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Question: Discuss the incentive effects of each of these policies to reduce air pollution:
a. a higher tax on gasoline
b. an annual tax on automobiles based on average emissions
c. an annual tax on total emissions from a particular model of car.
Estimate the equilibrium GDP level (income). At the equilibrium level of output you estimated for Q1 above, estimate the aggregate consumption level. At the equilibrium level of output you estimated for Q1 above, estimate the aggregate saving level. ..
Explain the degree to which the sample and sampling design used in the article were adequate. Explain whether or not the measures of central tendency in the article were appropriately used and why you arrived at this conclusion.
The anticipated time required for each auditor on each job is given in the table below. Use the Hungarian method to determine which auditor should be assigned to which job. You wish to minimize the total time required. What is the minimum total t..
What is the price elasticity of demand for good A? Is the demand for this good elastic or inelastic? What is the price elasticity of demand for good B? Is the demand for this good elastic or inelastic
What do we mean when we talk about "leading indicators"? Just what is a leading indicator anyway - Discuss one of the most important areas of economics, namely the use of leading economic indicators to forecast the future direction of the macroecon..
Assuming that the merger faces some threats and that the steel industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expansion via capital projects.
The marginal cost pricing model computes a mark up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
What are the major components of the current account in the balance of payments? How is the current account balance determined?
A paper mill discharges gunk that causes damage of $200 to the fishermen's business. The pollution damage can be eliminated in one of two ways: the mill can install a filter at cost $300 or fishermen can install a water treatment plant at cost..
Because agricultural demand is inelastic, a technological advance which lowers production costs will reduce total revenue. Thus, farmers have no incentive to introduce such a technique.
What compensation options are available to employers? Describe each. Many have argued that the most important reason for adopting incentive compensation is to communicate to employees how they contribute to the company's success.
Explain briefly why competitive, profit-maximizing firms hire labor until the marginal product of labor (MPL) equals the real wage.
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