What kinds of markets should a government tax according to the Ramsey taxation result? What is the economic intuition for why it’s efficient to tax these markets?

Q: 1. Is this statement True or False? "The equilibrium price and output values does not change in…

A: The economics as a study is based upon the basic idea that the resources which are present with the…

Q: How does perfect competition lead to allocative and productive efficiency? Perfect competition leads…

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

Q: should nation-states relinquish responsibility for the social reproduction of migrant labor? Why or…

A: Protecting and assisting the poor and vulnerable, such as children, women, the elderly, people with…

Q: The income elasticity of demand for your firm's product is estimated to be 0.75. A recent report in…

A: The sensitivity of the quantity that is desired for a specific product to a change in the actual…

Q: Assets Liabilities Reserves $3000 Deposits $22,000 Loans $20,000 Debt $2000 Securities $5,000…

A: Given information - Reserve requirement = 10% Deposits = $22,000 According to the given information…

Q: A 10 10 30 30 Food (unita) Sholtor (unita)

A: Production possibility curve is a frontier that consist of all the possible combinations of two…

Q: The figure shown reflects the presence of Social Cost Private Cost P. Demand Quantity positive…

A: Externality refers to cost or benefit which occurs from production and falls on the third party who…

Q: The table below shows aggregate values a hypothetical country. Real GDP is equ GDP. The numbers are…

A: Aggregate expenditure is the sum of consumption, investment and government spending in a closed…

Q: Which of the following values of y satisfy y » x and hence are Pareto improvements on x = (2, 3)?…

A: y » x means that if given a choice between bundles x and y the consumer will always choose y over x…

Q: If a firm shuts down, it A) makes zero economic profit. B) incurs an economic loss equal to its…

A: Fixed cost is the cost that remains same at all levels of output. It does not depend on output.

Q: In the short run, a perfectly competitive firm A) can vary all its inputs. B) can make only zero…

A: A perfectly competitive market has a large number of firms and a large number of buyers, each buyer…

Q: How does perfect competition lead to allocative and productive efficiency? Perfect competition leads…

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

Q: Why should businesses take into account tax impacts? O a. Taxes directly affect a business's cash…

A: In a market, firms make business activities to earn some revenue and profit due to which it has to…

Q: Nittany Knitting makes athletic jerseys in Happy Valley, PA. There are two kinds of workers in the…

A: We are going to use Opportunity concept to answer this question.

Q: machine purchased a year ago for $85,000 costs more to operate than anticipated. At the time of the…

A: All answers given below,

Q: If a firm in a perfectly competitive market faces an equilibrium price of $5, its marginal revenue…

A: In a perfectly competitive market, A firm price is equal to the marginal cost (P=MC) and marginal…

Q: The reason(s) why real GDP grows, in the long run, is that Select one or more: O imports increase. O…

A: Gross domestic product refers to the economic tool to measure the national income of the people.

Q: What are the positive effects of globalization? Identify and critique each clearly.

A: Globalization refers to the process of integration among firms, governments, and people all over the…

Q: If apples have an own price elasticity of -1.2, we know the demand is elastic. Can you explain why?

A: In the question, elasticity of demand for apples is -1.2. In price elasticity, we ignore the…

Q: 3. Assume that the Fed announces a new higher target for the federal funds rate. How will it achieve…

A: The federal funds rate is when banks charge other financial institutions interest for overnight…

Q: 2 If the market price is 150, solve for the quantily demanded hhd quan surplus? How much is the…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you.…

Q: A discussion on the current state of the South African economy. Your discussion should be based on…

A: Economics is the study of the scarcity of resources and unlimited wants. It means the demand cannot…

Q: 1. A furniture store sold picnic chair for $22.95 during a promotional sale. The store bought the…

A: Given:   Cost of coffee maker = $36 less 40% and 15%   Now the actual cost = 85% of (60% of 36) =…

Q: A perfectly competitive firm should shut down in the short-run if price falls below the minimum of…

