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Suppose the government currently raises $100million through a 1-cent tax on widgets

Principles of Macroeconomics | 6th Edition | ISBN: 9780538453066 | Authors: N. Gregory Mankiw ISBN: 9780538453066 473

Solution for problem 8 Chapter 8

Principles of Macroeconomics | 6th Edition

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Principles of Macroeconomics | 6th Edition | ISBN: 9780538453066 | Authors: N. Gregory Mankiw

Principles of Macroeconomics | 6th Edition

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Problem 8

Suppose the government currently raises $100million through a 1-cent tax on widgets, andanother $100 million through a 10-cent tax ongadgets. If the government doubled the tax rateon widgets and eliminated the tax on gadgets,would it raise more tax revenue than it doestoday, less tax revenue, or the same amount?Explain.

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MGMT Week 8 Notes ● Organizational change ○ Need a sustainable competitive advantage ○ Necessary to innovate ○ Need to motivate employees so they want to create/innovate ● Theresa Amabile ­ How to Kill Creativity ○ Creativity is unintentionally undermined ■ Company’s focus on coordination, productivity, and control ○ Creativity is: ■ Thinking imaginatively ■ Expertise ■ Motivation ○ How does one manage for creativity ■ Intrinsic motivation is the easiest component to influence ● 6 principles: ○ Challenge ○ Freedom ○ Resources ○ Work ­ group features ○ Supervisory engagement ○ Organizational support ● Peter Theil ­ “Even if you are not intentional about your company’s culture, you will still have one.” ● External forces that drive change: ○ Economic conditions ○ Competitor’s

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Chapter 8, Problem 8 is Solved
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Textbook: Principles of Macroeconomics
Edition: 6
Author: N. Gregory Mankiw
ISBN: 9780538453066

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Suppose the government currently raises $100million through a 1-cent tax on widgets