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How might you design a transferable discharge permit system for solid waste? For phasing out of use a certain type of plastic? For phasing in a program for using recycled newsprint in newspapers?
find the optimal level of pollution as recommended, we need to set total marginal cost = 0, then I have 2 + 2P -3 = 0 => 2P -1 = 0 => P = 0.5 You have already evaluated MCP = 2 + 2P and MCC = -3 B) At this level of pollution, what is the marginal cos..
Based on your answer to this question, should government regulatory activities designed to reduce the scope of lemons problems take the form of economic regulation or social regulation? Take a stand, and support your reasoning.
McDonald's is a force to contend with both domestically and globally. The company has been a success story world-wide because of its focus on marketing details and because it plans globally yet acts locally.Choose a doughnut/cinnamon bun/bread..
If the total cost of producing x toaster-ovens is given by the formula C1x2 = 40 + 12x + 0.2x2 find the approximate cost of producing the 30th toaster-oven.
Now assume that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services, that is, any buyer or sellerwho wants an intermediaries services must pay $8 for them.
you can invest in a project with returns that depend on the amount of your investment. Specifically, the formula relating next year's payoff to your investment today is C1=(-C0 -0.1)^(1/2), c1 c2 are in million dollars.
What are the attributes of a "good" econometric model? What are different types of specification errors? Can one or more of these errors occur simultaneously?
A concert is scheduled to perform at a theater with seating capacity 80. All tickets for this concert are to be sold in advance at a single uniform price per seat. Because too many empty seats can make the concert less enjoyable, the demand curve ..
Ajax, Inc. is a monopolist. The estimated demand function for its product is Qd = 120 - 0.8P + 12Y + 4A Where Qd denotes quantity demanded, P denotes price, Y denotes personal income (in thousands of dollars), and A denotes advertising expenditures
In you are given a pair of supply and demand equations; identify which is supply and which demand. Plot both on the same set of axes and find the point of market equilibrium.
Briefly explain the economic logic behind Grunfeld's model and the expected signs of the coefficients in (1). Run OLS on the pooled data. Explain the possible problem(s) with the regression from part b.
Suppose that for given labor-market conditions [the variable you identified in part (b)], worker bargaining power throughout the economy increases. What effect would this have on the real wage in the medium run? in the short run? What determines t..
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