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Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria. In November 2000, a nuclear reactor located on the Czech side of the border between the Czech Republic and Austria was turned on for the first time, despite strong popular and political protests by Austrian citizens and the Austrian government. Use the theory of welfare economics to analyze this situation, and explain what the Coase Theorem suggests is the problem and the solution.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
At the end of the one-year contract, what will his "friend" offer John as the price for an extension of the deal?
How does the life cycle also permanent income theories resolve the seemingly contradictory pieces of evidence regarding consumption behavior?
What is the Deadweight loss cause by the insurance policy? What happens to the size of teh deadweight loss if it turn out that the marginal external benefit of visiting the doctor is $50?
Indicate the type of sales promotion that a producer might use in each of the following situations and briefly explain your reasons: (1) A firm has developed an improved razor blade, but customers are not motivated to buy it.
Describe and label substitution effect and income effect. How has welfare of representative consumer in Peru changed with increasing world relative prices.
Illustrate what is the effect of this policy on the interest rate in the long run.
Prove which at the revenue-maximizing quantity, cost elasticity of demand equals one.
What is the unemployment rate among the 500 surveyed people? Consider the following price information: Year 1 Year 2 Cup of coffee $ .50 $1.00 Glass of milk $1.00 $2.00
To assess the impact of those mergers,on industry on consumers and on society as a whole.
Steve believes that Monica has a 25% chance of be Illustrate what is Steve's expected utility from buying.
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
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