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Two firms A and B, making up a sector of the economy, emit pollution (pol) and have marginal abatement costs: MAA = 24- pol and MAB = 24-(1/2)pol. So the total abatement curve for this sector is given by MA = 24-(1/3)pol. The marginal damage function is constant at a value of $12 per unit of pollution emitted: MD = $12.
(a) Draw the MD and market-level MA curves and establish the efficient level of pollution for this economy.
Declare a class named Cuboids with its three data members of type float to have the measurements of the three dimensions - Write all the set functions for each data member to set their values.
Is this a significant improvement? What other classes would you add to the effort multipliers listed in Appendix 7A to improve the capability and accuracy?
A local widgets firm hires you to analyze their cost structure. The firm's industry is nearly perfectly competitive in all requisite characteristics. The company has given you the short run cost functions from existing data: TC=800 +60Q-4.5Q^2+.15Q..
a country is described by the solow model with a production function y k12 where y is output per worker and k is
Assume that before specialization and trade, Latalia produced combination B and Trombonia produced combination C. Assume these two nations now specialize completely based on comparative advantage.
The City of New York has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a year. Paying this salary, each of the 199 firms makes a normal profit on $500,000 in revenue.
Suppose that the Ofce can hire skilled labor h that can ll the forms without using computers. The output of the Ofce that hires h skilled labor, l unskilled labor and k computers is equal to y = l + 10 min (h; k) Solve the long-run cost minimizat..
qd=1000-5p mr=200-0.4q marginal cost is constant at $20. The firm is considering quantity discount. The firs 400 units can be purchased at $120 and further units at $80. How many units will the consumer buy in total
You open a savings account to save for a new house. Everymonth you put $100 into a savings account which pays 5% interestcompounded monthly. At the end of each year you receive a $500bonus which you place directly into your "housefund".
at a price of $1 each, 200 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1). In the long run, a price increase from $1 to..
Suppose that under a new law, all businesses must pay a tax equalto 3% of their sales revenue. Assume that this tax is not passed onto consumers. Instead, consumers pay the same prices after the taxis imposed as they did before.
What if the price of labour relatively cheaper than capital, for labour is $1 and capital for $1000. Two combination produce save amount of output, one is 10 labour and 10 capital, one is 1000labour and 1 capital. The second one cost the least, Can i..
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