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3. A small country can import a good at a world price of 10 per unit. The domestic supply curve of the good is S = 20 + 10P , D = 400 - 5P. In addition, each unit of production yields a marginal social benefit of 10. Now, suppose demand and supply are exactly as described in problem 3, but there is no marginal social benefit to production. However, for political reasons the government counts a dollar's worth of gain to producers as being worth $3 of either consumer gain or government revenue. Calculate the effects on the government's objective of a tariff of 5 per unit.
decrease in your real income that results when photographic equipment you purchase increases in price because of increased demand by others for these items. cost you bear when your neighbor has a noisy party and does not compensate you for your dis..
your supervisor has been asked many questions about how the economy works and why the idea of limited resources is such
If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. s..
The firm faces a constant marginal revenue curve given by:MR = 200 and how should the firm allocate production?-How much should Factory #1 produce and how much should factory #2 produce?
Every single state separately as unemployment rate, participation rate, change in vacancies, employment growth or decline etc. All data needs to be based in either 2013 annual report, or 2014 first half year.
1. if the economy is to have significant built-in stability then when real gdp increases the tax revenues shoulda. fall
sullivans custom cabinets operate in a perfectly competitive market and employs labor and capital. labor costs 30 a
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
The difference between the average earnings of eye surgeons and those of janitors is an example of
aggregate demand involves the purchasing actions taken by consumers businesses governments and the spending by u.s. and
Determine the relationship between and returns to scale and obtain the long-run input demand functions and the total cost function.
design either a survey quantitative - using a likert scale type instrument which has investigators ask questions in a
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