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A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two methods in which the Coase Theorem could create an efficient outcome. For each method, make sure to identify the amount of paper produced each week and the amount of any fees or payments required for an efficient solution
Need help with a problem set that utilizes Calculus-based managerial economics and focuses on elasticity, including point, cross and advertising.
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
Department of Health and Human Services, but rather with the Internal Revenue Service. What evidence can you cite to support your position?
Determine total cost of quality when there are no defectives. D = 0 and product quality is perfect. Determine total cost of quality when D = 90. No company could stay in business with D = 90, as will be apparent from calculations.
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods. Of all the machines considered
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
When there is an increase in the expected rate of inflation, will the nominal and real interest rates on new loans increase, decrease, or stay constant?
q1. short run profit maximizingthe producer of high-quality flatbed scanners is tiresome to decide what price to set
The cross-price elasticity between mobile phones and ear buds is estimated to be 2.5. What do you predict will happen to ear bud demand (sales) and price, other things being equal, if mobile phone prices fall?
what is the lowest amount of collateral that the bank should require to ensure that the firm will choose to proceed with the guaranteed project?
Studies indicate that the changes in fiscal and monetary policy affect the 3 economic agents in the economy (households, firms and government). How do the changes in monetary and fiscal policy instruments affect you personally or work wise?
Using the slope of the health expenditure function, predict the change in per capita health care expenditures that would result.
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