Explain the Rationale Behind Having an Alternative Minimum Tax. Give Example

Q: "How can the US government use taxation to encourage income equality?"

A: An income equality refers to an uneven distribution of the income throughout a population, groups,…

Q: Levinn’s utility function is expressed as the following: U= C1 C2 0.3   where C1 is his first period…

A: In economics, a utility function is a mathematical representation of a consumer's preferences over…

Q: Explain how is the production structure (i.e. which goods are produced) affected in each country by…

A: ***Since the H part of the question is subjective, it violates the guidelines. Therefore, only the G…

Q: Would the Federal Reserve INCREASE or DECREASE the nation’s money supply during a period of…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: Assume a simultaneous-move game. Firm A Low Price High Price Firm B Low Price All of the above 10,10…

A: In game theory, a simultaneous move game is a game where all players (here, Firm A and Firm B)…

Q: Have you come across instances of agency problems in your professional or personal life? Please…

A: A moral hazard is an occurrence that takes place when a party modifies their hazardous behavior…

Q: 3. You are the manager of a firm that sells its product in a competitive market at a price of $45.…

A: Profit-maximizing output occurs when Marginal Revenue is equal to the Marginal Cost. Marginal…

Q: Here is a graph for monopolistic competition in long run equilibrium. After seeing this graph,…

A: A market structure that is characterized by a large number of enterprises selling differentiated…

Q: If a 13 percent decrease in the price of good X results in a 24 percent increase in the quantity of…

A: Price elasticity measures the percentage change in quantity due to Percentage change in its price.…

Q: The table shows the demand and supply schedules for apples. Suppose that the government introduces a…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: uppose the Fed conducts an open market sale by selling $10 million in Treasury bonds to Great…

A: Open market purchase is a tool of monetary policy that is used by central banks to regulate economic…

Q: b)  Suppose that the yield to maturity of the bond is i = 0.05. What is the quantity…

A: The amount of a given commodity or service that consumers want to buy (demand) and how much that…

Q: 4)  Why might it be expected that an increase in interest rates will tend to reduce inflation?

A: Inflation refers to the increases in average level of price of an economy over the period of time.…

Q: The table below shows the total costs faced by Faizah's Manufacturing Firm for different quantities…

A: According to marginal analysis, a profit-maximizing firm produces the level of output at which the…

Q: Inonge has a Barchelors Degree in Health Economics. Suppose Inonge's health production function is…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: what is consumer ruplus under the deficiency payment policy   what is the producer surplus under…

A: Deficiency Payment: Farmers receive payments known as deficit payments when the market value of…

Q: 9. Explain and contrast the role of uncertainty and expectations in Keynesian and neoclassical…

A: ***Since the student has posted multiple questions, hence, the expert is required to solve only the…

Q: Banks and other financial institutions offer small business loans based on all of these EXCEPT the…

A: A loan is a financial plan where a bank gives funds to a borrower, with the comprehension that the…

Q: If the government were to apply a specific tax to each of these​ commodities, what incidence would…

A: The degree to which the amount demanded of an item or service responds to a change in its price is…

Q: Question 2 (3,2) P2 (1,-1) P1 (0, 1) What is the Nash equilibrium of the game? * (a) (B; C, F) * (b)…

A: A state of a game where each player's strategy is the best reaction to the other players'…

Q: The table below shows cost data for producing different amounts of oil. The market for oil produces…

A: If the market is free then the price at which the demand curve intersects the private supply curve…

Q: The Philippine Institute of Industrial Engineers (PIIE) is planning to put up its own building. Two…

A: In economics, present value refers to the current value of a stream of cash flow. The net present…

Q: 4. What Factors Determine Who Bears the Burden of Taxation?

A: Tax incidence is an approach in which the burden of tax is divided between sellers and buyers.

Q: Describe the differences between recessionary and inflanationary gaps.

