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Widgets are produced by a competitive industry and sold for $5 each. The government requires each widget firm to have a license, and charges the highest license fee firms are willing to pay. If the government were to impose an excise tax of $3 per widget, how much would the license fee have to change? Illustrate your answer as an area on the graph. Would total government revenue (that is, excise tax revenue plus revenue from license fees) rise or fall as a result of the excise tax?
Provide a brief company and product description and describe the characteristics of your chosen product that differentiate the product in the marketplace.
1. explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical
your companys executive vice president circulates a memo to the firms top management in which he argues for a reduction
1. how has technology changed your relationship with specific businesses or organizations such as your bank your school
The demand for energy in the United States is often described as persistently non-cyclical and not sensitive to prices effects. Describe the effect of each of the following on the demand or supply for gasoline.
Is there any difference between the two approaches of the Keynesian theory and the new Keynesian theory in terms of short-run implications? What are the long-run implications on price level and GDP?
How much would each farmer produce in the long run? How many farmers would exist in the industry in the long run and
select a state az or federal us public policy that is of interest to you and is not covered on the syllabus. over the
Can you please provide a real-world example of product (a good or service) which has either an external cost or external benefit associated with it and propose the government policy to adjust for the over- or underproduction of this product.
Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen t..
1. What does it entail?
analyze and comment on economic analyses of health administrative innovations that are germane to the provision of
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