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Question: For this assignment you are to read the attached articles, "Trouble in Happyville" by Paul Portney, and "Letting Environmentalists' Preferences Count" by Peter Van Doren and write a reaction or response. Try to focus your response on the specific issue of, should preferences regarding imaginary risks count, and if not, why not? Can imaginary risks even be identified in practice? Your response should be 2 to 3 pages (double spaced). It is due Thursday, October 4.
How might the company use secondary research? How might they use primary research? What might this company do in the future to expand its research? Include your rationale.
Calculate the government revenue, consumers’ tax incidence, producers’ tax incidence, and deadweight loss in both Beijing and Qingdao due to the excise tax in each city.
In an X/Y diagram where you measure current income/consumption along the horizontal axis, illustrate the individual's endowment.
Explain why the monopolistically competitive industry is said to be inefficient with "too many firms, each producing too little output." Explain what might offset this inefficiency from the point of view of consumers.
How does the technology of agricultural production in use differ in, say, the Sudan from that used in a developed nation, like the United States?
An illegal cross-licensing agreement to share their patents, what common royalty rate should they charge each other to maximize their profits?
Can the nominal interest rate ever be negative? Explain.and Can the real interest rate ever be negative? Under what circumstances can it be negative? If so, why not just hold cash instead of bonds?
In the following question, all dollar values are expressed in thousands of dollars. Suppose that the total city-wide demand function for private school seats Q is given by: Q(p) = 24710 - 2500p
Over this long run of time, how do you think the price of wine changed? What happened to the profits and supply of California grape producers
Assume the inflation rate in Canada to be 5 percent per year for the indefinite future. How much would a Canadian dollar, at the end of 10 years, be worth in terms of today's dollar?
Policy application. Suppose that your state currently has a uniform assessment rate of 10 percent, but is considering changing to a classi?ed system.
What are some major disadvantages of the automatic adjustment mechanism under a system of fixed exchange rates?
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