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A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two methods in which the Coase Theorem could create an efficient outcome. For each method, make sure to identify the amount of paper produced each week and the amount of any fees or payments required for an efficient solution.
Why does the U.S.'s deficit, surplus and debt have an effect, tax payers, future Social Security and Medicare users?
Global budgets coupled with price ceilings can control total spending as long as
a firm uses two inputs, capital and labor. in the short run, the firm cannot adjust amount of capital it is using, but it can adjust the size of its workforce. What happens to the firm's average total cost curve, the average variable cost curve
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
the u.s. government spends over 33 billion on its food stamp program to provide millions of americans with the means to
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consider the following scenario ppq parts has determined that for the company to expand globally over the next several
Why do firms demand resources? In what way is a firm’s demand for a resource a derived demand? How does this differ from consumers’ demand for final commodities?
What are the short- and long-term economic benefits and costs associated with our current high federal government budget deficits Do you think the economic benefits outweigh the economic costs, or not Why If we wished to reduce the budget deficit t..
how much does the economy have to grow potential output is 3.5 and the unemployment rate is 7.3 in 2014 to bring the
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Draw the budget constraint for the individual with the composite good on the y-axis and food on the x-a..
In the analyses below, when drawing your diagrams assume that students can choose among only two products on campus, namely tobacco and food.
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