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a. To help fight the problem of nonpoint source pollution associated with agricultural runoff, your state is contemplating charging an annual fee of $500 to every seller of pesticides. If this fee is to achieve an efficient solution, state specifically according to externality theory
(a) what the $500 fee must represent and (b) in which market.
b. Illustrate graphically, labeling where and how the fee is imposed.
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
The long-run Phillips curve suggests policymakers choose between alternative and which of the following will shift the aggregate demand schedule to the right?
The antitrust divisions of government are limited by the resources allocated to their activities. Given the likelihood of violations of antitrust laws, why do you suppose the resources actually available to these agencies tend to be very modest?
Identify the feasible membership options and express these as cost functions for the bank. Draw a graph showing the above options and explain how the bank's management should select the optimal one.
An auto dealership estimates that its demand curve has an elasticity of 2.78. If it wishes to increase sales by 12%, by how much should it decrease price? What will happen to revenue (rise or fall)? If instead it raises price by 20%, what is the perc..
Critically evaluate the pattern of potentially anti-competitive activities by Microsoft towards its competitors. Do you think that the government should always try to eliminate monopoly power?
what is the marginal rate of substitution mrs and why does it diminish as the consumer substitutes one product for
Discuss the findings of the OFGEM report with regards to the UK energy market; and discuss if more competition between the big six UK energy firms may benefit UK consumers.
Why do consumers seek to maximize their utility? Is marginal utility more useful than total utility in the decision making of consumers? Why or why not? Is marginal utility per dollar spent a more accurate view than marginal or total utility? Why or ..
engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single
Under a fixed exchange rate regime, we know that an increase in stock market wealth that increases consumption will cause:
The antitrust behavior
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