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Evaluate the following statements are true, false or uncertain
a) A cost-effective policy is always socially efficient
b) Enforcement costs are critical to the success of environmental program and should be included in the overall social costs of the program when evaluating different policy options
c) The Coase theorem states that social efficiency can be obtained through bargaining and that the gain to each party involved will be identical regardless of who has the rights
Their government seeks counsel on the wisdom of a relative emphasis on health and health investment versus other forms of economic investment.
The relationship between marginal revenue and elasticity is when demand is elastic marginal revenue is positive and when demand is inelastic marginal revenue is negative
Suppose that a person always consumes 3 scoops of ice cream with 1 ice cream cone. Show such preferences in an indifference curve mapping with ice cream cones on the x-axis.
Additional regulation in a sector of the economy is socially advantageous whenever the marginal benefit to society of additional regulation is less than, is the same as, or is greater than the marginal cost to society.
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
Suppose that the learning effect coefficient in the production of wrist watches is -0.2. If the average cost of producing the first watch is $100, what will be the average cost of producing the 40 th watch?
Ilustrate what is the equilibrium cost in the corn chip market. How many corn chips will be bought by children and how many by adults.
Compute the unweighted-average nominal tariff rate for Tarheelia nominal tariff rate for Tarheelia.
According to Wade, higher corporate ___________________ tend to make for more financial fragility than do lower ones.
A purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. His five acres of land Elucidate how.
If the annual benefits are $30,000, the annual disbenefits are $4000, the annual operating and maintenance costs are $6,000 and the annual worth of the initial cost is $9,850, what is the conventional benefit to cost ratio of a 50 year project?
Illustrate the marginal revenue curve that corresponds to positive marginal revenue. Line segments will automatically connect the points.
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