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A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two methods in which the Coase Theorem could create an efficient outcome. For each method, make sure to identify the amount of paper produced each week and the amount of any fees or payments required for an efficient solution
Based on absolute advantage and comparative advantage, explain the effect of global economic conditions on the choices available to that country. Include the current exchange rate of the country's monetary unit.
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
Illustrate what is the unemployment rate. Karen sharpens knives in her spare time for extra income.
What are the characteristics of an oligopoly? Using the concept of duopoly and the price leadership model, discuss demand and pricing strategies in an oligopolistic market structure.
Anticipate how technology will transform business in the future. Give specific examples to support your response.
how to compute implicit explcit and opportunity costs. jamal has a flexible job. he can work everyday but is allowed to take a day off anytime he wants.
q1. if american cheese also cheddar cheese are substitute afterward which of the following would increase the demand
sketch a production indifference curve indicating that CCC can produce no more than 1,000 containers with this expenditure.
The Pristine River has two polluting firms on its banks. Acme Industrial and Creative Chemicals each dump 100 tons of glop into the river each year. The cost of reducing glop emissions per ton equals $75 for Acme and $225 for Creative.
Elucidate how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.
q1. you have an opportunity to invest in a new plant. the fixed costs are 100000 per year. the marginal cost of
Demand and supply of certain resources in Australia and factors other than price which affect demand and supply
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