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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, What two policies could you use to reduce the total amount of emissions?
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
What is the short-run equilibrium price. What is the short-run equilibrium market quantity.
Why manufacturer guarantees the computer for one year only. The cost of the extended warranty is $150. Analyze this proposition using the concepts you learned in the module on risk analysis.
Illustrate what is Gillette's advertising elasticity. Is Gillette's Demand more or less responsive to advertising than other firms in its peer group. Elucidate also Elucidate how all calculations.
Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
A firm can determine how many resource units to acquire by comparing Marginal Revenue Product and Marginal Factor Cost, then continuing to acquire another unit so long as its MRP exceeds, or at least is no worse than, its MFC.
Illustrate what is the difference among the multiplier in a closed private economy also the multiplier in a mixed open economy.
Illustrate what is unusual about this market. Give an example of a good or service to might be characterized by this unusual market attribute.
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