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In the U.S., the command-and-control environmental laws of the early 1970s, together with the ensuing amendments and updates that have been made to them over time,
a) are given considerable credit for cleaner air and water in recent decades.
b) were an inexpensive incentive for industrial polluters to improve performance.
c) were necessary as US industries had zero incentive to control pollution.
d) draws distinction between the needs of firms and costly equipment upgrades.
Analyze how prescription drugs affect the demand and supply of other products and services in this country.
q1. suppose that businesses buy a total of 100 billion of the four resources labor land capital and entrepreneurial
Explain why perfect personalized pricing is typically more profitable than menu pricing.
Elucidate why labour force participation rate for two groups might differ. Why might human capital choices differ between selected groups.
q.auto company comprises small plant that produces speedometers exclusively. its yearly fixed expenses are 30000 and
You decide to open a retirement account at your local bank that pays 7%/year/month (7% per year compounded monthly). For the next 20 years, you will deposit $500 per month into the account, with all deposits and withdrawals occurring at month’s end.
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
Explain how many fish should a commercial fisherman try to catch a day. Should he catch as many as possible or return to dock before filling the boat with fish.
Economists argue about the potential benefits and costs of diversification. For instance, while diversification can certainly help company to promote new products, at the same time through the merger of two firms it can be more expensive to develop c..
Due to a technical breakthrough, the fixed costs for a firm drop by 25%. Prior to this breakthrough, fixed costs were $100,000 and unit contribution margin was and remains at $5.00. The new amount of break-even units will be?
if the person withdraws $12000 at the end of each year, after how much years will the savings be exhausted?
Explicidate that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale as long as there is some point that yields a positive profit.
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