1.If the government places a $500 tax on luxury cars, will the price paid by consumers rise by more than $500, less than $500, or exactly $500? Explain.
2.Please be sure to answer items a, b, and c!
Melissa buys an iPhone for $240 and gets consumer surplus of $160.
a. What is her willingness to pay?
b. If she had bought the iPhone on sale for $180, what would her consumer surplus have been?
c. If the price of an iPhone were $500, what would her consumer surplus have been?
3.What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?
4.What are some arguments in favor of raising the minimum wage? On the other hand, what are some arguments against raising the minimum wage? What does economics suggest that the effect of raising the minimum wage will be on the quantity of entry level jobs available
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more