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Which of the following is an example of an external cost?A. secondhand smokeB. increased gas prices for drivers of SUVsC. the cost you pay your plumber to install a new hot water heaterD. your high electric bill that results from leaving your lights on all night2. Price controls instituted by President Nixon in 1971A. generated shortages in the markets for construction, wool, oil, steel bars, toilets, jeans, and others.B. generated shortages, confined mostly to just the markets for gasoline and oil.C. were successfully able to control inflation by 1973.D. were set above the equilibrium prices and made little impact as a result.3.If a tin of sardines creates a noxious odor for non-sardine-eaters equivalent to $1 per tin, the government could correct the odorous externality and achieve an efficient outcome byA. taxing sardine tins at a rate of $1 per tin.B. subsidizing sardines tins at a rate of $1 per tin.C. capping total sardine consumption at 1000 tins per day.D. banning sardines.4 In 1974, there were ________ airline firms operating in the United States.A. 10B. 79C. 38D. 165When speculators are right, they make society better off. TRUE OR FALSE
develop standards for ethical and moral conduct in the form of a code of ethics.nbspnbsp as part of this assignment
Write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service
What is the optimal level of production of wine decanters and what is the marginal revenue from the last wine decanter sold and what are the total revenue, total cost, and net benefit (profit) from selling the optimal number of wine decanters?
1. show what happens to producer surplus worker surplus and the gains from trade as workers migrate from a low- wage to
question 1lasting toys is experiencing quality problems on its assembly line. every defective toy that leaves the
Suppose that the Federal Reserve thinks that a stock market bubble is occurring and wants to reduce stock prices. What should it do to interest rates?
Suppose a chocolate bar manufacturer promotes its products by advertising and opportunity to win a ‘free car’. Is this car free because the winner pays zero for it?
1. Between 2007 and 2010, what are the most important strides Walmart has taken in support of its sustainability strategy? Why? 2. What are the greatest challenges/risks that threaten its efforts? Why?
Given production function
Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabili..
We typically focus on firms from well-developed economies entering markets of less developed economies. Do firms from less developed economies have a chance of success if they enter developed markets such as the United States What competitive adva..
Years Round-trip fare Average parking rates
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