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Suppose that firms in the chemical industry are allowed, free of charge, to dump harmful products into rivers. If this is the case in a competitive market, how will the price and output of the chemical products compare with their values under conditions of ideal economic efficiency?
If you each charge a high price, you each earn profits of $200. If you charge different prices, the one charging the higher price loses $50 and the one charging the lower price earns $300.
A lump-sum tax causes the after-tax consumption schedule to be flatter than the before-tax consumption schedule
Real GDP is: A.the base year market value of all final goods and services produced domestically during a given period.
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
Explain what happens in these two markets as the number of sellers drops to only one seller. explain how part, illustrates to the first experimental principle
By signing a trade agreement illustrate what does this imply as regards international trade theory of the Ricordian model.
If the price falls to $2, how does quantity demanded change. How does Bert's consumer surplus change. Show these changes in your graph.
If the firm has a monopoly in product A and product B is sold in a competitive market, then what is the profit-maximizing tie-in sale price of product A?
How versus simply ordering each farm to reduce pesticide use to 40% of current levels under threat of heavy fines for non-compliance.
Illustrate what price should he charge each group if he needs to maximize revenue collected from ticket sales.
This decision shows that Gene is: more interested in earning high profits than achieving security. motivated by his desire to quickly begin operations with a minimum of effort. not a self-motivated individual. afraid to get int..
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
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