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66. Suppose that Rosa is considering migration to another country. To move, she will have to spend $5,000 on transportation and $4,000 in application and

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66. Suppose that Rosa is considering migration to another country. To move, she will have to spend $5,000 on transportation and $4,000 in application and other processing fees. Rosa's stream of future earnings in her home country is $500,000. She expects to earn a stream of future earnings of $800,000 in another country. Based on this information, Rosa's implicit cost of migrating is Select one: . a. $9,000. x b. $509,000 c. $5,000 d. $500,000. 26. Suppose that government imposes a specific excise tax on product X of $2 per unit and that the price elasticity of supply of X is unitary (coefficient = 1.. If the incidence of the tax is such that the producers of X pay $0.10 of the tax and the consumers pay $1.90, we can conclude that the Select one: a. demand for X is unitary elastic. b. demand for X is inelastic c. supply of X is inelastic. x d. demand for X is elastic

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