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How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?
The retail price for a wrinkle-reducing injection is $550. Retailers buy directly from the manufacturer, who has a margin of 80 percent on their product. If the retailer margin is 40 percent, what is the manufacturer selling price to the retailer? Wh..
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
The Pristine River has two polluting firms on its banks. Acme Industrial and Creative Chemicals each dump 100 tons of glop into the river each year. The cost of reducing glop emissions per ton equals $75 for Acme and $225 for Creative.
Derive the equation describing labour demand in this economy as a function of the real wage and the capital stock.
After reading about the Gold Standard, William Jennings Bryan’s emotional speech, write a summary/essay analyzing what might have happened if William Bryan’s had won the 1896 election in the United States? Most likely, Jennings would have taken the U..
Consider a consumer, Adam, who has a fixed amount of income, I , which he can spend on two goods each month, Christopher Nolan Movies and Chipotle Burritos, denoted by M and B , respectively. Will Adam’s consumption of Chipotle Burritos increase, dec..
Do changes in fixed cost alter the profit maximizing level of output for a profit maximizing firm in the short-run? Why or why not? Under what conditions is it more profitable for a firm to operate at a loss than to shut down production temporarily?
If something (S) is very responsive to the actions of something else (E) then when that something else (E) makes a changes then the first something will also change very similiar. If someone is allergic to bees, I would say that person is very respon..
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
Two flash vaporizer machines are considered for the upgrade of biodiesel production.
Why did prior to 1945 nearly all neoclassical economists agreed that democracy and capitalism were natural enemies?
You are the manager of a monopoly and your demand and cost functions are given by P = 300 – 3Q and C(Q) = 1,500 + 2Q2, respectively. Furthermore, MR = 300 – 6Q and MC = 4Q. What price-quantity combination maximizes your firm’s profits?
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