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Author Question: Suppose the price elasticity of demand for Mexican food is 1.23 and the price elasticity of supply ... (Read 215 times)

mwit1967

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on: Jun 29, 2018
Suppose the price elasticity of demand for Mexican food is 1.23 and the price elasticity of supply is 0.47. If the government imposes a tax on Mexican food, do buyers or sellers pay most of the tax? Why?
 
  What will be an ideal response?

Question 2

The marginal cost of labor, MCL, is defined as the
 
  A) total cost of producing a certain amount of output.
  B) total cost of hiring an additional worker.
  C) additional cost of hiring an additional worker.
  D) additional fixed cost of producing an additional unit of output.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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kusterl

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mwit1967

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
Excellent

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