. Taxation and comparative statics with small changes:
a. Given that ??/?? represents the tax incidence on consumers in equation, (??/??= ?/(?−?))what is the expression for the tax incidence on firms in terms of η & ε. What does the sum of the tax incidence on consumers and firms equal? In no more than two sentences, explain why they must sum to this number.
b. Now consider another scenario, the imposition of a specific tax (?) that is paid directly to the
government by consumers rather than by firms as in part (a). Under such a tax, the equilibrium
condition is now: ?(?∗(?) + ?) = ?(?∗(?)). This condition sets a general demand function equal to a
general supply function, shows that the equilibrium price P* is an implicit function of ?, and makes
explicit that the amount now paid for the good by consumers with the tax is ?∗ + ?. Use this equilibrium
condition to find ??/??.
c. In part (a) P* represents the price consumers pay. What does P* represent in part (b)?
d. Should it be surprising that your answers to parts (a) and (b) represent the same tax incidence for firms?
Support your answer in no more than three sentences.
In: Math
the morphological changes that occurs in an organ determine the clinical features, course, and prognosis of the disease discuss
In: Anatomy and Physiology
identify and briefly describe the significant physical and physiological changes that occur in the middle and late childhood developmental periods.
In: Psychology
Discuss the business and legislative changes that have resulted in an increased awareness of the sourcing of transportation and logistics activities.
In: Operations Management
ECONOMICS
(a) Use a graphical approach to explain the effect of the following changes.
i. A new Covid 19 face mask, made in America, is successful in sales to canada.
ii. canada reduces its interest rate compared to the U.S., causing investors to sell canada’s bonds and buy U.S. bonds.
iii. Canadians, unhappy with monetary unification, transfer their bank balances to the U.S.
iv. Briefly explain the five functions of money.
In: Economics
9. Development of new technology results in changes in the process and the layout. Comment on the above statement. Give examples if you can from your own observations.
In: Operations Management
Please make the following changes to the following code:
#This program takes in the first and last name and creates a userID printing first letter of first name and first 7 characters of last name
#by Abi Santo
#9/20/20
def main():
print("This Program takes your first and last name and makes a User ID")
f_name = str(input("Please enter your first name ")).lower()
l_name = str(input("Enter your last name: ")).lower()
userID = str(f_name[:1]+str(l_name[:7]))
print(userID)
main()
If a "True" value is received from checkFirstCharacter (see above), then main() will call checkRemainingChars(), passing the remainder of the password. checkRemainingChars() will check to see if the remainder of the string is alphabetic or numeric, and return a True or False value back to main().
If either checkFirstChar or checkRemainingChars returns a value of "False", main() will issue an appropriate error message (specific to which was in error), and prompt the user for a new password.
Once the entire password has been validated, main() will print a "Password accepted" message to the user.
In: Computer Science
a. The changes in account balances of the Samson Corporation
during the year are presented below:
Assets
$356,000
Liabilities
108,000
Capital
stock
240,000
Additional paid-in
capital
24,000
Assuming there are no charges to retained earnings other than for a
dividend payment of $52,000, the net income for the year, should
be
|
$16,000 |
||
|
$36,000 |
||
|
$52,000 |
||
|
$68,000 |
b. Which of the following is not a discontinued account in the income statement?
|
Extraordinary account |
||
|
Unusual or in frequent account |
||
|
Income from discontinued business |
||
|
Impact of accounting changes |
c. United Airlines’ 2016 balance sheet reported the following
(in millions)
Total Assets
$40,091
Total Liabilities
31,485
Contributed Capital 3,573
What was United Airlines’ total liabilities and stockholders’
equity at December 31, 2016?
|
$36,518 million |
||
|
$40,091 million |
||
|
$35,058 million |
||
|
$8,606million |
In: Accounting
Explain how a repurchase changes the number of shares but not the stock price.
A firm’s most recent FREE CASH FLOW (FCF) was $2.4 million, and its FCF is expected to grow at a constant rate of 5%. The firm’s WEIGHTED AVERAGE COST OF CAPITAL (WACC) is 14%, and it has 2 million shares outstanding. The firm has $12 million in short-term investments that it plans to liquidate and then distribute in a stock repurchase; the firm has no other financial investments or debt.
In: Finance
Explain the physicochemical changes that occur in soil due to sodicity and how that leads to soil degradation.
(Note: You can use clear diagrams, chemical formulae and relevant chemical equations)
In: Civil Engineering