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Is Coase's theorem valid? Why or why not? How does Coase's theorem address the problem of environmental pollution control? Does this make sense? Why or why not?
Why is it difficult to analyze the welfare implications of growth in the neoclassical model? What proxy is often used to reach a conclusion about the effects of growth? What leads to the conclusion that, if welfare is to improve with growth in the la..
Economists say that excess capacity in monopolistically competitive markets is "the cost to society of variety." What is the cost that economists are talking about, and why is this cost the result of having a variety of goods and services?
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Would the consumer prefer to get $100 in food stamps or $100 in cash? You need to justify your answer t..
An economist published a research paper arguing that the multiplier from a proposed fiscal stimulus of 25,000,000 will be 1.5. in other words the ratio of the total economic impact of the stimulus spending to the original amount spend by the governme..
Foley’s advertising agency presents three social media options. For each of the social media options (Zwinktopia, Facebook, and YouTube) analyze the influence of these four different measures:
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
Present alternative definitions of sustainability. Give examples for each definition. Discuss the relationship between dynamic efficiency and sustainability. Analyze diagrammatically the effect of price ceilings on the market for natural gas utilizin..
Suppose the marginal social benefits curve for crude oil is MSB = 60 - 0.6Q and the marginal total cost curve is MTC = 20 + 1.4Q, where Q denotes the dynamically efficient quantity of barrels to be extracted from an Albertan oil field (in millions..
In what sense can this be said to be unfavorable to the trade partner. Does this mean that the welfare of the trade partner has definitely declined.
The government often strictly regulates noise and chemical pollution by industry to overcome which market failure?
Elucidate how Illustrate what the balance sheet will look like (comparison to above) if Brimstone declares a 10% stock dividend.
A sample of 49 observations is taken from a normal population with a standard deviation of 10. The sample mean is 55. Determine the 99% confidence interval for the population mean. (Round your answers to 2 decimal places.)
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