sum tax, John has to pay$50 regardless of how many cigarettes he buys or regardless of what hisincome is.)A. Which type of tax will John prefer - the sales tax or the lump sumtax? Explain carefully. ("Explain carefully" means that you should use thetools of indifference curve analysis.)B. Will he smoke more cigarettes with the sales tax or the lump-sumtax? Explain carefully.
How much output should the firm produce in the short-run and what price should the firm charge in the short-run - what are the firm's short-run profits
1. college education provides higher income for the individual but also a more productive and more educated person who
What happens to consumer surplus and what happens t o the economic profits earned by Widget Corp.?
today is april 1 and you have received the following budget printout. your charge nurses are requesting an additional
Trish, a middle manager, has been employed with the company for over 5 years. She attends the annual prospecting meeting where the company executives and managers discuss ideas and the direction the company needs to take in the following year. Trish ..
What are profits if the firm chooses the profit-maximizing price and what are profits if the firm chooses a penetration price equal to marginal cost?
can someone please help me do a ppf graph as well how to get the following calculationscorn
Discuss the context of legislation - name the expected demanders and suppliers as outlined in our textbook and describe the expected interest groups and there specific arguments.
Define these terms in your own words as if explaining them to a business owner and Then, discuss how these terms individually apply to both supply and demand and to a business owner who is contemplating expanding internationally.
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week - Describe and derive an expression for the marginal cost curve.
what you must give up to get something; what you are willing to give up to get it. the amount of money that you pay on the margin; the amount of money that you receive on the margin. what you are willing to give up to get it; what you must give up to..
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