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a. )The food and drug administration classifies tobacco an "addictive substance."b. )The congress votes to raise the excise tax on all tobacco products.c.) Hurricane Fran dumps 15 inches of rain on North Carolina and destroys 80 percent of that state's tobacco crop.d.) Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related costs in their Medicaid programs. e.) Medical evidence that more than two cups of coffee a day (Considered by many to be a substitute for smoking) greatly increases the risk of stomach cancer.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
Derive the equation for the demand curve facing the airline during the winter month of January if P = $100, PC = 150, BAI = 200, and S+0 (Price should be expressed as a function of quantity.)
which of the following examples is an adverse-selection problem and which is a moral hazard incentive problem?nbsp
Two types of food: Slow and Fast.
n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production.
The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..
The earnings of engineers, doctors, and lawyers are high because lots of education is necessary to practice in these fields
Assume two countries, West and East, want to decide whether to abate (control) their pollution or not. For simplicity assume each country have only two strategies, abate or do not abate.
around the world commodities are bought and sold on exchanges markets organized in a specific location where buyers and
use a graphical illustration to describe briefly what the influence of each of the following would be on the market
Find (algebraically) consumer’sAutility maximizing (optimal) combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.
Why should this employee probably choose to tell only some of the other firms rather than all of them and what factors will determine the best number of firms to sell the secret to?
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