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Is it a good idea for the government to require automobile manufacturers to include pollution control devices, and certain safety devices (i.e. air bags) in every car sold in the U.S.? Explain from the context of the definition of externalities.
Assume that the working age population in Tiny Town is one hundred people. If 25 of these people are not in the labor force,
The consumer has an income of $24 per week. The price of a hamburger is $2 and the price of a milkshake is $1. How many milkshakes and hamburgers will he buy each week if he maximizes utility? Illustrate your answer on a graph.
Find out an output which maximizes the total revenue. Calculate the price elasticity of demand at this output.
Suppose you have been hired as an economic consultant to increase your client's sales revenue, and you discover that your client's customers are price inelastic. What suggestions do you have for your client in regard to using changes in your client's..
Calculate GDP using each of the three approachesb. Calculate the current account surplus and GNP. If the coal producer is instead owned by foreigners, what is GNP?
Upon what specific assumptions is this production possibilities curve based?
The cost of the concert ticket is $50. What is the opportunity cost of Tammie's trip to the concert and the monthly productivity of two workers is as follow: Alex 300 Pants & 100 bikes and Joel 100 pants & 50 bikes.
Briefly discuss the advantages and disadvantages of foreign exchange rate targeting and also describe advantages and disadvantages for each tool the Fed can use to manipulate the federal funds rate.
How do graph the demand & supply curves, equalibrium price & quanitity for the following:
Allied Box offers mail order storage containers for fine china producers. The firm is low-cost provider of these boxes with fixed cost of $480,000 per year,
What is the difference in the national income accounts if a firm purchases a car for an executive or the firm pays the executive an additional income to purchase a car?
consider a market where supply and demand are given by qxs -14 px and qxd 91 - 2px. suppose the government imposes a
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