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Suppose the production of a good X damages the environment (i.e. there is a negative externality). Using a diagram, show the dollar amount of ineciency generated by the free market. Briefly explain how a corrective tax or subsidy policy could help reduce the ineciency in the market.
Considering that the beekeeper gets that amount, what range of payments will the farmer admit.
If the price of soybeans increases and all other crops’ prices remain the same, then:
What do you believe is the single most influential force in today's society that sets the tone for an individual's personal values and why? Does this force affect Christians positively or negatively? What is your advice regarding this influential for..
q.mcdonalds add a new tastes and products to menu boardsrecently mc donalds announced the launch of its new tastes menu
The efficient Market hypothesis
For a monopolist, if price is above average total cost, the monopolist is...
The Harley-Davidson motorcycle company, which had a copyright on the word "hog, " applied for exclusive rights to its engine sound. Why would a company want copyrights on two such mundane things?
Imagine you are the director of global business development for a large Swedish engineering company that wants to win a contract to build roads in Kenya, a project funded by the World Bank. You need to develop a relationship with the Ministry of Tran..
A firm in a purely competitive industry is currently producing1,000 unit per day at a total cost of $450. If the firm produce 800 units per days, its total cost would be $300, and if it produce 500 units per day, its total cost would be $275. What ar..
A consumer’s preferences are summarized by the utility function U = X2Y (then MUX = 2XY and MUY = X2 ). Assume that M = 120, PX = 4, PY = 2. a. What is this consumer optimal choice?
What types of products does the US export and what types of products do we import? Why do you think those are the products we export or import? How does the strength of the dollar impact imports and exports?
Under Illustrate what conditions are likely to be internalized without the necessity of government intervention
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