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Q. $50 External benefit = $10/shot Draw social value curve. Find socially optimal Q. What policy would internalize this externality?
Q. Price will increase; quantity cannot be determined. (Assume CD players are normal goods.) Which of following will happen to equilibrium price and equilibrium quantity for CD players?
Elucidate what is the new market price. How many Frisbees are sold angry students marched to Washington, asked Frisbee price.
Discuss the manner in which an analyst would compare the relative profitability of the two potato chip segments.
How versus simply ordering each farm to reduce pesticide use to 40% of current levels under threat of heavy fines for non-compliance.
Calculate the elasticity for each variable. On this basis, discuss the relative impact that each variable has on the demand. Illustrate what implications do these results have for the firm's marketing and pricing policies.
Who sells permits and Explain how many do y sell. Who buys permits and Explain how many do y buy. Briefly explain why sellers and buyers are each willing to do so. Illustrate what is total cost of pollution reduction in this situation.
Consider the general equilibrium model on local public goods that we discussed in class. We found that the optimal population size
Explain how can tax cuts help revive the economy.
Suppose that the government is debating whether to spend $100 billion today to address climate change.
Elucidate how each of the following people would talk about scarcity and trade offs.
Elucidate why is presidential power "conditional"-that is, why it affected so substantially by circumstance, the makeup of Congress, and popular support.
Impacts on currency markets and on economic conditions within the country and globally.
A company operating in a purely competitive environment is faced with a market price of $250. The company total cost function (short run) is
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