In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some parameter values (e.g. that combined state and local taxes are 12% of earnings). Your guess about those parameter values might be different from what we used in class. What’s your personal guess about the values of those parameters? Take your guess about those parameter values and calculate the size of the externality. Is the state’s subsidy of Binghamton students’ education larger or smaller than the externality through taxes? Do you think the externality through taxes is larger or smaller than the total externality?

Expert Solution

Rahul Sunny answered 2 years ago

In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some parameter values (e.g. that combined state and local taxes are 12% of earnings). Your guess about those parameter values might be different from what we used in class. What’s your personal guess about the values of those parameters? Take your guess about those parameter values and calculate the size of the externality. Is the state’s subsidy of Binghamton students’ education larger or smaller than...

Write a class encapsulating the concept of a Student, assuming that the Student has the following...

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Write a class encapsulating the concept of a Student, assuming that a student has the following...

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Write a class encapsulating the concept of a Student Employee, assuming that a student has the...

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2. If the U.S. wants to maximize tax revenues, should we impose an excise tax on...

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As a student you have probably noticed a curious phenomenon. In every class, there are some...

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1. We are focusing on category of tax-payer referred to as A-class, and are interested in...

1. We are focusing on category of tax-payer referred to as A-class, and are interested in simple random sample of a broader population of Ontario taxpapers (as per subquestions below). The sample size throughout is 580 tax-payers. (a) Here we focus on an Ontario wide sample (i.e., from large population). Assume that 2.8 thousand in every 10 thousand Ontario tax-payers falls within the A-class category. Determine the probability of finding 290 or more A-class among this sample (justify any choices...

In class we discussed the calculation of the P/O ratio assuming a c-ring comprised of 9...

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In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

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In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

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