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Discuss the structure of non-point-source (NPS) pollution and economic policies that can be more or less effective in reducing it. In particular discuss the application of the rule that “marginal abatement cost should equal marginal benefits from abatement” to formulating policies for abating NPS pollution.
Predatory pricing is easy to prove in court. Learning curve effects may enable an incumbent to produce at a lower cost than a potential entrant. A firm can benefit from strategies that raise the marginal costs of its rivals.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
When demand changes and when quantity demanded? Explain the difference? Bring an example and explain which demand determinant you are talking about? Bring an example of production.
q.1 what are the definitions of the following cost concepts fixed costs variable costs and total cost?2. give the
q.in a particular monopoly the demand equation is given by yp 5p1. what is the price elasticity of demand?2. what is
illustrate what kind of policy would you recommend to slow population growth.
This problem focuses on the labor supply effects of taxes. Assume there is a worker (Cosmo) who has a utility function over money income m and leisure l is u(m, l) = √ ml. Cosmo chooses how many hours to supply to the labor market where h = 16 − l su..
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolis..
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Verify all values and quantities computed in the discussion. Now suppose that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services,
What is anticipatory repudiation? Why is it important to be able to identify this type of a breach? How does it benefit the non-breaching party?
Suppose that the equilibrium price in the market for widgets is $5. If a law reduced the maximum legal price for widgets to $4:
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