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Question 1:
i) What is a public good? Discuss how the free rider problem might be a problem in the provision of a public good.
ii) What do we mean by ‘‘market failure''? Explain the different types of market failures that may arise in an economy.
Question 2:
i) How will you identify a good tax system?
ii) Describe the different components in the budgetary process of the Mauritian Government. How will you justify the present budget deficit?
case analysis on The Myth of Public Goods by Mark Davis (2010); the Journal of Libert
Explain the motivations behind debt covenants: You are engineering a Leveraged-Buy-Out (LBO) of ACME Industries, an industrial bottle maker. After the LBO, the firm will be fina
1. Don and Harvey began operations as a partnership on October 3, 2010. The company spent $60,500 on organization costs that year. How much can the company deduct in 2010 relatin
1. L has business assets worth $6,000,000, NOL carryovers of $1,000,000 expiring in 14 years, and NOL carryovers of $1,400,000 expiring in 15 years. 100% of L’s stock is worth $8,
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"Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2010. Alfred and Beulah will file a joint return for 2011. Alfred''s Social Security number is 111-11-1111.
Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $24 million, of which 80% has been depreciated. The used
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Use the following information to complete Phillip and Claire Dunphy's 2012 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ign
c program to input the salary and output payable tax using the following information salary tax 10,000-20,000 2% 20,000-35,000 4% 3
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