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The marginal damage averted from poolution cleanup is MD=200-5Q. The marginal cost associated with pollution cleanup is MC=25+2Q. What is the optimal level of pollution reduction? Show that this level of pollution reduction could be accomplished through taxation. What tax per unit would generate the optimal amount of pollution reduction?
Illustrate what is the market elasticity of demand. What is your elasticity of demand in this Cournot oligopoly.
A firm has more discretion over its internal wage structure:
Illustrate what are the values of public saving,national saving and private saving.
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
A new production technology for making vitamins is invented by a college professor who decides not to patent it. Thus, it is available for anybody to copy and put into use. The TC per bottle for production up to 100,000 bottles per day is given in th..
A cubic total cost function is expressed as TC=a+bq+cq^2+dq^3 if a=0 b=400 c=-50 and d=5 then. What are MC (Marginal Cost) and ATC (Average Total Cost) respectively equal to? At what output levels are MC and ATC respectively minimized?
Comment on the following statement: “When aggregate demand falls below the current output level, an unintended inventory accumulation occurs and the economy is no longer in an equilibrium.”
Assume that you have $100 to spend on food and clothing. The price of food is $5 and the price of clothing is $10. Graph your budget constraint. Suppose that the government subsidizes clothing such that each unit of clothing is half-price, up to the ..
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
How to create a business plan? The new business proposals MUST be related to management. In one Word document, you will submit a 1 page proposal on each topic stating rationale and why it is a relevant topic on which to write the capstone business pl..
The city of Sundown is considering a plan to build a convention centre to revitalize the downtown area. The project requires hiring workers in the construction union. Because of unionization, the workers’ wage rate is above the value that would be de..
Specific identification, because it correctly identifies the actual item sold and so the actual cost is recorded on the income statement.
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