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Briefly discuss the concept of both positive and negative externalities and give specific examples of each. In your explanations of the two, cover the differences, discuss why property rights are an important variable, and discuss any other relevant variables.
Suppose that Hump Ridge Company produces and sells two products, x and z, and that its total cost is given by-What does λ equal? What does it mean?
Select a California publicly held Corporation to use as the basis for this. Use the Internet to acquire a copy of your selected firm's most recent financial statements.
Production quota: In many cities, the amount of licenses to operate taxis is limited. For the purposes of this problem, we can think this is a production limit (a maximum production level) of taxi rides set by government. Assume that this limit is lo..
Economists are in almost universal agreement that Free Trade is good for all countries. Explain why are they in such universal agreement.
Assume that you are a medical doctor and that both you and David, your partner in a private medical practice, want to increase your firm's total revenue. You argue that in order to achieve this goal you should lower your consultation fees (price).
How large is the desired fiscal stimulus. Explain by how much do income taxes have to be raised to get that restraint.
Explain how large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate.
Over the past recent months it has been selling its widgets for $100 each and unit sales have averaged 5,000 units per month.
Suppose we are at a long-run equilibrium point in an AD-AS model. Then the money supply falls. In the short run, is there any difference between what happens in the simple quantity theory of money (SQTM) version and the monetarist version of the m..
You are Secretary of the Treasury Jack Lew. It's six months into Obama's second term as president and you receive some estimates of national accounts numbers you plan to report to the President in a cabinet meeting. Under one set of expectations..
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters (mail outs) to potential voters in an election campaign. Describe the "production function" for campaign votes.
Discuss how each of the following will affect the marketplace clearing price and quantity in each market. How does the supply and/or demand curves will shift in the following cases.
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