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Assignment:
Explain the concept of a negative externality in production. Explain how an emissions trading scheme to counter carbon pollution would work.
Scenario: Suppose that in 2015, a new company called "Corpus Christi Cheer Beer" begins to produce beer to sell to local restaurants.What types of learning economies would you would expect Miller to have that Corpus Christi Cheer Beer does not?
Verify that the two alternative methods of figuring ATC (TC/Q and AVC + AFC) give the same answer. Over what range of output is marginal cost (i) decreasing? (ii) increasing
Describe the best ways for an organization to understand pricing within its scope of services. Are the methods that you chose ethical? Why or why not?
Suppose that a firm's technology is given by the following production function: f(k, l) = 6k^1/6 l^1/6 Prove that this production function exhibits diminishing.
Depreciable residential rental real property has been purchased for $70,000 and put into service during the third month of the taxpayer's tax year. For the applicable 27.5 year depreciation life. How many months of depreciation should be generated fo..
Suppose that the firms markup over costs is 6%, and the wage-setting equation is W = P(1-u+z) where u is the unemployment rate and z is equal to 0.03. What is the real wage as determined by the price-setting equation? What is the natural ..
A company is considering new automated cleaning equipment. The engineer for the company has been asked to calculate the present worth of the proposed alternative.
This price reduction would also increase sales to 220,000 units during the relevant years. a) Make the decision tree. b) What is the optimal strategy for the monopolist?
What are some examples of corporations being listed in specific international exchange markets?
Write a three page report proposing your program to the Mayor and Council. Include in your proposal the Cost-Benefit Analysis Tableau for your proposal.
Suppose that labor is the only variable input to the production process. If the marginal cost of production is diminishing as more units of output are produced, what can you say about the marginal product of labor?
Using the Conjectural Variations model, answer questions, If we assume only that firms behave rationally, what would be the equilibrium set of conjectural variations (dq2/dq1 = dq1/dq2 =?). Is this a Nash Equilibrium? Explain.
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