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Problem
Suppose that you are an economic-policy advisor. Environmental groups are pressuring you to implement the highest-possible carbon tax, while industry groups are pressuring you to implement no carbon tax at all. Both argue that their position makes more sense economically. Explain to them what the most-efficient tax level will be, and why there are costs to setting the tax too high or too low.
A consumer's utility function is given by U(X,Y)=X*Y. The Consumer has $576 to spend. Px=16 & Py=4. How much X & Y should the consumer purchase to maximize her utility?
What information do you need to find out whether a Cobb-Douglas utility function describe substitute, complement, or neither goods? How do you determine which is which?
An ongoing debate about the Superfund pro- gram is the determination of the optimal abate- ment level, characterized as the "how clean is clean" problem. Choose one of the risk man- agement strategies, and propose how it might be used to resolve t..
Consider an infinitely repeated Cournot duopoly with discount factor 0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor, for which the two firms could successfully collude over the monopoly output ..
loren has a 200 annual calender year deductible on her health insurance plan. by the end of 2012 she had paid 175 in
The utility function of a consumer is given by U = log(b) + log(c) where b and c are the consumption levels of barley and corn. Assume that the price for both goods is $1 and that the consumer has an income of $100. Assume that the government introdu..
How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market struc..
Imagine that your Learning Team is a group of international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy.
Evaluate the fundamental reasons why price and utilization economic factors in the healthcare setting influence competitive market status in regard to supply and demand for health care services.
Drawing Conclusions Do you think that a workfare program is the best way to address income inequalities within our economy?
Normal 0 false false false EN-US X-NONE X-NONE The chair of the Council ..
How did the creation of the United States and the formation of a new political system impact Native Americans and how did United States Indian policy differ from their colonial predecessors?
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