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From the $220 that Barry takes home, he pays $70 in income taxes. Based on this information, compute Barry's contribution to the following measures of income.
How will the central bank respond in order to maintain the fixed exchange rate? Will the central bank response offset or reinforce the impacts of the tax cut?
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates, investment spending.
The sum of the compensating variation and prots lost provide one measure of the welfare loss associated with the gasoline tax. Compare this total loss to the revenue produced by the tax.
Suppose that consumers value gasoline because, if they own a car, it allows them to produce travel services according to. Derive the consumer's Marshallian demand for gasoline.
What is the actuarially fair price of insurance? What price are individuals with $5,000 in the bank willing to pay for the insurance? Will those with $5,000 in the bank voluntarily purchase insuranc
What happens to the value of resources when losses are present? (4) If a firm making losses goes out of business, is this bad? Why or why not?
If you have insurance that covers HIV-related illness, suppose that the probability of getting HIV is 2%. Calculate the premium of the second policy. Show your calculations.
What is the profit per ton rice? if other people exploit the same opportunity, what will happen to the price in Thailand and in Malaysia?
What will be the equilibrium rate of interest? (d) if the money supply rises, will the equilibrium rate of interest rise or fall? (e) if GDP rises, will the equilibrium rate of interest rise or fall
Explain how immigration between two countries could be an equalizer of wages and economical for both sending and receiving countries.
The maximum possible fixed fee that low-demand customers will pay. What is Always There Wireless's producer surplus from sales for each low-demand consumer.
What would you do and/or change to improve the quality of life of the Rich (Upper Class) Americans that would show significant results within three years.
Suppose the local television stations, in order to reduce set-up costs, require Cadillac to run its ad two or more times. How would this constraint alter the solution to this linear programming prob
Some restaurants offer all you can eat meals. How is this practice related to diminishing marginal utility? What restrictions must the restaurant impose on the customer in order to make a profit?
The alternative is to tie bonus pay to some absolute measure of performance. Discuss the merits and drawbacks of each approach.
Evaluate this monitoring system. What would you do differently? Consider the benefits and costs of any change you recommend.
Explain the two different sources of earnings differences in the labor market. Then, separately for differences by gender and for differences by race and ethnicity, identify the key variables or fac
Multiplant Operation. Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Which alternative expansion scheme should Cola King follow?
What would happen to the money supply and the relationship between the monetary base and broader measures of money (like M1) if households decided to hold less cash?
Why are government imposed "average cost pricing" and "nationalization of industries so pricing is at marginal cost" both second best outcomes to the competitive markets?
Which of the following products and services are likely to encounter adverse selection problems: graduation gift travel packages, or mail-order auto parts? Why or why not?
If the prevailing market price is $17 per unit, how many units will be produced and sold? What are profits per unit? What are total profits.
What interpretation would you give to the exponent of N? Increase in 1% in population of 12 year old will increase the demand of the general cereal's product by 3.70%.