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Suppose that smokestack filters are such that initial investments in filters yield high reductions in pollution, but as additional filters are added the marginal reduction in pollution declines. You can now think of the firm as using two additional inputs, pollution vouchers and smokestack filters, to produce x output legally. Does the overall production technology now have increasing, constant, or decreasing returns to scale?
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
The short run price elasticity of demand for tires is 0.9. If an increase in the price of petroleum used in producing tires causes the marketplace.
Illustrate what are factors that influence supply of loanable funds and the factors that influence demand for loanble funds.
In markets economics, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Why the diference.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.
Discuss two fiscal policy measures taken by the government that attempted to minimize the recession and provide for economic stabilization when the the economy apparently was heading for recession in 2007.
Illustrate what are the factors which involve the provide also demand of which good or service. How do you expect the demand also provide of which good or service to change in the next yr.
Assume that at the current price, the price elasticity of demand for a campus film series is 1.40. If the objective of the film society is to maximize its total revenue.
Proviade two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium.
Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met
Suppose the Caribbean market was deregulated so that the routes become perfectly competitive, find out the price and the number of trips for the Kingston-Georgetown route.
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