Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Exxon Mobil Corp. is among the eight companies whose fuel was responsible for a third of emissions from oil and gas, according to non-profit environmental groups. Suppose its marginal private cost of fuel production is MC= 6Q+8, and the marginal external damage of emissions is MEC = 2Q+2.
Assume the market demand for Exxon Mobil Corp. is Q= 60 - 0.5P.
1. Calculate the private market equilibrium price and quantity
2. Calculatethe socially optimal equilibrium price and quantity.
3. Calculate the external damage of emissions at the private market equilibrium
4. Calculate the social net benefits for the socially optimal equilibrium
Explain the connection between the vertical long-run aggregate supply curve and the vertical long-run Phillips curve.
Suppose we are given the firm’s marginal rate of technical substitution of labor for capital at the combination of labor and capital firm currently uses. Can we determine the Firm’s marginal product of labor and the margianl product at that combinati..
The year 2014 closed with the unemployment rate just below 6 percent, real GDP growing at roughly 2.5 percent, inflation below 2 percent, and the federal budget showing a deficit under 3 percent of GDP. Which arguments do you find more persuasive?
Discuss the impact of the recent fluctuations of the dollar exchange rate on the US economy at the sectoral and geographical level.
What was the value of Federal Government expenditures on national defense in the 1st quarter of 2019?
Briefly explain what happens to employers and employees when the CPI is downwardly biased (i.e. the CPI is estimated to be lower than what it should be).
Graphically illustrate the total demand for visits to the park and the separate demand curves for bikers and hikers.
If the equation for a country's Phillips curve is p = 0.02 – 0.7(u – 0.055), where p is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemployment is 5.8 percent (0.058)? Describe the difference in as..
Define and know how to calculate the following variables: fixed cost, variable costs, total cost, average fixed cost, average variable cost, average total cost
What is the probability that the hotel receives at least one of the defective sets?
Using the midpoint method, what is the cross price elasticity of the demand for apple juice with regard to the price of orange juice
A noted economist recently stated, “This last recession, that ended in November 2010, had lasted 32 months, which is almost 4 times longer than the average recession (which is 9 months), and had the highest unemployment rate (10.6%) we have seen in t..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd