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In a sentence or two explain why the pigouvian tax depends on knowing both pmc and demand. If total damages are linear, do we still need to know PMC and demand in order to set the optimal tax?
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To increase income by $120 when the slope of the curve showing the relationship among your income and work hours is 8, how many extra hours will you need to work? In a market economy, what encourages firms to develop new products and production proce..
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a
A car dealer leases a small computer with software for $5000 per year. As an alternative be could buy the computer for $7000and lease the software for $3500 per year.
a knitting mill sells about 20000 units of its product per year at an average price of 10 each. fixed costs amount to
analyze the short run and long cost functions for the low-calorie microwaveable food company given the cost functions
If the Federal Reserve buys a $10,000 government bond from an individualin the economy, what is the initial effect on the money supply? What is the ultimate effect on the money supply?
If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year.
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
Suppose the feder reserve adopts a tight money policy to slow the economy down because of its concern about potentially rising inflation inflation. Show this policy outcome graphically using the IS-LM model assuming people believe the new policy is t..
What is the maximum capital cost of the conversion unit for which a refiner should proceed with the investment and what does this tell you about the significance of estimating future product prices?
The Fed’s decided to maintain its low interest-rate target in the face of a rightward shift of the AD curve in the late 1960s which led to an inflationary equilibrium. Discuss the long-run and short-run costs and benefits of the Fed are other two opt..
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