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1) Consider an electric company that generates atmospheric pollution. Suppose the Government imposes a tax directly on the sellers of electricity. This will have the greatest effect on pollution if:
A) The supply function for electricity is relatively elastic
B) The demand function for elec. is relatively elastic
C) The demand function for elec. is relatively inelastic
D) The supply function for elec. is relatively inelastic
2) Consider the market education. Let the Government provide a subsidy to the students. This policy will have the greatest benefit if:
a) the demand function is more inelastic
b) the supply function is more inelastic
c) the demand function is more elastic
d) the supply function is more elastic
Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50.
Merlin is like all other managers in a perfectly competitive industry except in one respect: Because of his great sense of humor, people are willing to work for him for half the going wage rate.
The nation passes a law requiring all employers to give their employees 16 weeks of paid vacation each year. Prior to this law, employers were not legally required to give employees any paid vacation time.
mayo destination water park center offers family fun year-round in the northstar state to locals and out-of-state
Television channel operating profits vary from as high 45-55% at MTV and Nickelodeon down to 12-18 at NBC and ABC. Provide a Porter Five Forces analysis of each type of network.
Given the information above solve for the equilibrium output
If you borrow $15,0000 at a fixed nominal interest rate of 7 percent per year. If annual inflation turns out to be 10 percent, what is the real rate of interest?
assume that the current level of income in the economy is 700 billion. it is determined that in order to reduce the
Industry studies often suggest that firms may have long - run average cost curves that show some output range over which there are economics of scale and wide range of output over which long- run average cost is constant; finally, at very high out..
What determines the variety of styles, designs, and sizes of different products? Why do you think there are only a few different varieties of toothpicks but lots of different types of napkins on the market?
Assume that labor demand is given by Qd = 200 - 20P and labor Supply is given by Qs = 10P - 10, where P = wage and Q = quantity of labor. If a minimum wage of $8 is imposed on this market, what will be the impact on consumer and producer surplus in t..
wyandotte chemical company sells various chemicals to the automobile industry. wyandotte currently sells30000 gallons
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