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Explain one negative externality and one positive externality that is currently happening the U.S.A. What is the government doing to fix the issues of the negative externality?
Assume the following demand and supply functions: Calculate equilibrium price and quantify. Now assume that a seller declares 20% sale on the market equilibrium price. What will happen?
Digital technology, including new software developments is essential for many organizations to function in the modern world. Although there is a variety of technology available, there does not seem to be an industry standard. Select what you feel are..
Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the op..
The federal reserve had decided that unemployment is rising too sharply and wants to reserve this trend by expanding the money supply. What steps must the Fed take to expand money? What will be the impact of the money supply curve? What is the reacti..
How much control might an organization have over pricing based on a product's elasticity. Discuss which of elasticity rules you used to determine your answer.
The Indiana Highway Department wants to construct a new rural highway. The engineering team is considering two designs: Design A calls for a concrete pavement costing $90/ft. with a 20-year life, two paved ditches each costing $3/ft., Compare the two..
q.part 1in 2011 company xyz had sales of 345620million net working profit subsequent to taxes of 10250 million and
How might the firm deal with the problems that such a strategy poses?
What percentage of the total surplus is lost if the government imposes a sales tax (ad valorem) of 20% collected from the producer?
How can you justify existence of government-granted monopolies for such public utilities as local telephone service, natural gas.
A banker must earn at least a 2.4% return after expected inflation on short term loans. The inflation rate for the past 6 months has average 5.9%. the expected inflation rate for the next 12 months is 6.5% nominal interest rates for short term loans ..
What if the driver were a fellow police officer? What if it were a high school friend?
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