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a. Consider our competitive market, describe by the supply and demand model. If there are no externalities, explain why economists describe the competitive equilibrium an efficient.
b. Suppose instead that all of the firms in this market vent an ozone reducing chemical into the atmosphere as a consequence of their production actives.
1. Is this new outcome efficient? Explain with help of a diagram
2. Do these firms have an incentive to reduce their pollution? Explain with help of a diagram
3. Modern economists suggest 2 solutions for the pollution problem above. Explain how a pollution tax and an emission permit trading scheme can both "solve" the problem of pollution.
4. Suppose the polluter from above is not a competitive industry but instead is a monopolist. How does this complicate your analysis of the pollution problem and its solution?
Elucidate how the solow growth model differs from models of endogenous growth with respect to the sources of technological progress and returns to capital.
This statistic elucidates how that government antimonopoly strategy has been applied more harshly to the textile industry than to the automobile business.
How to prepare a Time-Series Model that explains how that organization is detailing the trends, business cycles, seasonal variations and random fluctuations?
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Why organization chosen lower prices to increase revenue.
Over the business cycle,
What are the four categories of human capital typically found in a group of ten workers. For each category, please identify a basic strategy that should be used with each group to maximize effectiveness
describe whether that combination leads to more or less growth over the next period.
Suppose disposable income is expected to increase by 5 percent next year. Assuming all other factors remain constant, forecast the percentage change in the quantity of haddock demanded next year.
In a well-researched essay, explain how the company has used the consumer decision process model to effectively market the product or service to you. This essay should detail the strategy based on the model, explain why the strategy was successful fo..
Find an article (newspaper, magazine, or online) that identifies a shift change in supply and demand. Use the article to answer the questions: Indicate if the shift has already occurred, maybe occurring currently, or may occur in the future. Is the m..
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
Government budget going from deficit to surplus and the simultaneous enactment of an investment tax credit.
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