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1. Suppose that the only way to reduce pollution from paper production is to reduce output. The government imposes a tax equal to the marginal harm from the pollution on the monopoly producer. Show that the tax may or may not raise welfare?
2. Do publishers sell the socially optimal number of managerial economics textbooks? Discuss in terms of public goods, rivalry, and exclusion.
3. You and your roommate have a stack of dirty dishes in the sink. Either of you would wash the dishes if the decision were up to you; however, neither will do it in the expectation that the other will deal with the mess. Explain how this examples illustrates the problem with public goods and free riding?
In the two goods consumer demand setting, an increase in one of the prices of a given level can have the same effect on the budget constraint as a given (maybe different) increase in income. A consumer who can borrow and lend at a constant interest r..
Assume which the mix of fiscal and monetary policies is changed such which the money supply is increased by 100 while the government.
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
A bond was purchased for $2100.Intrest of $110 was paid every 6 months. The bond was sold at the end of the third year for $2000.What is the annual effective rate of return earned on this bond?
One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
students are required to write an essay on a significant recent economic event or activity.discuss an economic activity
q1. suppose that any punitive damages awarded to the plaintiff were to be paid not to the plaintiff but rather to say a
Evaluate the importance of gold as an international asset. Discuss the historical importance of gold as an international reserve asset, including the functions it fulfilled. Finally, discuss whether the United States should return to the gold stan..
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
What is the effect on East Asia's Willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia's good-growing seasons in food affect the equilibrium international price ratio?
A friend of yours just bought a new sports car. Her $35,000 car loan is financed at an interest rate of 0.75% per month for 48 months. How much is the monthly payment of her loan?
A clinic has incremental costs per case of $10 and overhead costs of $100,000. It faces a price elasticity of demand of -2. What is the clinic’s profit-maximizing price? (Round to the nearest whole dollar)
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