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The presentation should introduce and analyze an interesting environmental regulation proposal, a firm's unique environmental strategy, an environmental opportunity you see in the market, an example of environmental entrepreneurship, an environmental economics research study, or anything else you think would be useful to share with the class. The key is to discover these "stories", learn about the scientific, legal, or political details that drive the issue, use economic concepts to enhance your analysis, and then share all that with the class so as to facilitate discussion.
Consolidated Drugs, Inc. has spent $4 million developing and testing a new anti-aging drug. Management now estimates that it will cost $2 million to produce and market this new product.
Determine the profit-maximizing prices both firms will charge. In addition, calculate the price-cost margin for each firm and indicate which has more pricing power and why.
Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.
The annual demand for coffee by the U.S consumers is Q = 250 - 10P. Compute the lost consumer surplus?
Mention the four assumptions for the Monopolistic competition model.
Given table of data comprising real GDP and its components over a number of years, compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption.
Currently, the extent of our economic difficulties has caused the economic policymakers to choose fiscal and monetary policies that are both expansionary.
Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.
What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?
What takes place to the equilibrium price and quantity of ice cream in response to each of the following? Describe your answers.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:
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