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Q1. It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution which the atmosphere or a body of water can safely recycle also sells these limited rights to polluters. From an economist's perspective, illustrate what would be the advantage of such a marketplace for pollution rights?
Q2. Q1. T-Shirt Enterprises is selling in a purely competitive marketplace. Its output is 300 units, which sell for $1 every. At this level of output, marginal cost is $1 also average variable cost is $1.50. The firm should:
Increase output to 350 units
Produce zero units of output
Decrease output to 250 units
Continue to produce 300 units
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
How would a law preventing landlords from charging above $900 give different results. What is such a price restriction called.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
An individual likes owning cars is better. In order to own a car, an individual must have a 1:4 ratio of frames to tires.
Besides elections and campaigns, do the major political parties influence public values and ideas.
Wwhat is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation
School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.
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