Explain which of the following may be the size of dwl
If as a result of taxation, consumers lose $30 surplus and suppliers lose $50 surplus, explain which of the following may be the size of DWL and the tax revenue received by government assuming that there was also $10 administrative burden?
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Assume that the annual growth in the real income in Japan is expected to be among 2 and 3 percent and that income elasticity of demand for housing in the Tokyo is estimated to be among 0.8 and 1.0 for rental units and among 0.7 and 1.5 for owner-o
Determine a property that two arbitrary sets A and B could satisfy that would guarantee that A union B = A.
Jack sees commuting by train and bus as perfect substitutes (U = B + T), that is, he would exchange 1 commute by bus for 1 commute by train.
Find out the exponential generating series for the number of ways to put (distinct) people into n rooms where each room has at least three people. Now determine the actual answer for 1,2,3,...,8,9,10 people in n=2 rooms (hint: use a computer or W
Assume that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made simultaneously better off by trading with each ot
Estimate this argument for a trade barrier: "The U.S. needs protection from cheap foreign labor." Include some reasons why this might be an invalid statement. Please do not copy and paste from another website.
Give the final project of Dirichlet's and Abel's with the complete written solution (target length: five pages). Discuss test, theorem and give a specific proof. Also show an example of each test.
Suppose you have just met with your financial adviser and set up a plan for you to pay for your firstborn's college education and you save $2,500 at the end of the first year, and you increase the amount of your annual savings by $500 each year th
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