A monopolist with a demand function and total cost faces per-unit tax of $12. By how much the consumer price will increase?
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Which of the following best describes the concept of liquidity trap?
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Maria earns 12 per hour in her current job and works 35 hours a week. Her disutility of effort is equivalent to a cost of2 per hour of work. If she loses her job, she will receive unemployment benefit equivalent to 6 per hour. Additionally, being unemployed has psychological and social costs equival
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A project has average estimated cash flows of 3,000 per year with an initial investment of9,000. Depreciation is straight-line with no residual value and the project has a five-year life span. The company has set a Required Rate of Return (RRR) equal to 15% and a target payback period of 2.5 years.
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Country A's production possibility frontier is given by the equation X2 + Y2 = 200. Country B's production possibility frontier is given by the equation X + Y = 100. Choose the correct statement.