Discuss the 5 properties of a good tax system

Q: The quantity where marginal benefit equals marginal cost is Multiple Choice O O O O 0. 130. 290.…

A: Marginal benefit is the additional benefit gained from consuming an additional unit of the…

Q: A project that will cost $120,000 is estimated to generate cash flows of $25,000 per year for eight…

A: Net present value is a method used to determine the current value of all future cash flows generated…

Q: Ways to differentiate a product do NOT include: A. changing the quality of the company's product. B.…

A: Product differentiation refers to the characteristics or features of the product that make the good…

Q: 4. (a) y(t) = K₂( AE(t)) Fd E(t)= (1-Ø I(+)) | Ka [Ā (1-Ø I(t)) L] 1-2 In (Y₁x)) = b[ Rα [Ã…

A: The production function in a market economy displays the causal link between supplies (such as…

Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…

A: The cost of production in economics means the total expenses incurred by a firm in the process of…

Q: Consider the graph below: Planned Aggregate Expenditure (PAE, billions of $) 1000 900 800 700 600…

A: The expenditure multiplier indicates the extent to which real GDP (Output) will be affected by a…

Q: for Vendor B, the life years is 9 years.

A: In this case, we have to discuss the term MARR which is minimum acceptable rate of return. So MARR…

Q: Given the following decision tree and my sisters' strategies to each of my offers, what strategy…

A: A graphical depiction of the possible moves and outcomes in a sequential game is a 'game tree'. It…

Q: Let A’s demand function be D(x) = 15 - 1.3 x , B’s supply function be S(x) = 2 x ^ 1/3 .…

A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…

Q: What was the Gross Domestic Product ( GDP) of the U.S. from 2017-2022?

A: GDP stand for the gross domestic product which include some of all market value of total goods and…

Q: In the short run, the price elasticity of supply for beets is 0.3. In the long run, the price…

A: In  the short run, the price elasticity of supply for beets is 0.3.In the long run, the price…

Q: HW-15 (Please answer the given answer form) Problem 1: Determine the MSE based on the following…

A: MSE mean squared error = Sum Total of Squared error / total observationsError = Predicated Value -…

Q: An economy has a monetary base of 100$ bills. People hold equal amounts of currency and demand…

A: The money multiplier is the number of times the monetary base is multiplied to create money supply.…

Q: Aggregate output a Trend level Central 970 YE Y₂ = πT₂ - TE +Y at date y at of out put and k>o 15…

A: The loss function of the central bank is a monetary policy concept that quantifies the costs or…

Q: The relevant CCA rate for the capital expenditures is 15%. Assume assets are never sold. a. For this…

A: Net present value or NPV can be defined as the capital budgeting tool that is used to make a…

Q: hawhas the 'gig economy' impacted variable and fixed costs for businesses.Illustratewith exmple…

A: The gig economy is a term used to describe the growing economic sector of businesses that rely on…

Q: Suppose the aggregate demand equation for an economy is given by AD = 2000 - 50P, where AD…

A: Aggregate demand is the total demand for goods and services in an economy at a given overall price…

Q: ow do you explain the expected utility for a company like Publix supermarket?

A: Expected utility is an idea in choice hypothesis and financial matters that measures a singular's…

Q: St. Paul Co. does business in the United States and New Zealand. In attempting to assess its…

A: To calculate the net cash flows for St. Paul Co. under each of the three exchange rate scenarios, we…

Q: Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded…

A: The equilibrium price and quantity are determined by the market forces of demand and supply. The…

Q: Zero economic profit for a firm means _____. (Check all that apply.)   a it receives no normal…

A: Total revenue determines the amount earned from the quantity produced.Economic costs involve not…

Q: An owner can lease her building for $140,000 per year for three years. The explicit cost of…

A: Accounting profits are the excess of the company's revenue over its expenses for the year, as…

Q: What is the price elasticity of demand for a good that experiences a 10% increase in price resulting…

A: The percentage change in the price of the good : 10% increase.The corresponding percentage change in…

Q: What is the payoff for each firm in this simultaneous game? a. Both firms will earn 0 b. Firm A will…

A: A state of a game in which each participant or player in a game has selected a strategy that is…

Q: An external cost is a cost paid by _____ of the good.     a consumers b producers  c neither…

A: The idea of external costs is related to economics, notably in the area of inefficiencies and market…

