Why might a tax be inefficient?

Q: Why might a tax be inefficient?   a It distorts behavior, causing the marginal costs to be higher…

A: Tax is referred to a financial charge that is compulsory for every individual. It is imposed on a…

Q: When the price of movie tickets increases, : the demand for movies goes down.

A: The demand for movies should be inelastic; it depicts that if the owner changes the price of the…

Q: 2. Calculating and categorizing inflation. This table indicates the historical level of the Consumer…

A: In economics, inflation is a general increase in the prices of goods and services in an economy.…

Q: Likely around 2008-2009 in Bank of America were there any changes in your FI's portfolio of assets…

A: Asset/liability management is a technique for controlling the use of assets and cash flows to lower…

Q: QUESTION 4 Suppose you invest $150.000 dollars in a savings account that earns 9% compounded…

A:

Q: (Ch 29) First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess…

A: Fractional Reserve Banking: The US banking system works with a fractional reserve system. The…

Q: consumer nas preferences over goods represented by the utility function (1, 2) x1 + 2√₂. (a) Sketch…

A: In this case, utility function is given here. From utility function we get three things i.e.…

Q: The country's GDP is 600 billion euros, and full unemployment GDP is 400. What should be done with…

A: Gross domestic product(GDP) estimates the monetary worth of conclusive/final goods and services that…

Q: Please refer to the following information to answer the question (in bold) below: You enjoy…

A: At consumer’s optimum bundle, slope of indifference curve is equal to slope of budget constraint.…

Q: 2-3 Recall our discussion of price gauging of necessities during natural disasters. a) Briefly…

A: (a)Price ceiling refers to the highest amount that a seller may legitimately charge for particular…

Q: Refer to the information provided in Figure 6.2 below to answer the questions that follow. Number of…

A:

Q: When the price of movie tickets increases, : the demand for movies goes down.

A: The demand for movies should be inelastic; it depicts that if the owner changes the price of the…

Q: An increasing-cost industry is associated with Multiple Choice a perfectly elastic long-run supply…

A: Supply Curve: The supply curve will help represent the connection between the cost of products and…

Q: At an output level of 100, a monopolist faces MC = 15 and MR = 17. At output level q = 101, the…

A: Introduction: Profit Maximization: Profit maximization refers to the level where the marginal cost…

Q: Suppose that Canada and Mexico allow their currencies to float. Other things equal, if the Canadian…

A: In the floating exchange rate (also known as flexible exchange rate) the country's currency will be…

Q: Consider a worker who consumes one good and has a preference for leisure. She maximizes the itility…

A: In economics, "utility" essentially refers to the pleasure or satisfaction gained from utilizing a…

Q: Suppose the base year for this price index is 2019. In the last row of the table, calculate and…

A: The price index is a computation that provides the rate of changes that occurred in the cost of…

Q: Why is bundling typically less successful for tangible goods than it is for intangible goods?…

A: Tangible commodities, often known as physical goods, are the primary assets used by businesses to…

Q: 1-19 At the equilibrium: A. Price offered by buyers = Price demanded by sellers B. MC = MB C. Price…

A: Economic equilibrium refers to a situation where financial forces like supply and demand are…

Q: 3514e77ebfcb001ff309cb Chapter 7 - Production, Cost and Industry Structure OPEN The table below…

A: Total Cost refers to total cost or expenses incurred for producing goods and services. Fixed Cost…

Q: Consider an investment of $100 over a 1-year period. The inflation rate is 5%, and the nominal…

A: Following is the given information in the question: Given the investment = $100 Time period = 1 year…

Q: Joe's income is $1000, the price of pizza (P) is $10 per unit, and the price of burger (B) is $8.…

A: Budget constraint shows the different combinations of two goods that can be purchased provided…

Q: Kevin's utility function is given by U=3x+2y. Kevin's demand functions for X and Y graphically…

A: Substitute goods are used for each other. When price of one good increases, the consumer tends to…

Q: What impact does full employment have on the economy?

