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Externalities. A local organic farmer spreads manure over his fields as fertilizer. It smells bad. Her neighbors are also concerned about possible water contamination.
a. What are the conditions of an efficient resolution to this dispute?
b. If there is a law restricting smell and pollution, then what can the process plant do to continue its business? Can there be an efficient outcome?
The price of gasoline can vary considerably across states in the US. The US national average price per gallon last month was $3.55. Do you think that the price of gas in Miami is more or less expensive than the national average? A representative surv..
A town in the middle-of-nowhere is built up around a large 100 meter hill. Since the hill is in the center of a town, it is proposed at a town-hall meeting that a water tower be placed at the top of the hill
Chlorine levels are significant for the safety of recreational pools. If the chlorine level falls below 100 ppm, the swimming pool is not considered safe for recreational swimming. Periodically throughout the week, the lifeguard will sample chlorine ..
discuss the differences between the microeconomic definitions of supply and demand and the macroeconomic differences of aggregate supply and demand. Discuss what determines supply and demand and aggregate supply and aggregate demand.
a key economic adviser to president george w. bush said yesterday he believed that national saving was too low in the
Choose a United States multinational firm. In terms of currency denomination, discuss how the company values its revenues and costs.
the average cost per seat on the 50-passenger floating on air bus companys trip from kansas city to st. louis on which
Find the Cournot solution for the market price and output of mineral water and illustrate with a simple graph and the marginal revenue function facing a monopolist is given by: MR = 200-20Q Demonstrate that firms A and B have an incentive to coopera..
Assume that the following data characterize the hypothetical economy of Trance: money supply = $180 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, i..
a. complete the table above. you do not have to complete any cell with - in it. be careful calculating mc and mr note
Many colleges sell special cards that students can use to purchase everything from textbooks or meals in the cafeteria to use of washing machines in the dorm. Students deposit money in their cards; as they use their cards for purchases.
1. which of the following will ceteris paribus will cause an increase in the supply of whole wheat cereal?a.
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