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Q1. Why it is generally not reasonable to say that a particular Pareto-efficient allocation is the most desirable allocation that can be reached?
Q2. The marketplace demand curve for a perfectly competitive marketplace is given by p=440-10Q. The marketplace supply curve is given p=4Q+20. Calculate the equilibrium price also quantity in the marketplace..
Q3. Elucidate: Without a marketplace for pollution rights, dumping pollutants into the air or water is costless; in the presence of the right to buy also sell pollution rights, dumping pollutants makes an opportunity cost for the polluter; Illustrate what is the significance of this opportunity cost to the search for better technology to reduce pollution?
Elucidate how each change mentioned in the article impacts upon the aggregate expenditure model.
Antitrust act that bans anticompetitive mergers that occur as a result of one company acquiring the physical assets of another company.
What is the equilibrium cost as well as equilibrium supply.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine.
The demand for bread will fall if more Americans go on a low diet. The cost of bread will fall due to the decrease in the demand for bread.
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
Calculate gross national product and net national product
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