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In 1997 Canadian 2 X 4 lumber studs with two holes drilled in them (so that electricians could run wires) were categorized by customs agents as Category #4418 and free of any tar- iffs. If they had been categorized as #4407, they would have fallen under a quota system whereby only the first 14.7 billion board-feet of lumber Canada imports to the United States are duty free. The next 650 million are subject to a $50 export fee per 1,000 board-feet, and beyond that, a $100 fee. Roughly 15 billion board-feet of lumber is imported to the United States each year from Canada. If the Canadian 2 X 4 studs with holes are classified as #4407, this adds about $3,000 to the cost of a new home. Discuss the expected lobbying behavior of lawmakers from timber producing states (Montana and Alabama), the National Association of Homebuilders, and U.S. lumber companies (for instance, Georgia Pacific).
PUBP720: Managerial Economics - Make the first order partial derivatives of the Lagrangian and set them to 0 - What is the slope of the budget line? Does the slope of the budget line depend on consumer preferences? Why or why not?
Explain how the long-run might differ from the short run. In you answer, assume that they also compete with Cisco, IBM, and Google - what is the profit- maximizing price per beverage?
If the beta of Amazon is 2.2, risk-free rate is 5.5 percent and the market risk premium is 8%, compute the expected rate of return for Amazon stock
Assume the external marginal cost of pollution is MCext=5Q and internal marginal cost is MCint=10Q. Further, suppose the inverse demand for the product, Q, is given by P = 90-Q.
BP recently evaluated a proposal for switching to a new system of storage for refined petroleum products. Based on their analysis of the project, the initial investment required for project is 50 million dollar,
In what ways can interventionist industrial policy work with the market, rather than against it? What are the arguments for and against such policy?
It is easier to control the monetary base than broader money, but it is less relevant to do so. Do you agree with this statement?
1.would auctioning broadcast licenses be more efficient than having the federal communications commission fcc assign
q1 the harold shipman private healthcare clinic ltd specialises in hip knee and shoulder replacement operations that it
Given most common goods, will a new specific tax on the purchase and use of the good increase or decrease its equilibrium quantity? Will consumers benefit or lose? Will producers of the product benefit or lose?
1.Why might it be better to ban certain activities that cause environmental damage rather than to tax them?
Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.
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