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Think of an industry that pollutes the water and has access to variable technology for reducing that pollution. Explain the impact of each of the following, other things constant, on the optimal level of water quality:
a. New evidence is discovered about a greater risk of cancer from water pollution.
b. The cost of pollution-control equipment increases.
c. A new technological improvement reduces the cost of pollution control.
What is the least you would be willing to accept to sell your house? c. Why are the answers to the above two questions different?
If the price of cheese is marked down during a sale by 20% and in response the quantity demanded (sales) increase from 30 packages to 45 packages what is the price elasticity of demand? Is demand elastic or inelastic?
Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
What is the profit-maximizing rate of output for the firm?( b ) How much profit does the firm earn at that rate of output?
Discuss impact of social wefare and idustrial policy initiatives on organization and the wider community in sri lanka. Explain how does risk sharing benefit both financial intermediaries and private investors.
If 150 million workers produced America's GDP in 2010, according to the "World View" above, how much output did the average worker produce?
q.evaluate the role and the effectiveness of the federal reserve in stabilizing the current economy.determine which
q. assume you are a typical consumer and expect to work for 40 years from this point onward and to live for 10 years
In general, illustrate what happens to the level of consumer surplus as the price of a good falls.
q1. which types of inefficiency described in chapter 10 do you think is most economically significant in the country
Explain how should it be allocated. Explain hardwood usage in the two lines of product are.
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