A: The shutdown point is when the price of the commodity is equal to the average variable cost (P=AVC).…

Q: 1) Choose one product and identify its market structure among a perfectly competitive, monopoly,…

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

Q: What are the key developments in electronic banking does in recent time? How ha s it become so…

A:

Q: 12 Investment Demand $75 150 225 Investment ($) $50 100 150 Investment (5) AS AD, ($150) Qua ntity…

A: Note: There is some mistake in the labeling of money demand and money supply curve. Following is the…

Q: Wal-Mart Stores, Inc., is an enomously successful chain of discount retail stores started by Sam…

A:

Q: Does this production possibilities curve show increasing opportunity costs? Explain

A: The curve that depicts the combination of goods that could be produced using the resources being…

Q: Describe the effect that higher income has on life expectancy in terms of relative length and…

A: Based on actuarial information, life expectancy is the statistical age at which a person is…

Q: Peter's Pencils is a perfectly competitive company producing pencils. Suppose Peter is producing…

A: For Perfect competition, we know that P = MC AND P = MR In this question P>ATC so the firm is…

Q: During a recovery we observe          interest rates tend to _______________(increase/decrease)…

A: Consider the below points: *Inflation and interest rates are inversely related. *Lower interest…

Q: 14. Suppose demand is given by Q,' = 50 – 4P, + 6P, + A, where P, = $4, P, = $2, and A, $50. What is…

A: Advertising elasticity of demand shows how quantity demanded of a good changes as advertising…

Q: Select from the List in bold print, the Institutional Sector to which the following Institutional…

A: The entity that is capable of owning assets, engaging in economic activities, and incurring…

Q: Outline the extent of international business and the world economic outlook for trade.

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Drybar, a hair salon, faces a weekly demand for blowouts eq The salon has weekly total cost of…

A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost and price is…

Q: The 13-member board of directors of an association vote to select a city to host their annual…

A: The Borda count basically refers to a set of positional voting rules that assigns each candidate a…

Q: 3. What are the effects of the following events on the monetary base? i. The Treasury writes checks…

A: The monetary base is defined as currency in circulation along with bank reserves.

Q: Course Name: Global trade Question) Is Bangladesh a good investment? How can I invest in…

A: Global trade these days attracts good investment proposals from different nations. Every country…

Q: Consider the aggregate supply-aggregate demand (AD-AS) model that we saw in class. Assume that…

A: Answer -

Q: Suppose there is a binding price ceiling in a market, but then demand increases. As a result, both…

A: Price ceiling is defined as the binding imposed by the government on the upper limit of the prices…

Q: What are the 3 basic economic problems? Briefly

A: An economic problem is one that arises as a consequence of a scarcity of resources and requires…

Q: B. Refer to the figure below. LRAC a. In the short run, capital is a fixed cost. Draw for a few…

A: Short Run Average Cost (SRAC) is equal to average fixed cost and average variable cost. It is…

Q: Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to…

A: Answers given below,

Q: While domestic institutions play an important role in the globalization process, what are some of…

A: The set of regulations, rules, and mechanisms being created by the government and services of the…

Q: Investment Demand 12 $75 150 225 Investment ($) $50 100 150 Investment ($) AS Quantity of Money ($)…

A: The economy is at equilibrium at the intersection of the AS and AD3. The AD3 corresponds to an…

Q: Suppose a small open economy has the following money demand function: M/P = L (r, Y-T), wherer is…

A: Answer -

Q: Q.2. From the following total utility schedule a. derive the marginal utility schedule. b. plot the…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…

Q: 1. A furniture store sold picnic chair for $22.95 during a promotional sale. The store bought the…

A: Cost of coffee maker = $36 less 40% and 15%   Now the actual cost = 85% of (60% of 36) = $18.36…

Q: If $221 is invested at 15% simple interest, its value after 2.5 years is

A: Given the investment amount = $221 Interest rate = 15% Time = 2.5 years