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Give me some information on taxing pollution. Discuss it using the ideas of externality, supply, and demand. How do we determine the optimal level of pollution? Is the optimal level of pollution zero? Why or why not?
All workers are equally productive also workers vary in their preferences. Compute a worker who values his wage and the risk level according to the following utility functions
What is the equilibrium output of such knives. Illustrate what is the equilibrium output of such knives.
Discuss the consistency of mutual fund performance results, as studied by Goetzmann and lbbotsoni ndifferent between the after tax returns on a corporate bond paying.
Assume total benefits also total costs are given. Elucidate level of Y will yield the maximum net benefits.
Explain why is there free trade among states in the United States but not necessarily among countries.
a. If there are no restrictions on pollution, what amount is discharged b. What is the quantity supplied and the quantity demanded if the government restricts the amount of discharge to Q* but gives the permits away
explain why would elasticity of demand be important to you in determining the products
Some states have had laws limiting the sale of most goods on Sunday. Most customers oppose these laws because they discover Sunday afternoon a good time to shop,
Derive an expression for the marginal utility of good 1, and for the marginal utility of good 2. Using these, solve for an expression describing the slope of an indifference curve: MRS(x1,x2).
Suppose Gillette makes razors and blades. The marginal cost of producing blades is 1 and assume the marginal cost of producing razors is 5. Gillete has a monopoly in the razor market, but the blade market is competitive.There are two types of cons..
Suppose the demand for ABC product has an elasticity coefficient. Explain how many it will sell per month if the price
A Wall Street Journal article, "As Fear of Deficits Falls, Some See a Larger Threat," describes the following threat of a high U.S. budget deficit: [T]he investors who finance our deficits by buying Treasury bonds and bills, especially the foreign..
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