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In each case, indicate whether the statement as given is true/false/uncertain and explain why. Points will be given for the explanation of your answer only. Write your answers as completely as possible.
1. If a polluting firm (for example, a steel producer) is also a monopolist in its output market, the appropriate pollution tax should be even higher than the standard Pigouvian tax in order to discourage both the firm’s pollution production and its monopolistic behavior.
2. In the case on an ambient pollution problem, where the government sets a target level of ambient concentration, a cost effective allocation of pollution is one where firms have the same marginal savings from emissions (or equivalently the same marginal cost of emissions reduction).
q. television channel operating profits vary from as high as 45 to 55 percent at mtv as well as nickelodeon down to 12
The defined benefits pension fund of G-Tech Electronics has a net value of $2.71 billion. The company is switching to a defined contribution pension plan.
Explain the Miami plant which is closed or continue to operate at a loss in short run.
Consider the following annual data on approximate cigarette sales and cigarette producer advertising expenditures over the 1986-1990 period: Discussing the direction of the relationship between the two variables and ii) discussing whether or not the ..
Which of the following factors did NOT lead to the development of the Feudalist society?
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
The marginal damage to your neighbor's business is a function of how many alligators you keep and the amount of money spent on a fence that separates your properties:
Explain how has the recent natural disaster in Japan influenced the provider of Toyota automobiles.
Illustrate what happens to output and the optimal scale of a firm, and price if there is a free entry into the market.
the central bank raises the actual inflation rate to 4% which sequence is most such way to occur.
Suppose a monopolistic competitor and long-run equilibrium has a constant marginal cost of six dollars and faces the demand curve given in the following table: What output will the firm choose? What will the monopolistic competitor's average fixed co..
Between 1970 and 1976, average inflation rate of Country X was about 35 percent per year. With that rate of inflation, prices would double about every ________ using the rule of 70.
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