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If gasoline taxes were significantly increased in the United States, then A. other taxes, such as income taxes, could be lowered. B. some of the government regulations that require automakers to produce more fuel-efficient cars would become unnecessary. C. it is likely that roads would become safer and the environment would become cleaner. D. All of the above are correct.
Your financial planning client wishes to have investment savings in 20 years that will provide $1.0 million dollars of purchasing power, measured in today's (real) dollars. The current balance of the client's investment account is $75,000. In today’s..
There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q)=10q^2+200q+7000. The market demand is P= -4QD+3000. Explain why this is not a long run competitive equilibrium
Assume the market for heating energy. This year it is forecasted to be an unusually cold winter. Explain what will happen to the market for heating energy. Identify the effect on equilibrium quantity and price. What happens to the number of firms in ..
Suppose the production function for coffee (C) is C = min(B,W) where B = beans in pounds and W = water in gallons and the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path is
On the three issues that economics suggests are worth discussing or consideration when seeking an efficient allocation. Discuss these against the backdrop of the ensuing principles or themes that emanate from them as well as how these relate to the s..
What is the principal remaining after 15 monthly payments have been made on a $23,000 four-year loan? The annual interest rate is 12% nominal compounded monthly. Please show all steps.
It seems like you're hoping that MNC will help the consumers if the government focuses too much on helping businesses. I think that the United States government has enough rules and regulations for other large corporations to enter our domestic marke..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. At a price o..
What should be the legal and ethical reaction of the business community for these types of violations? State your opinion as to the impact of conducting business with these countries and the ramifications of doing so.
Identify a topic that you think is an important one for near-term research by environmental economists. What advances in knowledge would you hope emerged from it, and how could it be used to inform environmental policy? Be specific. And make sure you..
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly.
Suppose that in 2013, geologists discover large reserves of oil under the tundra in Alaska. These reserves have a market value estimated at $50 billion at current oil prices. Oil companies spend $1 billion to begin exploratory pumping during that sam..
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