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1. what two policies could you use to reduce the total amount of emissions?
2. why do you think each would work?
3. what would the benefits of each action be (besides emissions reduction)?
4. what would the cost of each action be?
5. how would you decide what the best level of emission reduction?
A nation has a lower inflation rate than all growth. What can be said about each of the following.
For a perfectly competitive syrup producer whose average total cost curve does not change, an economic profit could turn into an economic loss if;
Advertising can inform buyers, but sellers must incur costs to advertise. If so advertising can result in higher prices to consumers.
Find out an output which maximizes the total revenue. Calculate the price elasticity of demand at this output.
Explain how would you explain reservations in the United States about the implementation of NAFTA. Do you think that NAFTA is a "good thing".
M.C. Hammer is selling off part of his very large wardrobe of puffy pants. The market price of each pair of pants depends on both the number of sequins on the pants and their age. Let this price be, in dollars, 20+.01S+2A, where S is the number of..
Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. He expects these costs to rise about $1500 each year while he is in college.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Assume that Congress is considering imposing the 30% tariff on imported automobiles. Who would be the gainers and who would be the losers from such move?
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax.
Comprise a reconciliation of the differences among the forecasts for GDP and a rationalization for which forecast
What is autarky price and quantity equilibrium for both home and foreign? What is the open trade price and volume under free trade.
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