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If the marginal benifit curve to carbon emission reductions is relatively flat (relative to the cost curve), explain why a tax might be preferable to a cap-and-trade system
During the construction of a highway bypass, earthmoving equipment costing $40,000 was purchased for use in transporting fill from the borrow pit. At the end of the 4 year project, the equipment will be sold for $20,000. The schedule for moving fill ..
The supply and demand curves are: Qs = - 800 + 15p and Qd = 3200 - 25p. Solve for the market equilibrium. Now suppose a tax of $20 per unit is imposed on consumers. What are the new equilibrium quantity, buyer's price and seller's price? What is tax ..
Illustrate what steps would your group have to take to drive our country out of this economic slowdown and towards a more prosperous America.
Offshore Petroleum's fixed costs are $2,500,000 and its debt repayment requirements are $1,000,000. Selling price per barrel of oil is $18 and variable costs per barrel are $10. Determine the breakeven output (in dollars). Determine the number of bar..
How did Neoclassical economists rationalize a policy of laissez faire with respect to the potential intervention into a market economy by government? Why do modern economists, on the other hand, acknowledge a role for government? Pareto’s definition..
Entering international markets has become a priority for many companies even in the US, which has a large domestic market? Is having a strategic alliance with foreign companies a better alternative to simply appointing distributors and dealers abroad..
Swim Lane Diagram
Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?
Which of the following factors shift the demand curve?
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor and M, materials.; that is, this is a input factor production function. Take the log of the above fun..
Introduce and explain the concept of social welfare - define and describe the laws of demand and supply
According Harvard business professor Michael Porter, which of the following is NOT a viable strategy to achieve competitive advantage? According to Maslow, which need is the highest human motivational priority? The market is largest and competition i..
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