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Microeconomics Assignment
From the list below, please choose a particular environmental policy that is being used in the United States. Write a 4-5-page paper (including the title page and reference list), that accomplishes all of the following:
1. Explains the policy2. Gives an example where it has been used3. Explains why it is has improved the problem it was meant to correct4. Explains how economic principles are used in the design of the policy
Policies
• Carbon tax• Cap and trade• Emissions taxes• Environmental standards (command and control)• Subsidies for firms that invest in clean technologies.
government introduced an earned income tax credit. This reform has been considered controversial. a. Analyse the likely effects of the tax credit. b. What are the arguments in favour of the tax credit
Calculate the sectoral gross outputs if the new vector of final demand, as row vector, for year 1948 is given asFDt = f42100 68500 1567001
What would you advise NUMMI management to stop doing, start doing, or do better? Discuss what are the lessons to be learned about motivation from the practices of NUMMI?
Private and Public Goods) Distinguish among private goods, natural monopolies, open-access goods, and public goods. Provide examples of each. a. What is the external cost per unit of production
suppose a monopolist faces the following demand curvep 90 2q. marginal cost of production is constant and equal to 10
Describe several farming techniques
The human resources department worked with management to carefully craft a Code of Ethics. All employees received a copy of the code and were required to sign off stating that they had read the code and agreed to abide by its conditions. If an issue ..
What does the opposition have to gain? The supporters? Support your evaluation of the impact with at least two pieces of evidence. The evidence can be a general evaluation of the change (e.g., doubled output), or any compelling argument based on f..
Assume there is an increase in the price of electricity (which is the result of a decrease in the supply of electricity), and electricity and natural gas are substitutes. How would this affect the demand for natural gas, and what would happen to the ..
What is the expected present discounted value of each of these plans if the interest rate is 1%? 10% and Which plan would you choose in each case?
you have just started work for a small company fitco that develops private fitness clubs in small towns. fitco buys or
With the advertising budget of $40,000 (use 40), calculate the elasticity of advertising using Q you obtained in (b)? Interpret the result. What would happen to a constant term in a new reduced demand equation as a result an increase in advertisin..
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