$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ECON501 Economics For Decision Makers

tag 0 Download9 Pages / 2,187 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


1.Suppose that Jack and Jill draw equal amounts of water from a community well.  Jack’s income is $10,000, of which he is taxed 10%, or $1,000, to support the well.  Jill’s income is $100,000, of which she is taxed 5%, or $5,000, to support the well.   Based on sound economic analysis and using the tools that you have learned in this course—or should have learned—is this scheme fair or unfair?  If unfair, in which direction is that tax policy unfair?  Explain!
2.A town was once plagued by an alarming growth in the number of rats, which ate crops and bit people while they slept and generally made life unpleasant.  The town council, in desperation, decided on strong measures to cut down the rat population.  The town would pay a bonus of so many dollars for each dead rat brought in to the town pound.

Assess this policy measure and its likely outcomes.  What, if any, are the broader implications?

3.Two years ago, Jack Quack bought 1000 shares of ZMQ stock at $1,000 per share.  This morning when he checked he found that ZMQ stock was selling for $62.00 per share.  Advise Jack on what he should do—dump his shares, hold, buy more, what???  (Notes:  There have been no stock splits over the past two years.  Also ignore tax considerations.  And, if it matters, Jack is 15 years from retirement.)

4. “Except for the law of diminishing returns we could feed the world from a single flower pot.”  Evaluate/explain the quote—starting with True or False.

5.The work force of Corporation XYZ is fully unionized.  Assume that the union demands and wins a xx% wage increase.  Under what circumstances will the union induced wage increase lead to an increase in the total wage bill?  (Def.:  total wage bill is the total dollars spent on wages)  Note:  I don’t need help with elementary arithmetic.  I am interested in the economics of the issue.

6.  The Corps of Engineers has done a study and Congress is considering a public works (shovel-ready maybe) project.  It is a flood control system.  The dam and flood control system can be constructed in different sizes or stages, offering different levels of costs and benefits.  The following data reflect the best available regarding costs and benefits.
Stage        Total Cost        Total Benefits
1        $ 55,800        $ 60,000
2           66,900          78,000
3           78,000          95,000
4           90,000         107,000
5          101,400         117,000
6          110,600         122,000

Note:  Both costs and benefits are total amounts—in thousands of dollars.  These are merely alternative levels or stages between which to choose.  That is, Stage 2 includes everything in Stage 1, but the total cost of building a Stage 2 dam is $66,900.  The question is whether to build no dam/flood control system at all; only a smaller scale project which, of course, will cost less and will provide only limited flood control benefits, or to go all out and build a much larger (higher stage) structure that will yield even greater flood control benefits, but also provide recreational and other benefits. 

Use your skills of economic analysis to advise Congress.  However, this time we want good economic advice and not necessarily good political advice. 
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 9 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Economics For Decision Makers. Retrieved from https://myassignmenthelp.com/free-samples/econ501-economics-for-decision-makers/tax-policy.html.

My Assignment Help (2021) Economics For Decision Makers [Online]. Available from: https://myassignmenthelp.com/free-samples/econ501-economics-for-decision-makers/tax-policy.html
[Accessed 16 April 2021].

My Assignment Help. 'Economics For Decision Makers' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/econ501-economics-for-decision-makers/tax-policy.html> accessed 16 April 2021.

My Assignment Help. Economics For Decision Makers [Internet]. My Assignment Help. 2021 [cited 16 April 2021]. Available from: https://myassignmenthelp.com/free-samples/econ501-economics-for-decision-makers/tax-policy.html.

Looking for affordable assignment help Melbourne service? Look no further and get in touch with MyAssignmenthelp.com right away. We are the No.1 choice for students seeking budget-friendly assignment help services. In addition to that, we have designed our writing service with a plethora of freebies, discounts, and offers available around the year. We are not an expensive affair. Considering the students' budget, we have created a personalized pricing plan that varies as per your requirements.

Latest Samples

BMO5501 Business Ethics And Sustainability

Download : 0 | Pages : 10

Answer:  Introduction: The principles of ethics and sustainability are base of numerous corporate concepts and business enterprises that widens the individual and corporate priorities beyond conventional objectives of profitability and shareholders growth. In today’s scenario ethical components are important for firms that goes along with conventional business objectives of delivering service quality and cost management and hence s...

Read More arrow

BUSN4100 Business Research Methods

Download : 0 | Pages : 11

Answer: Introduction To a company marketing is extremely important, which simply because it assists the particular company to achieve an array of consumers thus helps making money by improving its revenue. Nevertheless, it is recommended to be aware there are various ways of marketing the merchandise and assistance regarding a company. A company must, consequently, be eager to check into its sales strategies using the purpose of ensuring that...

Read More arrow

DC411 Digital Communications

Download : 0 | Pages : 8

Answer: Introduction The role of the research paper is to elaborate on specific based on the findings of the researcher. During class discussion, members of the class covered various topics which include PR journalism, regulation, politics, and marketing. In this last assignment, it will narrow down to the topic of politics and research on it based on various requirements. The first step in coming up with this research is to identify one sch...

Read More arrow

BO1CLAW314 Corporate Law

Download : 0 | Pages : 10

Answer Issue In the given case, two people being the directors of the company have done certain acts. The issue of the case is to check whether these two have breached their duties as directors. If yes, what are the consequences of such a breach? Rules A company is an artificial person that can do all the business transactions and can enter into a contract with third parties similar to a natural person, but the same cannot think similar to ...

Read More arrow

BA 3102 Business Society And Ethics

Download : 0 | Pages : 6

Answer: As an employee of a logistics company working in the administration departments, I have come across various cases of moral dilemmas though there is one which really caught my attention. This took place when I was tasked with the responsibility of reconciling the petty cashbook during the usual monthly audits now that the person who was responsible for this task was on his annual leave and naturally one person had to stand in for him an...

Read More arrow

Save Time & improve Grade

Just share requirement and get customized Solution.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

453 Order Completed

98% Response Time

Howard Asuncion

LLM in Criminal Law

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens


London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1758 Order Completed

99% Response Time

William Martinez

MS in Biology

Washington, United States

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

Great work by team i got good marks in every assessment i got credit in every subject


User Id: 391432 - 16 Apr 2021


student rating student rating student rating student rating student rating

Best service forever i was try lot of websites but my friend recommended this one then i got positive reviews and positive comments from the tutors


User Id: 391432 - 16 Apr 2021


student rating student rating student rating student rating student rating

The tutor was very helpful and got the job done quite quickly considering how little time they had to do the assessment. The critical reflections were outstanding and well written! Thank you very much for the hard work!


User Id: 485263 - 16 Apr 2021


student rating student rating student rating student rating student rating

They are fast in revising work and making sure its done properly. great CSS, in addition work is promptly done


User Id: 659253 - 16 Apr 2021


student rating student rating student rating student rating student rating

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?