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A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. Before the corrective tax, Blown Away Manufacturing regularly sold blowers for $100. After the tax is in place, the consumer price for leaf blowers rises to $105.
a. Describe the impact of the tax on the number of leaf blowers sold.
b. What is the socially optimal price to the consumer?
c. What is the private market price?
d. What net price is Blown Away receiving after it pays the tax?
edwards has decided to use probability-proportional-to-size pps sampling sometimes called dollar-unit sampling in the
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Suppose the market shares of the six largest firms in the industry are 12 percent each. Compute the six-firm concentration ratio and Herfindahl-Hirschman index for this industry.
Discuss the difference between a change in demand and a change in quantity demanded in terms of causes and in how they appear graphically.
1. find thenbspy-intercept of the line represented by the following equation.nbspnbsp-2xnbsp 2ynbsp 162. write the
Price fixing is a per se violation of Clayton Antitrust Act. From the materials in library and the Internet, find out an example of the price fixing case or other violations of U.S. antitrust law.
write a 3 to 4 page apa-formatted paper in which you address the questions below. use at least three cited references
assume that country a has a population of 500000 and only produces one good-cars. country a produces 100000 cars per
Suppose the marginal cost of abating X units of pollution is given by MC(X) = 2X and marginal benefits are MB(X) = 10-2X. Suppose Current pollution = 4 = Xmax. What is optimal level of pollution abatement, X*?
Study an organization of your choice and recommend methods to decrease costs. Determine what effects do technologies have on costs and what are some lower cost sources organization may utilize to decrease cost?
Over the business cycle, real GDP tends to increase during the expansion and decrease during the contraction. Can you name some other macro variables that fluctuate over the business cycle like GDP does?
Firms decide how much to spend on product development and marketing by
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