If the state government would like to increase tax revenue, please give three examples of products/commodities that the government should impose tax on so that they can collect the highest amount of tax revenue. Please explain your reasons clearly.

Q: Suppose that the market for lima beans is in equilibrium. Then, both the supply and demand curves…

A: The curve that depicts various quantities of goods and services being demanded by individuals at…

Q: Katalin has the utility of U(x 1, x 2 ) = max{3x 1, 4x 2 } of purchasing products 1 and 2. Katalin…

A: According to the income effect, when the price of an item falls, it appears as though the buyer's…

Q: Suppose that a firm has increasing marginal cost, and a positive fixed cost. What happens to minimum…

A: Marginal costing is a functional analysis procedure that often helps management in making…

Q: (i) What is the relationship between the two variables as shown in table 1 and why does this…

A: Demand for money refers to in financial economics, the demand for money is the expected holding of…

Q: What is the definition of Property tax

A: Taxes are defined as a tax levied by the government on individuals in the economy in exchange for no…

Q: Refer to the accompanying figure to answer the following questions 1) the profit maximizing price…

A: 1.)  The profit is maximized where the MR= MC.  In the figure above ,  MR= MC at price $70 and…

Q: If an investor invests a sum of $ 100 in a fixed deposit for five years with an interest rate of 15%…

A: Given the invested a amount = $100 Time period = 5 years Interest rate = 15%

Q: This is the answer plz write Clear hand written Y=5kº5 +32° Multiply k & L by X s(kjt3 CLOS 0.5 0.5…

A: As asked by the student. Written and clearly scanned this question.

Q: Create ECONOMIC SWOT analysis of Disney parks and resorts and explain each.

A:

Q: Which of the following is likely a monopoly?   Question 8 options:   The Beatles (in being able to…

A: Monopoly is defined as the market structure characterized with no competition and a single seller.…

Q: The economy is experiencing a $225 million inflationary gap. If the government decided to solve this…

A: Given; Inflationary Gap= $225 million MPC= 0.9 Formula to calculate tax multiplier:-…

Q: Referring to the cash-flow diagram. Determine the IRR.

A: As nothing is mentioned I will be using excel to get the Internal Rate of Return (IRR). The internal…

Q: True/False. In all cases, variable universal life insurance policies link the death benefit directly…

A: The profit from a speculation portfolio. The venture portfolio can contain a solitary resource or…

Q: What amount of money invested today at 15% interest rate compounded quarterly can provide the…

A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…

Q: The economic environment refers to: Select one: a. an analysis of how new environmental regulations…

A: Economic environment here is not the literal environment.

Q: 8. Mary Catacutan and Pedro Perez are considering the possibility of teaching swimming to kids…

A: Answer: Let us derive the cost function first for Mary and Pedro: Fixed cost FC=₱1,700Variable cost…

Q: Partial equilibrium effects of import quota: large country Can you show that with the graph?

A: The concept "partial equilibrium" refers to a study that only considers the effects of a policy…

Q: You are a newly business owner ( around 1year) and you are able to start it up by means of having…

A: I will choose option 2.  I will add it to my capital as my equity. Because a business should have…

Q: The treadmill market is a competitive industry with long-run economic costs. Provided the following…

A: Perfect competition is a marketplace structure that includes many dealers promoting merchandise with…

Q: In some country, the following holds Components of GDP Amount (Millions) Consumption 980 Investment…

A: The trade balance of a country is the difference between a country's export and country's imports.…

Q: The following are examples of externalities except A Air pollution from the factory B Noise…

A: An externality is a cost or benefit associated with an activity enjoyed by the third person who is…

Q: 16. Use incremental analysis to select the best alternatives using Benefit - Cost ration A B C D E F…

A: Benefit cost ratio also known as profitability index , this is a tool of project evaluation which…

Q: Q2. Determine the returns to scale of the following production function: Hand written plzz Y = 5K0.5…

A:

Q: 1. A firm's production function is given by q = KL² - L³ for K>0 and L>0. Suppose K is fixed at…

A: The production function is a tool that is used in the field of economics to determine how effective…

Q: If every comptitive firm earns abnormal profits in the short run, what do you expect will happen in…

