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Q1. Suppose that bargaining as envisioned by the Coase Theorem can take place, and that the homeowners initially hold the right to a pollution-free environment. What quantity of widgets (Q) will be produced per day? Which party will pay the other? What is the range of possible payments i.e., the minimum and the maximum that would be paid?Q =
Who pays?Range of payments:
Q2. What is the difference between a production function and an quant? Explain the law of variable proportions with the help of quant.
q. you sell a commodity in a market that resembles perfect competition and your cost function is cq 2q 3q2.
The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
Assume the current rent is also equal Illustrate one would commonly expect for the future.
Illustrate what is explict opportunicy cost of attending college. what is an implicit opportunity cost of attending college.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Classify each of the following scenarios as an example of adverse selection or moral hazard. Be sure to support your answer! Nordstrom†TM s cannot predict who is going to be a good shoe salesperson.
explain how changes in equilibrium occur as a result of changes in fiscal and monetary policy.
q1. suppose that on january 1 the price of one hundred yen was 0.80 and ppp held. over the year the japanese inflation
Honda uses flexible plants in manufacturing of its cars. Discuss where this method of production results in optimum output.
What Price is plotted on the vertical axis, and quantity is plotted on the horizontal axis.
Explain how does capital help human productivity in relation to farm labor, office help, teaching, or government administration.
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
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