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Why are local tax bases more elastic than national tax bases? Give an example, and explain other possibilities that may make the tax base more elastic.
A competitive, unregulated market would. Utility is the. Externalities
How is it possible that in perfect competition some firms have economic profits equal to zero while others have a positive economic profit. Can they have a positive consumer surplus? Isn't it a contradiction?
A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?
The relationship between the less- developed- countries and the developed countries in the evolution of international trade has always been a bit strained. Discuss this relationship, including policies adopted and /or advocated by each group to "help..
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
Find the profit-maximizing price and quantity in each market and in which market is demand more elastic?
What is the relationship between a perfectly competitive firm's MRP curve for an input and that firm's demand curve for that input?
Assume that a consumer has the utility function U(x,y) = 3x+y, where x and y represent the quantities of two goods, X and Y. The consumer has I=$60 to spend on the two goods, and good Y costs py=$2 per unit. The price of good x, px, is also exogenous..
Should there be an increase in regulation enacted to cause companies to better market their products and services? Why or why not? Provide an example to support your response.
Assume a linear town with 100 potential costumers that are uniformly distributed on a unit mile. What are the prices each store will charge for hamburgers? What would their profits be? (b) Intuitively, would both stores be happy with their price and..
sketch a production indifference curve indicating that CCC can produce no more than 1,000 containers with this expenditure.
The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.
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