A: Perfect competition is the market structure in which there are large number of sellers who sell the…

Q: Kindly give the given, complete and detailed solution. THANK YOU.) John bought a car with cash value…

A: Given: Car price = P14,000 Down payment = P4,000 r = 5.23% n=1 (number of years) t = 4 (number of…

Q: The cost of supervising a company is made of the following: 40% office rental, 35% labor, 20%…

A: The percentage change formula is used to determine the percent change in values when there is a…

Q: Price 25 20 15 10 5 0 0 20 Figure 40 60 Quantity Demand Supply Supply 2 80 100 nly ? will result in…

A: Equilibrium occurs at the intersection point of the demand and supply curve.

Q: What caused the banking crisis of 2008? Why did the banking crisis lead to the Great Recession?

A: When talking about the banking crisis in 2008, it can be said that those crisis were very larger…

Q: Modified True or False Child Literacy Rate and the gross enrolment ratio represent access to…

A: The child literacy rate is another name for primary education and is typically the first stage of…

Q: What is the B/C Ratio for a firm considering an investment in a new manufacturing technology?…

A: The measure that depicts the relative benefits and costs of a project that is proposed in monetary…

Q: What is the main role of the IMF? Group of answer choices To ensure a stable exchange rate regime

A: The International Monetary Fund ( in short IMF) attempts to accomplish supportable development and…

Q: Table 2: Quantity demanded and supply for a given market Price Quantity Quantity Demanded Supplied…

A: The above table shows the quantity demanded and quantity supplied with their respective prices. At…

Q: What are the possible causes of Prisoner’s Dilemma? Please list at least three mechanisms to…

A: The prisoner’s dilemma essentially provides a framework for understanding a way to strike a balance…

Q: Discuss briefly the liquidity preference theory (LFT) and differentiate it from the loanable funds…

A: The amount that is being charged to a borrower on any form of debt or amount given by the lender is…

Q: Consider 2 firms. ABC Incorporated and XYZ Corporation. These two firms are well known producers of…

A: We have two firms which competing in different competitive models. Such as •Competitive • Cartel •…

Q: Which of the following, in your view, is the BEST example of a NATURAL monopoly. Note some of these…

A: The answer is - The delivery of electricity to homes.

Q: 1. The gravity model of trade implies that, all other things being equal, trade flows are…

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

Q: An amortization of a debt is in form of a gradient series. What is the equivalent present worth of…

A: Given information: Interest rate = 5% First-year payment = 5000 Second year payment = 4500 Third…

Q: F). Draw a perfectly inelastic supply, an inelastic supply, a unit elastic supply, an elastic…

A: The supply curve shows the association between the price of commodity and quantity of the commodity…

Q: an entrepreneur is setting up a storage facility which will provide storage both at peak times and…

A: For Kuhn - Tucker conditions of optimization we set up a Lagrangian problem in which there is an…

Q: This is the answer plz write Clear hand written Y=Skº5 +32° Multiply k & L by X skjet 3 CLOS 0.5 0.5…

A: The production Y is a function of both labor and capital.

Q: Information. You are given the following lists of statements and concepts: Statement Concept 1.…

A: The curve that depicts various quantities of goods and services being demanded at various price…

Q: the phrase "a sustained increase in the average level of prices for goods and services in an economy…

A: Deflation implies the decrease in general price level in an economy over a period of time…

Q: A). Draw the supply and demand curves for the market of specific good. B). Suppose that the…

A: Equilibrium occurs at such a price where the quantity of the good demanded is equal to the quantity…

Q: Identify and describe the economic benefit of warehousing which may leverage H&M's sales.

A: A warehouse may be defined as a place utilized for the storage or assemblage of goods. The process…

Q: Question 2 The volatility of short-term economic growth gives rise to O the balance of payments. O…

A: Economic growth is the gross domestic product of an economy. The higher gross domestic product…

Q: Why is it that not all the economic system in the world are same?

A: When talking about economic systems, it can be said that not all the countries have same economic…

Q: • Determine different types of Unemployment

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

Q: If George is willing to pay P100 for a product and John is willing to pay P80 for the same, the…

A: Consumer surplus is a willingness to pay minus the market price of a product.  => Consumer…