A: There are two types of gaps in the economy: 1. Inflationary gap 2. Recessionary/Deflationary gap…

Q: What is an arbitrage opportunity? Discuss using an example (of your choice) and explain how  an…

A: An arbitrage opportunity is a situation in which an investor can make a risk-free profit by means of…

Q: Consider the following demand function P = 62 - 2Q and the Cost for the business is $150 (for…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: What economic process causes a portion of a network good's demand curve to slope downward? lower…

A: Network goods are a kind of economic good where the worth of the good to an individual consumer…

Q: A bond's yield is a periodic fixed payment made to a bondholder expressed as a percent of its face…

A: Bonds are fixed-income securities that simulate loans made by investors to borrowers. In a contract…

Q: 5. Compare and contrast how the UK macroeconomy and its policymakers responded to sharp increases in…

A: ***Since the student has asked for a specific question to be solved, the expert is required to solve…

Q: The graph below depicts an economy where a decline in aggregate demand has caused a recession.…

A: The impact of change in aggregate demand due to the change in government spending is more than that…

Q: Two firms compete by advertising. Given the payoff matrix to this advertising game, identify each…

A: Dominant strategy is the strategy that yields highest payoff and the strategy does not change with…

Q: provide a critical discussion of how the zero based budgeting approach can be a strategic budget…

A: Zero based budgeting is a novel economic proposal that involves re-evaluation of activities and an…

Q: 1. Masako buys a house in 1999. She obtains a mortgage that carries an annual interest rate of 12…

A: ***Since the first question is from a different subject group (accounting), so the expert is…

Q: 16. Which of the following is true? a. The Great Depression was caused in part by “the liquidity…

A: A banking crisis occurs when a large number of banks or financial institutions face major financial…

Q: to be awam to be awan alue of X th es)

A: When deciding on uncertain incomes from payoff strategies, consumers look at the concerned risks.…

Q: Do as you are told. 1. Daniil makes deposits of 150 today and 280 13 years from now into an account.…

A: Given the, Amount of 150 is deposited today and amount of 280 is deposited 13 years from now. ROI…

Q: I remember from my omics classes that average ble cost (AVC) is equal to: can you tell me the…

A: The variable cost is $60 per worker a day. At 90 units of output (i.e. when 90 cars are washed in a…

Q: A sticky goo oozes mysteriously from the rare wazoo tree, which grows only on the farm of Wolf…

A: Retail demand function P=80-0.1Q Donna's cost=$W per bottle Per bottle cost to Wolf=%8

Q: ording to the following passage, which argument would a proponent of the World Trade Organization…

A: The World Trade Organization (WTO) is an international organization that was established on January…

Q: barter – the trade of foods for goods- is booming. according to the us department of commerce,…

A: The barter system is a system or way to buy and sell goods and services, It is one of the oldest…

Q: What is the estimated cost of a factory with 30,000 sq. ft. of workspace if it costs $0.71 million…

A: area = 30,00- sq ft cost = 0.71M to produce 50,000 sq ft

Q: Mary has been out of the paid workforce in order to raise her children. Now she decides to do paid…

A: A person is defined as a person who is of working age and is willing and able to work but could not…

Q: Below are the annual costs and benefits of four alternative road projects. Apply the incremental B/C…

A: Incremental Benefit-cost ratio analysis is a method to find the most preferred alternative. The…

Q: All consumers are alike and each has an demand curve for a monopolist’s product of P=100- 2Qd. The…

A: The monopoly firm produces where the MR =MC but monopoly firm can increase its profits by following…

Q: 4. Suppose the aggregate demand and and aggregate supply in a competitive market are given…

A: Market equilibrium refers to the state of a market in which the demand for a particular product or…

Q: True/False/Uncertain a) Higher marginal cost (higher level, but always constant), lower fixed part…

A: A pricing strategy that involves charging customers two separate fees to access a particular product…

Q: Suppose that the inverse demand equation is and the supply equation is If the price is controlled at…

A: Demand curve is the downward sloping curve.  Supply curve is teb upward sloping curve.  Equilibrium…

Q: Bank mobilizes the savings of people. True False.

A: Banking is the business of accepting deposits from individuals and businesses, and using those…

Q: The economy of Greatstown currently has $60.00 million worth of currency in circulation, $2.00…

A: M1 money supply has the following components.  Currency in circulation.  Checkable deposit…

Q: Table 16-3 The following table shows the output produced by each of the top eight firms in four…

A: Concentration ratio is used to assess the extent to which a given market is oligopolistic.