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Suppose there are two firms, two goods, and there is a presence of negative externality. Hence, the additional unit of input in the production of good Y affects the production of good X. Currently, labor and capital is equally divided and reallocated to goods X and Y. The externality causes SMRP of labor or capital of X to be greater than SMRP of Y. How should the economy reallocate the inputs (labor and/or capital) in order to achieve economic efficiency and have SMRP=SMRP?
The fixed cost is given which 10$, but I am not sure what the steps are to solve for the break even point.
You hold the bond to maturity. What is the rate of return on the discount bond when it matures?
Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 ... Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 – Px 1f Px =$30 2. Qx=14 - ½ Px 1f Px=$20 3. Qx= 300 -2Px 1f Px =$45 Find consumer surplus for all 3 of them.
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
Compare costs with the estimate. What methodology was used to Prepare the estimate.
The AD/AS model is useful in predicting the effects of various shocks and policy changes on an economy. The model is based on goods and services being exchanged in well-functioning markets. In general, however, markets are not always perfect. How wou..
Your student association is looking for an auditorium to rent for an all-day conference. The university's Performing Arts Center is vacant on that day, so the association wants to rent it. If you rent the Center, what will be the university's margina..
The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..
In other words, do you feel there is value in formatting cells and sections of cells to change the appearance?
If an industry is characterized by substantial diseconomies of scale, as a particular firm in the industry expands its production capacity we will observe:
For this assignment, you should first complete the following tasks: Build a 90% complete profile on LinkedIn. Make a list of people who could serve as a professional mentor or career coach for you. -Describe the role that networking can play in your ..
According to the NBC Learn clip Consumer Confidence Hits Five-Year High, how does optimism and certainty about the economy affect consumer spending? Synthesizing the concepts of consumer confidence and aggregate demand, describe how spending can brin..
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