Explain the principles relating to tax shifting, tax incidence, and the efficiency losses causes by taxes.

Q: What does efficiency mean according to the PPF model?

A: PPF Curve: It is a  curve that shows all possible combinations of two goods that an economy produces...

Q: with explanations please, thankyou In a Mixed Specific Factors model with two sectors, Cars (C) and ...

A: If the government imposes a tariff on the imports of W then there will be an increase in the domesti...

Q: Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 ...

A: The utility is a want satisfying power of a commodity. Marginal utility is the additional utility ga...

Q: If a freeze ruined this year’s lettuce crop, illustrate then explain what would happen to consumer s...

A:   Concept of Supply Analysis: Supply of a commodity refers to a schedule showing various quantities ...

Q: Illustrate and interpretthe short-run and longrun effects of temporary and permanentsupply shocks

A: Aggregate supply curve will be affected when there is supply shock or negative supply shock. Supply ...

Q: True or false. The incidence of property taxes that are levied on rented houses and apartments is hi...

A: Property taxes are compulsory payments that are levied by the government directly on the property of...

Q: Solve it early with short explain all subparts a, b, c and d.  I upvote definitely

A: The effective annual interest rate and the yearly nominal interest rate are two different concepts. ...

Q: Consider the following production function                                                     TPL =...

A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: Suppose the following demand and supply function of a commodity.                                  Qd...

A: Answer: Given values: Demand function: Supply function: Supply function after tax: To find: Find...

Q: Imagine a market where there is a positive externality in production. The private (and social) inver...

A: Given:

Q: Please answer this question

A: Anti-discrimination policy is an example of policy that ensure equal and fire treatment of all emplo...

Q: A perfectly competitive firm has the following total cost function:                                 ...

A: Total output Total cost Marginal cost 0 20  - 1 30 10 2 42 12 3 55 13 4 69 14 5 84 15 ...

Q: what factor determine movement along demand curve for labour and increase or decrease in it? why the...

A: Labor demand refers to the number of labor hours demanded by employers in a market at a certain wage...

Q: Suppose that the marginal cost for a certain product is given by  MC = 1.02(x + 200)0.02  and margin...

A: Given: MC = 1.02(x + 200)0.02 MR= 2/(4x+1)+1.75 Fixed costs = $150,000 x is atmost 200 thousand unit...

Q: True or False. The MB = MC level of immigration is likely to be achieved if we simply let in every p...

A: False, the MB = MC level of immigration is not likely to be achieved if we simply let in every perso...

Q: Distinguish between a carbon-tax and a cap-andtrade strategy for reducing carbon dioxide and other s...

A: A carbon fee is a carbon emission pricing tool. It is considered to be one of the most pivotal and e...

Q: In July 2009, in the economy of Sandy Island, 10,000 people were employed, 1,000 were unemployed, an...

A:   Meaning of Unemployment Rate: The unemployment rate refers to the rate in which numbers of employe...

Q: A man deposits P50,000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate...

A: To calculate the purchasing power of the deposit made by the man in five years, we will use the form...

Q: Many households supplement their food budget by cultivating small vegetable gardens. Explain how eac...

A: 1.  If both wife and husbands are professionals and earn high salaries then the opportunity cost of ...

Q: What fundamental concept is behind the PPF model?

A: Production Possibility Frontier (PPF): The Production Possibilities Frontier (PPF) shows all the di...

Q: 2. Draw a supply and demand curve for the iPhone 8. Apple announces that the iPhone X(Max) is coming...

A: The market is a place where the buyers and sellers interact with each other and the exchange of good...

Q: Distinguish between the benefits-received and the ability-topay principles of taxation. Which philos...

A: The benefits-received theory ensures that governments can supply public goods and services in much t...

Q: 5. Finding the interest rate and the number of years The future value and present value equation...

A: FV (Future value) means the present assets at a date in future depended on a presumed growth rate. T...

Q: pharaphase the given decision making process The most complex type of buying behavior, extended deci...

A: Decision making refers to a cognitive process in which an individual chooses a course of action, ite...

Q: Suppose the following demand and supply function of a commodity.                                    ...

A: 1. Qd = 55 - 5P Price 0 11 Quantity 55 0 Qs = -50 + 10P Price 0 5 Quantity -50 0 Equ...

Q: what is the advantage of and disadvantage of globalization and its impact on the economy

A: Globalization is the process in which the businesses operate in an international scale. 

Q: Suppose that when the price of good 1 increases, the consumer purchases more good 2. O good 2 is a s...

A: Hi, since you have asked multiple questions. We will answer the 1st one for you. 

Q: Suppose a monopolist has TC = 100 + 10Q + 2 Q2, and the demand curve it faces is p = 90 -2Q. What wi...

A: A monopolist is the one who sells unique products in the market that has no close substitutes and is...

Q: Two goods have a cross-price elasticity of demand of 1.2:   Would you describe the nature of goods?...

A: Cross price elasticity of demand for two goods is given as 1.2 It can be defined as the changes in t...

Q: Note that the two terms in the Product Rule correspond to the separate effects of increasing the num...

A:

Q: How can you interpret the PPF slope?

A: Production Possibility frontier (PPF) represents the trade-off between two goods. In order to produc...

Q: Evaluate the effectiveness of artificial trade barriers, such as tariffs and import quotas, as a way...

A: Trade barriers on import will lead individuals in partially substituting domestically produced goods...

Q: Consider the following production function                                                          ...

A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: State the relationship between AVC and AP (average product) 1. If AP is increasing, AVC will be incr...

A: Average product (AP): Average product can be find by dividing TP / TVF. Where, TP is total product a...

Q: 1.How has globalization had a major impact on countrys economy? 2.what is one of the core propostion...

A: Globalization is the process by which businesses start operating in an international scale. Also, gl...

Q: Need Help with this macroeconomics question! Need all steps to find answer because I have no idea

A: Price of per unit of t-shirts = $20 Wholesale consumers wish to purchase = 5000 units Producers wish...

Q: Salma earns $1000 divided from the stocks she has, does this happens in the market for good and serv...

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: What is the significance of resource pricing? Explain how the factors determining resource demand di...

A: "Since you have asked multiple question, we will answer only first question for you. If you have any...

Q: Explain whether each of the following statements describes a change in demand or a change in quantit...

A: The change in the quantity demanded and the change in demand are two different terms. The change in ...

Q: Identify and state the significance of each of the following trade-related entities: (a) the WTO; (b...

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any...

Q: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13 year...

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces ...

Q: Is economics a study of making choices? Explain.

A: Because individuals have limited resources at their disposal, the problem of scarcity requires them ...