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a. To help fight the problem of nonpoint source pollution associated with agricultural runoff, your state is contemplating charging an annual fee of $500 to every seller of pesticides. If this fee is to achieve an efficient solution, state specifically according to externality theory
(a) what the $500 fee must represent and (b) in which market.
b. Illustrate graphically, labeling where and how the fee is imposed.
The U.S. government offers significant per unit subsidy payments to U.S. sugar growers. Describe the effects of the introduction of such subsidies on the market for sugar and themarket for artificial sweeteners. Explain whether the demand curve (D..
Examined the statistics for our basketball team"s wins last year and found that, when the third team played more, the winning margin increased. If the coach played the third team more, we would win by a bigger margin.” Evaluate this statement.
Montana is home to a number of firms offering wilderness hunting experiences to wealthy city dwellers. However, the profits of such firms depend on how crowded the "wilderness" is and how many deer are available.
in the textbook there are two circular flow diagrams one that represents the flows in the macro-economy as a closed
Which economic theory seems more accurate to you? Classical or Keynesian theory? In your explanation, describe the key assumptions of the theory you choose and explain why you think those assumptions are reasonable to make. In your answer, incl..
The important Occupancy Ratio is computed
crown cinema recently increased the price of a movie ticket by 5. as a result attendance dropped by 8. based on this
One of the reasons for the existence of agglomeration economies is scale economies in intermediate inputs. Answer the following. What are the 3 conditions that are required for the emergence of agglomeration economies from the sharing of input suppli..
McFadden’s chief engineer recommends that the firm hire 400 hours of skilled labor and 100 hours of unskilled labor. Is this the optimal combination? If the McFadden Company decides to spend a total of $5000 on skilled and unskilled labor, how many h..
One additional advantage Microsoft has is its ability to create a variety of Vista products, some of which have more features than others. Does it make sense for Microsoft to differentiate its product into basic and ultimate Vista editions
Consider total cost and total revenue given in the table below:
What will happen to a country that fixes the price of foreign exchange below equilibrium? What factors will shift the supply and demand for currency? What are the three categories of transactions in the balance of payments? Give an example of each.
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