This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sumptuary taxes are often justified on the grounds that _____. a. bad activities should be ... (Read 102 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jul 1, 2018
Sumptuary taxes are often justified on the grounds that _____.
 
  a. bad activities should be discouraged
  b. the rich should pay more
  c. the poor should pay less
   d. merit goods need encouragement

Question 2

Suppose the production function for T-shirts can be represented as q = L0.25K0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is needed.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

Since the slope of the isoquant is -K/3L, one needs to know the level of L. Since K = 1 and q = 2, L must equal 16. Thus, the slope of the isoquant at this point is -(1/48).


altibaby

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jul 1, 2018
Thank you :)


olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Many salmon spawning grounds, such as the Little Qualicum River in British Columbia, consist of wate Many salmon spawning grounds, such as the Little Qualicum River in British Columbia, consist of wate
Hydration is essential to body function, especially engaged in strenuous activities Hydration is essential to body function, especially engaged in strenuous activities
Adolescent females who participate in activities such as ballet are at risk for eating disorders Adolescent females who participate in activities such as ballet are at risk for eating disorders
Gene duplication and mutation: one path to generate new enzymatic activities Gene duplication and mutation: one path to generate new enzymatic activities
Examples of intervention and associated nursing activities Examples of intervention and associated nursing activities
The truck driver subculture, centering on their occupational activities and interests, is also ... The truck driver subculture, centering on their occupational activities and interests, is also ...
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library