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Q1. Suppose the environmental standard is too stringent. What does this imply about the relationship between the MSC and the MSB of abatement
Q2. Suppose that w = 0.75, π = 0.8, h = 16, and T = 6. Determine the consumer's optimal choice of ?consumption and leisure, and show this in a diagram.
Q3. Draw and explain production possibility frontier for an economy that produce milk and cockiest. What happen to this frontier if disease kills half of economy cow's population?
Q4. What are some fiscal policy recommendations being recommended by current leadership?
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
Country Z is a developing country that is facing problems of deforestation.
Suppose you work in a financial institution, how you would advise your clients.
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Discuss the importance of a well-developed compensation plan in attracting as well as retaining good employees as well as how to keep those plans from "working too well."
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
In which directions are they pushing or pulling the U.S. economy. Also, do you think the gap between real GDP and potential GDP will widen or narrow.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
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