Taxes are a burden and an obligation and people have a negative attitude towards their tax liabilities. In an effort to convince these people that there is a good outcome from the taxes they pay, can you mention a few positive things about paying taxes?

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A: Q1 and Q2 are the two goods in this, and c is the utility. Therefore, making c the subject in our…

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A: Since you have posted multiple subparts, as per guidelines we can solve only the first 3 subparts.…

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Q: Assume that n= 1. The real interest rate is %. (Round your response to two decimal places.)

A:

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A: Alfie's demand for the public good: Q= 55-5P Bill's demand, Q = 80-4P Coco's demand, Q = 100-10P MC…

Q: The inverse demand function is p=50−0.5​Q,   what is the price elasticity of demand and revenue at…

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price level

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A: When price of the good changes, total price effect depends on Substitution effect and income effect.

Q: A monopolist's demand curve: O is perfectly elastic. is the same as the market demand curve. is…

A:

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A: equilibrium is achieved at a point where demand curve intersect the supply curve.

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A: Real growth rate is the growth rate adjusted for inflation. CPI is used to measure inflation rate.

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A:

Q: Diminishing marginal utility means that as more of a good is consumed, A. more income is spent. B.…

A: The correct answer is given in the second step.

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A: Given; In 2018 Money supply= $200 Price of pen= $5.00 Quantity produced= 400 pens

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A: Question solved below,

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A: D(p) or y = 90 − 2p p = 45 - 0.5y C(y) = (1/2)y2 + 600 TR = p*y TR = 45y - 0.5y2

Q: 8. Inflation-induced tax distortions Shen receives a portion of his income from his holdings of…

A:

Q: 1. Suppose a monopoly firm has the following Cost and Demand functions: TC=2Q P=40-2Q MC=4Q MR=40-4Q…

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A:

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A: Oligopoly is a market structure in which few sellers operate in the market.

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A: All A,B,C part solved below,

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A: Total cost is the sum of fixed cost and variable cost.

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A: (C) Consumption function: C = 600 + 0.6(Y-T) Differentiate C w.r.t Y to get MPC => MPC = dC /dY…

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A: Profit maximization refers to a process that which businesses go through to guarantee that they have…

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Q: 10) There is only one bar at a beach, i.e. this bar is a monopoly. A typical customer has the demand…

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A: Introduction Its answer is A) its domestic bank because letter of credit has issued from the…

Q: What is your view on privatizing public services such as water, electricity and transportation?

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Q: Suppose that the utility function of an individual is given by U=Y/2L2, where Y is real income and…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

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Q: What uniform series over periods (1,8) years is equivalent at 15 % compounded annually to the…

A: Given

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A: Due to symmetry of demand and cost functions we can use one firms results for another firm.

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Q: Answer 2 only

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A: Positive cross price elaticity implies that goods are substitutes and positive income elaticity…