Suppose that the supply curve for land is perfectly vertical. a. True or False: Although the Fabians
Question:
a. True or False: Although the Fabians were wrong to argue that a 100% tax on land rents entails no social loss, it would be right to argue that a 99% tax on land rents entails no social loss.
b. Would your answer change if it requires some effort for landlords to locate the highest bidder for their land?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a In the simple case where there is a homogeneous product called land the Fabians are correct ...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Suppose that the supply curve for solar panels is as shown in the diagram: The government decides that it would like to increase the quantity of solar panels in use, so it offers a $20 subsidy per...
-
Suppose that the supply curve for a basic commodity is very steep (positively sloped, but almost vertical) Would the imposition of a price ceiling on that commodity tend to have a relatively large or...
-
The figure below shows the supply curve for tennis balls, S 1, for Drop Volley tennis, a producer of tennis equipment. Use the figure and the table below to give your answers to the following...
-
At December 31, 2020, the following information was available for Tai Lin Goods: ending inventory HK$400,000, beginning inventory HK$580,000, cost of goods sold HK$2,842,000, and sales revenue...
-
Explain and draw the structural feature of a dideoxyribonucleotide that causes chain termination.
-
A man stands on a platform that is rotating (without friction) with an angular speed of 1.2 rev/s; his arms are outstretched and he holds a brick in each hand. The rotational inertia of the system...
-
A thin-walled filament-wound composite pressure vessel has fibers wound at a helical angle , as shown in Figure 1.45. Ignore the resin matrix material and assume that the fibers carry the entire...
-
An investment banker is analyzing two companies that specialize in the production and sale of candied apples. Old-Fashion Apples uses a labor-intensive approach, and Mech-Apple uses a mechanized...
-
Presented below are selected transactions of Kingbird Company. Kingbird sells in large quantities to other companies and also sell product in a small retail outlet. March 1 Sold merchandise on...
-
For n = 12 year-2007 model sedans whose horsepower is between 290 and 390, the following measurements give the time in seconds for the car to go from 0 to 60 mph: (a) Find a 96.14% confidence...
-
Evaluate the following methods of providing an army. Rank them in order of preference from the point of view of (a) Young people, (b) Consumers of military service, (c) Economic efficiency. Assume...
-
Suppose the equilibrium price of haircuts is $2 per haircut. A new law sets the price at $5 per haircut and requires certain demanders to buy as many haircuts as suppliers want to sell at that price....
-
Danner Company expects to have a cash balance of $45,000 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $85,000,...
-
The bisection method is applied to compute a zero of the equation 2 - x - x - 4 = 0 in the interval [1, 9]. The method converges to a solution after....... iterations (i) 1 (ii) 2 (iii) 3 (iv) 5 (v) 7
-
A software engineer who is unable to find work due to the automation of certainprogramming tasks is defined as what?
-
How does an individual's identification with their role influence their level of engagement and commitment?
-
A 1 7 0 0 kg car moves along a horizontal road at speed v 0 = 1 0 . 2 m / s . The road is wet, so the static friction coefficient between the tires and the road is only s = 0 . 1 3 3 and the kinetic...
-
Gold has a density of 1 9 . 3 gm / cm 3 . If a gold coin has a mass of 6 0 . 0 grams and a thickness of 0 . 3 0 0 cm , what would you estimate its diameter to be ? Give your answer in units of...
-
Find the minimum and maximum values of the function subject to the given constraint. f(x, y, z) = x + y + z, x + 3y + 2z = 36
-
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
-
When a database eliminates companies that cease to exist because of a merger or bankruptcy, this can result in: A. look-ahead bias. B. back-testing bias. C. survivorship bias.
-
The Ajax Corporation purchased a railroad tank car 8 years ago for $60,000. It is being depreciated by SOYD depreciation , assuming a 10-year depreciable life and a $7000 salvage value . The tank car...
-
The Quick Manufacturing Company, a large profitable corporation, is considering the replacement of a production machine tool. A new machine would cost $3700, have a 4-year useful and depreciable...
-
The Plant Department of the local telephone company purchased four special pole hole diggers 8 years ago for $14,000 each. They have been in constant use to the present. Owing to an increased...
-
Giving a test to a group of students, the grades and gender are summarized below A B C Total Male Female 10 3 15 28 8 20 19 47 Total 18 23 34 75 If one student is chosen at random, Find the...
-
K A universal set U consists of 16 elements. If sets A, B, and C are proper subsets of U and n(U) 16, n(An B) = n(An C) = n(BNC) = 6, n(AnBn C) = 2, and n(A UBU C) = 14, determine each of the...
-
Without solving, say whether the equation has two solutions, one solution, or no solution. The equation has because (x+4) = 19
Study smarter with the SolutionInn App