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1. What is the externality associated with an individual driving on a congested highway? how do tolls help alleviate this externality? How should tools be set? (Hint: would you always want the toll to be the same all day?)
2. The steel industry pollutes the atmosphere as a consequence of its production process. Is it possible that it would be better for society that steel is produced by a monopolist instead of a set of perfectly competitive firms?
3. Farmers irrigate their crops by drilling wells into the aquifer. As farmers pump more and more water from the aquifer, all must frill deeper to reach water: and the deeper the well, the more costly it is to pump the water
a) Identify the missing property rights in this instance
b) Is there an economic argument for limiting the amount of water farmers can pump from their wells?
q.competitive market equilibrium the firm provides recycled toner cartridges for printers. the market is perfectly
q.according to the agreement achieved by the administration and the congress were there a breach of the debt ceiling
Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favourite pizza delivery company that every day for the next month you will receive your favourite pizza for lunch and another of that same ..
A stock is expected to pay a dividend of $2.50 per share indefinitely. The stock is expected to generate a return of 8 percent in the foreseeable future. Based on this information, Compute a fair price of this stock.
What is the consumer price index (CPI)? How is it measured? What are the pros and cons of using the CPI as a measure of the cost of living?
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education?
Use graphs and charts to illustrate and explain the Overshooting Model of Exchange Rate Determination. Use causal chain diagrams and time series graphs to show the time series response of each of the variables in the model.
A Framework for Ethical Decision Making
q1. elucidate how higher saving leads to a higher standard of living. illustrate what might deter a policymaker from
Suppose that in voting fraud around the country the government is forced to spend billions of dollars in legal fees. Analyze the effects of such a massive increase in government spending in both the classical and fixed price Keynesian models when the..
Illustrate what was the impact on the supply also demand of labor on one sector of the labor market. Elucidate the factors which affected labor demand also labor supply in the chosen historical example.
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