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Sometimes market activities have unintended positive or negative effects outside the market scope. These are called externalities. As a rule maker concerned with correcting effects of gases and particulates emitted through and local power plant, answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?2. Why do you think they each would work?3. What would the benefits of each action be (besides emissions reduction)?4. What would the costs of each action be?5. How would you decide what was the best level of emission reduction?
A new taco making equipment that is same in size and expense to hog dog carts has encouraged more street vendors to begin selling tacos.
What are the characteristics of a Perfectly Competitive Market and what are the Characteristics of a Monopoly?
Why does the burden of sales tax fall completely on customer when the value elasticity of demand is perfectly inelastic; the seller when perfectly elastic.
Discuss how the interplay between economies of density and the properties of hub-and-spoke networks give rise to economies of scope.
The Smith's Company's marketing manager has determine that the price elasticity of demand for its product equals -2.2. According to the studies he has performed, the relationship between the amount spent by firm on advertising and its sales as fol..
The French government has recently increased the retirement age, a decision which is opposed through a large fraction of the French public, especially in students
Examine the basis for the trends in consumption patterns, as discussed in any article and explain what has occurred to change the demand for, or the supply of, the products, and market prices of those products.
What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?
Yearly demand and supply for the Entronics corporation is given by: Qd= 5,000 +0.5I+0.2A-100P and Qs=-5000=100P where Q is the quantity per year,
Businesses usually decide in using automation and labor in production. An automotive environment may have high fixed costs and low variable costs,
Compute the cross-price elasticity of demand between goods X and Y at the given prices. What is the own price elasticity of demand at these prices?
Make a table showing Mankato's marginal cost of newsprint production. Find out the minimum price necessary for Mankato to supply one ton of newsprint?
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