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You are chairperson of a state tax commission responsible for establishing a program to raise new revenue through excise taxes. Would elasticity of demand be important to you in determining those products on which excises should be levied? describe.
Microeconomics, Economics
Question: The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received by the seller/auctioneer they are different. What is this ...
Question: A house was bought for $200,000 using a 20 year mortgage at 12% interest rate. After the 120th payment it was refinanced with 6% interest rate mortgage for 10 years. What is the reduction in monthly payments? T ...
Question: National Circuit Boards Inc made 20,100 printed circuit boards in December consuming the following resources: Labor: 6,000 hours at $17.00 per hour What is the labor productivity per hour for these circuit boar ...
Question: Australian are considered generally under-insured (from a personal insurance perspective). Discuss what this statement means and what are your views on how this can be addressed. The response must be typed, sin ...
Quesiton: In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States. In a critical essay, elaborate on the costs and benef ...
How would I draw the graph of a budget constraint for a family choosing between a public and private school?
Question: Why does marginal analysis work (i.e., allows a firm to determine the correct level to produce where it maximizes profits or minimizes losses)? The response must be typed, single spaced, must be in times new ro ...
Question: A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing price (P)? The response must be typed, single spaced, must be in times new roman fon ...
Question - Please recall one example from your life where you bought a product that you did not really need and you regretted after the purchase. What motivated you to buy the product? Why did you regret? Your discussion ...
Question: 1. Mainstream American culture is largely based on the traditions of another culture. Which culture? Why? What are some elements of our culture that provide evidence of this influence? 2. Describe the role of e ...
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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