A: We can say that When all the labor resources in an economy are utilized in an optimum manner or in…

Q: A ship captain who buys commodities on islands where they are cheap and selling them on islands…

A: As per given information There are 2 types of ships in the fleet. Corvette and Freighter Corvette…

Q: Refer to the information provided in Table 1 below to answer the questions that follow. Labor force…

A: Labor force participation rate = Labor force divided by the working age population and then…

Q: According to these statements about public services and location decisions: 1. High-service city…

A: Public services refers to the services provided by the government to everyone in an economy in…

Q: Consider the economies of Sporon and Gobbledigook, both of which produce gobs of goo using only…

A: Two Economies: Sporon and Gobbledigook One good: Gobs of Goo Two Factors of Production: Physical…

Q: The general transfer pricing rule considers the additional outlay costs incurred by the supplying…

A: The general transfer pricing rule is that the minimum must be greater than or equal to the marginal…

Q: 3. From the Calculations above in answer 2, which product should each country specialise in its…

A: In order to find the comparative advantage, we will have to find the opportunity cost of producing…

Q: Explain the shapes of the marginal and average cost curves of a firm. Use a diagram to support your…

A: The term "marginal cost" describes the rise in production costs brought on by the creation of more…

Q: City Home Care (CHC) hires a furnished office at $4000 per month, telephones at $400 a month, and a…

A: Given that, City Home Care (CHC) hires an office at $4000 per month telephones at $400 a month and a…

Q: Refer to the information provided in Table 1 below to answer the questions that follow. Labor force…

A: Ans. Unemployed people are those people who are looking for jobs but do not have one yet.    Total…

Q: An oil and gas producing company owns 40,000 acres of land in a southeastern state. It operates 650…

A: Given that, Revenue from oil is $2000000 per year Revenue from natural gas is $560000 per year…

Q: Two machines are being considered to replace an old one. Machine 1 costs $80,000 and Machine 2 costs…

A: (Q) Two machines are being considered to replace an old one. Machine 1 costs $80,000 and Machine 2…

Q: Three major means of collusion by oligopolists are Multiple Choice   cartels, informal…

A: Collusive oligopoly is a structure of the market, in which there are few companies in the market,…

Q: Figure Chase Rive Concert Tickets Price $25.00 20.00 15.00 10.00 0 200 Refer to Figure: Chase Rice…

A: Shortage :- This Is the condition when demand is greater than supply.    Surplus :- This is the…

Q: economy of Grossmania produces three goods: Widgets, Gizmos, and Thingamajigs. The accompanying…

A: Real GDP is an inflation-changed estimation of GDP. It is the gauge of the total value of all goods…

Q: Consider the effects of a natural disaster like hurricane Katrina on a metropolitan economy. In the…

A: Labor supply and demand come together to produce the equilibrium market pay rate. Employees are…

Q: A consumer has preferences over two goods represented by the utility function (₁,₂)= 21 +2√/72. (a)…

A: Indifference curve shows the combination of two goods by using the consumer's income and market…

Q: 2) Explain the Global Economic Systems

A: A global economy can be described as the sum of activities that take place both within a nation and…

Q: E. Directions: Complete the data inside the supply schedule by providing actual computations and…

A:

Q: According to the Solow Model, when investment is less than depreciation population growth must have…

A: Solow model determines steady state capital per worker and output per worker.

Q: The original equilibrium of a market is at price $20 and quantity 20. If a tax of $10 is imposed and…

A: An excise tax when collected from sellers shifts the supply curve upward by the amount of the tax.…

Q: In the city of Growville, the equilibrium employment is 100,000 workers, and the equilibrium wage is…

A: Wages and salaries are the remuneration for work agreed upon by an employee and his or her employer…

Q: This table indicates the historical level of the Consumer Price Index (CPI) for the United States…

A:

Q: Economies of scale are indicated by Multiple Choice the rising segment of the average variable cost…

A: Production becomes more affordable as more units are produced thanks to economies of scale. The…

Q: t's suppose the current exchange for Forint (Hungary currency) vs. Kuna (Croatia currency) is:…

A: Given Exchange rate = F/K = 55.75 Interest rate on Hungary security = 3 % Interest rate on one year…

Q: Consider a government that raises money in a two-good economy by taxing good 1 at a rate of t per…

A: According to the Revealed Preference Theory, a consumer's preferences may be deduced from the kinds…