Graphically represent the following: a. A corrective tax that achieves the socially optimal output b. A corrective tax that moves the market output farther away from the socially optimal output than was the case before the tax was applied Arnold, Roger A.. Economics (p. 812). Cengage Learning. Kindle Edition.
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Business, 22.06.2019 05:50
1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls
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Business, 22.06.2019 23:00
What is the purpose of the us international trade association?
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Business, 23.06.2019 07:40
Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?
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Business, 23.06.2019 14:30
Xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have? question 8 options: sole proprietorship general partnership limited liability company corporation
Answers: 3
Graphically represent the following: a. A corrective tax that achieves the socially optimal output b...
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