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How is it possible for some people to pay "negative" taxes?
Why is it important to distinguish between deficits and debt?
Why may a budget surplus be considered undesirable?
To increase the money supply, the Bank of Canada can:
If it decrease the percentage of its output devoted to capital goods, then its rate of growth will tend to increase. Its production-possibilities curve will shift to the left or its rate of growth will tend to decline.
Two identical firms compete in competition (Cournot competition) in the same market where the inverse demand is P(Q) = 100 − Q. The constant marginal cost of both firms is 10. Find the best response function for each firm. What is the Cournot (simult..
Apply supply and demand analysis to price determination and predict changes in supply and/or demand. Analyze the effects of elasticity on consumer and business behavior.
1. Based on research, summarize the economic booms that India and China enjoyed within the past few decades. What economic policies do they have in common?
The following table summarizes information which are associated with three new 3D Printers being considered for use in a manufacturing plant. Note that M&O stands for Maintenance & Operation Cost.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
q1. if one defines incremental cost as the change in total cost resulting from a decision and incremental revenue as
Assume that the price of x is $2 and the price of y is $1 and Brian has an income of $10. How much does he consume of each good? Assume Brian's income increases to 20$, calculate his demand for each good and explain whether Brian considers x and y to..
For good A, the demand curve is given by Qd = 40 – P. The supply curve is given by Qs = P. When the market is at equilibrium, what is the value of consumer surplus? (Hint: To solve this problem, you will need to calculate the area of a triangle.)
A friend of yours just bought a new sports car with a $4,000 down payment, and her $25,000 car loan is financed at an interest rate of 0.25% per month for 48 months. After 2 years, the "Blue Book" value of her vehicle in the used-car marketplace is $..
Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to r..
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