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Suppose the equilibrium price and quantity is established and that that tax is imposed which shifts the supply curve but also changes its slope. Explain how this effects consumers and producers. does slope become flatter or steeper?
Business Economics, Economics
An important decision places Christmas holiday celebrators: To buy real or artificial trees? A market research firm reported that 62% of individuals polled preferred an artificial tree. We conduct independent serving of ...
1. How can you implement a queue data structure using a doubly linked list? Do you think it is necessary to use a doubly linked list rather than a singly linked list or not? 2. If we need a add and delete function that c ...
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?
We have bottles of milk that have a mean of 20 oz and standard deviation of 0.02. What is the probability that a bottle would have a mean of more than 20.3 oz?
Can you someone help me highlight the mistakes and/or half-truths in each of the following statements. a. If one looks at the budget incidence the poor in South Africa benefit most from the budget of government. b. Expen ...
What are the differences between the classic Marx approach to capitalist globalization and the "world systems theory"?
The Food Marketing Institute shows that 16% of households spend more than $100 per week on groceries. Assume the population proportion is p = 0.16 and a sample of 600 households will be selected from the population. Us ...
Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy? (In your response, assume that the minimum wage is an effective price floor and ...
A firm undergoes a learning curve over its first few years of existence In its first year, its cost function is C(Q)= 128 + 3Q + 2q 2 with MC= 3 + 4Q In its second year, its cost function is C(Q)= 100 + 2Q + q 2 with ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As