Cigarettes currently sell for 10 a pack suppose the
Cigarettes currently sell for $10 a pack. Suppose the government imposes both a $4 sales tax and a $7 excise subsidy on cigarettes. Use a graph to demonstrate that the new price must be somewhere between $3 and $6 a pack.
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suppose frank is a monopolist in the garden gnome market and is producing his profit-maximizing level of output suppose
it has been argued that in the long run monopolistic competition is inefficient becausea there are few manyfirms each
when prices are p1p2 12 a consumer demands x1x2 12 and when prices arep1p2 21 the consumer demands x1x2 21 is this
a monopolists average revenue function is arq 20minus30q and his total cost function is cq 20q2 find1 his total
cigarettes currently sell for 10 a pack suppose the government imposes both a 4 sales tax and a 7 excise subsidy on
if i spent all my money 450000 on a new house i could buy a house with 4500 square feet i settle for a 1500 square foot
consider the case of a gold standard economya what effect would you expect an increase in the price of gold to have on
you live in a world with two time periods your income is 100 in time period 1 and 150 in period 2a if the interest rate
samrsquos utility function is ux1 x2 2x1 x2 where x1 is the number of units of good 1 he consumes per week and x2 is
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