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A tax equal to the external cost of used paper that multiplication firms impose on paper airplane firms would: A. provide multiplication firms with the incentive to increase their use of paper. B. provide multiplication firms with the incentive to decrease their use of paper C. provide multiplication firms with little incentive to search for alternative production methods that decrease paper use. D. both b and c
1 when if ever will relative prices be proportional to labor values?3 when if ever will relative prices be equal to the
Consider the following infinitely repeated model between two firms. Each period, the firms earn profits of 10 if they successfully collude. If a firm deviates from the aggreement, it earns 15 in the period in which it cheats. In each period that t..
Microeconomics and macroeconomics: Elucidate the differences among the two and why economics is divided into these two subdivisions.
Assume that the economy starts in steady state. According to the Solow growth model, how would each of the following affect consumption per worker in the long run, Explain?
Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.
Assume France has a Gini coefficient of .4, and Germany has a Gini coefficient of .3. Which of the following conclusions are we able to make with this data?
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Suppose that in 2012, the following prevails in the Republic of Askil; Suppose that households consume 75% of their income and save 25% of their income.
Explain: “Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply.” In each case, specify the price-level outcomes.
What is the Consumer Expenditure Survey (CE) How has the Survey behaved since the year 2000 What have been the causes of these changes In your response, include a graph of the CE for this period and cite your source.
Suppose that a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers:
The largo publishing house uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of the printing press is $5,000.
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