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Choose ONE of the following questions and write a brief response One Page 1) Who would pay a greater share of special income taxes: employers or workers? Explain, considering the price elasticities of supply and demand for labor. Will the deadweight loss from personal income tax in the U.S. be relatively large or relatively small? How does the price elasticity of supply of labor change for higher income workers as compared to lower income workers? Explain your answers, and then discuss how these considerations should affect U.S. income tax law. 2) Some economists argue that the government should only provide goods. All other goods can be provided by the market, with government subsidy if necessary. Do you agree with this statement? Should the government goods that are not quite pure public goods, but share some of the same characteristics? Are there economic reasons for your answers, or are you making other considerations? Explain your answers.
suppose five rational roommates are deciding on a place to have coffee together. there are four alternatives peets
a consummer has a revenue of i dollars. the prices of x and y are px and py. the utility function of the consummer is
What"s wrong with this way of thinking? “Economists argue that lower prices will result in fewer units being supplied. However, there are exceptions to this rule. For example, in 1972
suppose your community has one dominant insurer that negotiates with a bunch of hospitals in your market where a bunch
Choose a United States multinational company. In terms of currency denomination, discuss how the company values its revenues and costs.
When the price fell from $29 to $19, how much did each consumer’s individual consumer surplus change? How does total consumer surplus change?
what do you mean by a social welfare function? if you assume that such a function exists what properties of social
question a discuss the following statement in the real world there is no industry which conforms precisely to the
Edward the entrepreneur takes two hours to cut a lawn, and he cuts 1,000 lawns per year, he use solar powered equipment thw will last forever and can be sold for $20000. the interest rate is 10 perent given his current output level, compute his margi..
Give an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
For the country you have been following this semester, analyze the impact of financial development in its economy. Obtain quarterly (preferably, if not annual) information with at least 35 data points for the following variables:
Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing financial securities at a geometric rate, specifically from $4 to $8 to $16 to $32 to $64 to $128 over a six-year time ..
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