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Comparing the allocation without a tax to one with a tax. What are the differences in cumulative amounts extracted and the price paths?
Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs.
Find the equation of the indifference curve containing the optimal point and solve it for x2.
Discuss the importance of strategic alignment and the classical visionary approach of built-to-last companies.
Calculate the price elasticity of demand when the price is 25 and when the price is 30.
Discuss carefully who benefits and loses from such legislation, in the short run and in the long run. Discuss the political economy of such legislation.
Many of the issues of state and local taxation are similar to issues that arise in international contexts. Discuss the incidence of such taxes.
Many firms have employees, plants, and sales in more than one state. In imposing state corporation income taxes. Discuss the consequences of alternative rules.
Why might the federal government nonetheless be in a better position to collect tax revenues than the states?
Show what this does to the budget constraint of the community. How effective are such restrictions likely to be over time, as incomes grow?
he tax reform of 1986 eliminated tax deductibility of state sales taxes. What implications should this have had for how states raised revenues?
By how much would educational expenditures be reduced by the elimination of the tax deductibility of state and local taxes, if the price elasticity of demand.
What would you expect to be the effects on spending on education if the federal income tax deduction for state and local taxes were eliminated?
Discuss the effect of such a matching program on communities that do not go to the maximum. Discuss the effect on communities that go beyond the maximum.
What will be the effect on expenditures on education of a small block grant of $100,000 if presently the community spends 5 percent of its total resources.
Discuss the advantages and disadvantages of state versus national determination of eligibility standards and benefits.
Who first enunciated it almost three-quarters of a century ago. What are the consequences of imposing a tax on oil at the same rate in both periods?
Assume that the supply of oil is inelastic. What is the effect of a tax by all countries on oil? Does it reduce oil consumption?
Use a two-period diagram to show the budget constraint. Explain why this form of IRA account is more likely to increase savings than the traditional form.
Many economists and politicians have argued that moving from an income tax to a consumption tax. Explain the arguments on both sides of this issue.
Evaluate costs factors influencing the company's decision. What environmental factors and risks must be considered in the company's decision-making process?
Find the unemployment rate from the following data: frictional unemployment =150, structual unemployment=200, cyclical unemployement=225.
Explain why the EITC may actually lower total work effort of the poor even Wit increases labor force participation.
What would be the effect of a switch to taxing individuals on the basis of their own income (rather than family income) on labor force participation of wives?
Describe the income and substitution effects of an increase in the interest rate for a borrower.