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Q. Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 100 people in the society, each of them has an identical inverse demand function given by P=10-1.0q, where q is the number of miles preserved and P is the per-mile price he or she is willing to pay for q miles of preserved river.
(a) If the marginal cost of preservation is $500 for every mile, explain how many miles would be preserved in an efficient allocation?
(B) How large is the economic surplus?
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States.
What is the equilibrium cost as well as equilibrium supply.
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
What do you imagine about the interest on payday loans is too high or just right.
Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.
Find the equilibrium price and quantity after the shift of the demand curve.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Show how each of the following would initially affect a bank's assets and liabilities.
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