Q: Households Lowest 20 percent Second 20 percent Third 20 percent Fourth 20 percent Highest 20 percent…

A: Let us assume that total income of everyone is $100 which means lowest 20% earns $5, next 20% earns…

Q: Apply current Australian economy to the AD/AS Model (Diagrams required) and determine which phase…

A: Oceania is a connected area with a number of governments and regions, each having its own economy.…

Q: "According to Keynesian theory, an increase in the money supply can cause interest rates to fall…

A: According to Keynesian theory, an increase in the money supply can indeed cause interest rates to…

Q: (a) (b) (c) (d) (e) (f) Answer ALL parts of this question. Britain and France are countries in a…

A: Absolute Advantage is a situation where one country can produce a higher quantity of the product for…

Q: Which of the following statements applies to a purely competitive producer? a. it will not…

A: A purely competitive producer is a firm that operates in a market where there are many sellers of…

Q: If the CPI index was 220 in 2009, then the cost of tuition in 2009, as the (Enter your response…

A: Tuition fee in 1989 = $ 1994CPI (1989) = 115CPI(2009) = 220Tuition Fee 2009 = CPI 2009/CPI 1989 X…

Q: Botswana and South Africa both produce laptops. Botswana produces the Lenovo brand whereas South…

A: Resource extraction, construction of infrastructure, along with increased investment from abroad…

Q: If given the following information (Unit: RM million): Consumptions (C)=500+ 0.85Y₁ Government…

A: Disclaimer : - since you asked multipart question we are solving only the first 3 parts as per…

Q: (b) Let the utility of two alternatives į € {1, 2} be U₁ = V₁ + ₂. Where, U₂ is the perceived…

A: A utility function is an expression through which consumer satisfaction level is measured for any…

Q: In your opinion why should I invest in Sun Life Financial Inc? It is worth it to Invest in Sun…

A: Sun Life Financial Inc. is a leading international financial services company based in Canada.…

Q: Why would management use the maximin rule?

A: In the realm of management decision-making, various tools and techniques are employed to assess…

Q: Producer Theory A firm has the following Production Function: Q=3K³L² and w = P₁ = $10 r=Px=$90 a)…

A: Production function shows the different combinations of inputs that can be used to produce a given…

Q: Please no written by hand solutions In the box “Geometric Tricks for Estimating Price Elasticity,”…

A: Supply curve shows that there is a direct and positive relationship between price and quantity…

Q: National homebuilders Inc plans to purchase new rain gutter forming equipment. Two manufacturers…

A: The term "MARR" stands for "Minimum Acceptable Rate of Return." It is also commonly referred to as…

Q: The marginal revenue of a company is given by (a) MR(Q) = 3 + 4Q + 6Q2, where Q is the number of…

A: Price elasticity refers to the responsiveness of quantity demanded to the change in price level.

Q: Years 1 2 3 4 5 6 n Defender -3200 -2,500 -2,650 -3,300 1. $17,200 Annual Cost -Annual Tax for…

A: Annual Equivalent Cost is a quantitative measurement used to evaluate the cost of an investment or…

Q: Before COVID-19, the United States had a major recession that spread to other nations in the world…

A: A 'financial crisis' refers to a significant disturbance or collapse in a country's or group of…

Q: Review the attached graph. Which of the following movements would illustrate the effect on the…

A: Law of demand states :- Higher the price , lower will be the quantity demandedLower the price ,…

Q: If during 2010, the Republic of Sildavia recorded investment spending of $3 billion, government…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by a…

Q: Illustrate and explain the shape of the Long Run Industry Supply Curve for a Decreasing Cost…

A: The supply curve represents the quantity supplied by producers at different price levels. The…

Q: Question 3 a) Maximize the profit for a monopolistic firm producing three related goods, when the…

A: Profit maxizing situation is where a firm needs to obtain desired output at which they are bound to…

Q: I heard that t = 66 months, is this true or false?

A: Current value of Car = 55000 Depreciation per month = 1% Steven's bank current balance  =…

Q: Consider the graph below, representing the market for apples. The graph contains the equilibrium of…

A: Supply and demand are critical concepts because they have a large impact on market pricing and…

Q: QUESTION 19 TFP is difficult to measure. How can you tell which country has better "technology?" But…

A: Productivity depends on the relationship that exists between capital, labor and technology in…

Q: A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment…

A: When an investor invests his money, he expects a return in the future. The duration from investment…