1. Compare the minimum the effects on alcohol consumption of imposing unit price of alcohol with raising the duty Cas fixed percentage) on alcohol drinks. What are the of the two policies for the revenue implications government ?

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Q: 12% per year. For the cash flows shown, use an annual worth comparison and an interest rate of First…

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Q: Consider a duopoly, i.e., an industry with only two firms: firm A and firm B, making the same…

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A: The present worth or PW method is quite famous in industry because all future costs and revenues are…

Q: )  Suppose that the two firms engage in Cournot competition. Find the equilibrium price PNE in the…

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Q: Suppose your utility for goods x1 and x2 is represented by the following utility function:…

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Q: Estimate the following model: purchase = β0 + β1traditional + β2aggregator + β3substack

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Q: How can the theory of duality help policymakers regarding supply-side economics? Discuss.

A: The theory of duality is a very advanced and powerful and important concept. This theory was…

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Q: EXPLAIN WHY THE PRICE ELASTICITY OF SUPPLY IS LARGER WHEN INPUTS ARE READILY AVAILABLE

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Q: Which of the following is a corrective tax that aligns private incentives with society's interest? O…

A: Macroeconomics refers to the branch of economics dealing with the performance, structure, behavior,…

Q: Assume the following: Price that buyers pay = $22 Price that sellers receive = $25 What must be the…

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Q: Abdul’s utility function is given by U A 5 M A 2 y M B , where M A is Abdul’s wealth level and M B…

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Q: A young Thomas Edison makes 20 light bulbs a week in his dorm room. The parts for each light bulb…

A: The selling price = 5.25 Costs per unit = 2.25 No. of units =20

Q: The following table shows Margaret's and Dennis's willingness to pay for Quantity of Cookies 2…

A: We have given our willingness to pay for the quantity demanded from 1 to 5.  We know that the demand…

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Q: Question 30 There are two countries in the world, A and B. Suppose the central bank in country A has…

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Q: Adam Smith observed that the division of labour is limited by the size of the market. Which one of…

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A: MR, marginal revenue is the increase in revenue gained from selling one more unit of the good.

Q: Country A has 6 million workers and Country B has 9 million workers. Each worker in Country A can…

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A:

Q: Question 1: Explain why the following statement should hold: Əv(p, w) Əv(p, w) Opi Әрк = 0 for any…

A: Let us assume that ∂v∂pk=0as well as∂v∂pi=0 It means v only changes with w that is wealth

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Q: Discuss how duality theory can help policymakers with regards to supply side economics.

A: The duality theory refers to the relation between quantity and price which we develop through…

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A: Marginal utility measures the change in total utility to the change in quantity consumed.  i.e.,…

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Q: 6. The monetary base is composed of: Reserves a. b. C. Coins and notes issued by the Fed Currency…

A: 17. When the interest rate is adjusted for inflation, it is the real interest rate. Hence, we can…

Q: What is the inflation tax, and how might it explain the creation of inflation by a central bank?

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