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If a fixed number of industrial pollution permits are marketable, then we should just sell the right to smoke to the highest bidders rather than ban smoking outright in many cities, towns, business outlets, bars and restaurants. It would reduce the economic losses and make the market more efficient.
Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?
At the end of 1973 Japan had a per capita real output of $14,379. If, on average, Japan’s real per capita output grew at a rate of 3 percent per year between 1973 and 1993. What would Japan’s output per capita have been at the end of 1993?
The CFO of a company with global operations has a forecast that indicates that the euro will depreciate in value against the dollar by 30 percent over the next year. The company has important operations in the Euro Zone, including a wholly owned subs..
the bureau of labor statistics showed an astonishing 5 percent gain in productivity in 2001s fourth quarter. some
Draw linear PFF representing the tradeoff between hot dogs and buns with 120 million workers available.
thirty-five fourth-grade students were asked the traditional question what do you want to be when you grow up? the
The basic model of pure competition reviewed in this chapter finds that in the long run all firms in a purely competitive industry will earn normal profits. If all firms only earn a normal profit in the long run, firms will develop new products or..
(a) List and describe the three tools of the Federal Reserve. Which of these three is the most important (and it's the most frequently used, too) (b) Continuing with what you answered for part a, explain how open market operations work. Be as comp..
price nbsp nbsp nbsp nbsp nbspnbsp quantity
When prices change, the income effect and substituion effect both contribute to the impact on quantities consumed. Explain how both effect a consumers utility maxization.
Estimate the regression model (E) using the OLS estimator and provide a summary report of the result (i.e., the estimated equation with the standard errors and/or t-ratios with other relevant statistics).
1. what is the major problem in achieving an efficient use of the worlds water? if there were a global market in water
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