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1) U.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is stable around $4.50 per gallon. Which policy is more to be successful at the least cost? Explain.
2) What role, if any, do property rights (efficient or inefficient) play in designing and implementing environmental policy? Explain.
Assume that the demand for iron (the primary component of steel) is Q = P^(-a)? , where the exogenous parameter a>0 takes some fixed value. For all parts assume that the iron market is in equilibrium. Find the inverse demand curve for iron. Does the ..
Discuss the four (4) components of a legally astute social media marketing manager who utilizes social media outlets for consumer transactions.
Sometimes stores have sales that limit the quantity you can purchase at the sale price. If you buy more than the limit, you pay the full price. Assume that your local grocery store is having a sale on yogurt where the first 5 are on sale for $1.00 pe..
Explain, in plain words, illustrate what the R-square in this regression indicates.
identify a company in your area that would classify as a monopoly. explain why you classify it as monopoly and state how the company relate to at least 2 characterstics of that particuliar marke
The first audit of the books of Bruce Gingrich Company was made for the year ended December 31, 2015. At the beginning of 2013, the company purchased a machine for $494,300 (salvage value of $52,600) that had a useful life of 6 years. The bookkeeper ..
Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, th..
Two weeks ago, you signed an employment contract and accepted the responsibility of a Branch Manager with the First Econ Bank in Dallas, TX. Calculate the actual dollar amount the First ECON Bank has to place aside to meet legal Reserve Requirements...
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
Find U.S. civilian employment date for the last 10 years. How many more workers were there at the end of the last 10 years than at the beginning. Elucidate how did this impact the nation's production possibilities curve.
Just prior to a professional baseball spring training session, you are asked to assess the probability that a particular baseball team will win the coming World Series.
Policy related to the government expenditure and taxes is called---- and the policy related to money supply and interest is called---- whose recent attempt is mainly focused for----
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