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Given what you know about the likely effects of climate change, how are people in different countries likely to value efforts to reduce the rate of global warming? Pick a number of countries and explain how their “average” citizen is likely to feel about climate change. Within the US, are there likely to be differential regional and/or occupational responses to policies designed to reduce the rate of global warming?
Find the optimal output and retail price for a vertically integrated monopolist, either using a graph or calculus. Illustrate answer with graph.
Explain effect of an open market purchase on interest rates. Make sure you discuss liquidity effect, real income effect, price level effect and inflationary expectations effect.
Will these monopolies typically earn economic profits. Why do not other airlines enter these monopoly routes.
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
Illustrate what is the cost of producing 10 units in the short run? First conclude how much labor is needed.
An equal number of consumers who have a willingness to pay of $119 are allowed to buy the good at a price of $99. How will consumer surplus be affected.
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
How each market participant cares only about their own self interest rather than about the overall efficiency of resource us
Illustrate what is the average inflation rate. Elucidate how would that affect the inflation rate.
Assume that after the exchange of one permit, the marginal cost of abatement is for the firm that sold the permit for $170 also the marginal cost of the firm
Discuss how elasticities should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why.
Compute effects of an appreciation and a depreciation in the exchange rate on the price of its output in that country and the likely effects on the demand for its output.
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