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In the absence of regulation, firm 1 would emit 15 and firm 2 would emit 20. The firms have the following marginal control costs where q1 and q2 are the amount of emissions reduced by each firm.
MC1=0.4q1
MC2=0.5q2
The EPA has determined that emissions should be reduced by 9. What tax level would achieve this goal? How much abatement would be done by each firm?
If instead an emission permit system was established, how much would each firm spend on permits if 26 emission allowances were auctioned off? How much would they spend in total?
If the 26 permits were split evenly between the 2 firms, how much would each firm ultimately spend? How much would they spend in total?
Demand and supply situations in perfectly competitive market for unskilled labor are as follows, Estimate the industry equilibrium price or output combination both graphically and algebraically.
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after visiting several automobile dealerships richard welch selects the car he wants. he likes its 10000 price but
consider the simple regression model yt a b xt ut in which yt is total expenditure on travel and xt is total income
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Suppose a firm's production function is: q=(K 1/2+L 1/2) 2 and that wage rate is w= $8 and the rental rate is r=$4. Find the firm's marginal rate of technical substitution.
microeconomics problem price gouging after disastersyour final research paper should be a minimum of four pages and not
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