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Voluntary environmental agreements are becoming an increasingly popular policy tool. Intuitively explain why a profit-maximizing firm and regulator that is concerned with social welfare would want to enter into a voluntary program. Be sure to discuss the factors that affect the likelihood of a voluntary agreement being reached.
Suppose an environmental regulation requires all polluters to reduce emissions by 50%, even though the cost of pollution control differs widely from one polluter to another. Why might this be inefficient, using the definition of efficiency developed ..
Ugula sells rubber band in the domestic market. Their equilibrium price is $10. Ugula does not have competitive advantage in the production of rubber band. 1) Ugula now allows free trade. illustrate and explain what happen. 2)if a tarriff were put in..
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly.
New entrants into an industry often find that they must advertise heavily in order to have even a chance of success. Does this mean that advertising is a barrier to entry? What advantage does advertising play? Be sure to answer this question by inclu..
Students doing poorly in courses often consider dropping the courses. Many universities will only offer a refund up to a certain date. Should this affect their drop decisions?
Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.
Define and explain what the production on function and the marginal output curve are. Graph the production function and the marginal output curve. How are the two related? Indicate where the ranges of
Tom Reardon and his next door neighbor, Rich O’Donnell were carpooling to work one morning when the engine of Tom’s car started to sputter. This started a chain of events that eventually led Tom to decide that he needed a new car. Why do dealerships ..
Which approach to motivation would you apply to encourage female associates in your firm to "self-promote" more actively. Explain your choice of approach.
Describe the economic status of South Korea. What types of economic activities are most prominent there? What factors have led to your region's growth or lack thereof?
q1. if the impact of the u.s. imposed on japan voluntary export restraint of passenger cars to the u.s. from 2000000
The following national income is in billions of dollars: Net domestic product equal?
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