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Q1. Suppose the environmental standard is too stringent. What does this imply about the relationship between the MSC and the MSB of abatement
Q2. Suppose that w = 0.75, π = 0.8, h = 16, and T = 6. Determine the consumer's optimal choice of ?consumption and leisure, and show this in a diagram.
Q3. Draw and explain production possibility frontier for an economy that produce milk and cockiest. What happen to this frontier if disease kills half of economy cow's population?
Q4. What are some fiscal policy recommendations being recommended by current leadership?
Consider the argument made by Thad Williamson, article 3.4 in Real World Micro . Does "more" make us happier? If not, then why do we produce more? In your answer, consider the difference between the circuit of production under capitalism and that..
What is the relationship between a firm's total revenue, profit, and total cost and define economies of scale and explain why they might arise. Define diseconomies of scale and explain why they might arise.
Is it advantageous for all countries to utilize cheaper labor or does importing your goods.
Calculate the consumer surplus, producer surplus, government revenue and deadweight loss for taxes of $4, $8, $12 and $16 per unit sold. What tax maximizes government revenue?
How will the unemployment rate during the current period compare with the natural rate of unemployment.
Assuming that price elasticity of demand for this of kind candy is - 1.5, determine if the price CCS charges for its special candy is a profit-maximizing price. If it is not, what price should it charge?
Illustrate what would have been the welfare implications of a ban on oil imports.
q.many developing countries in the global south turned to socialism in the past as a means to solve their economic
Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units every hour
Explain how many tickets would the team be able to sell (ignoring capacity constraints) if it behaved competitively and set p = MC. Explain hHow many tickets would it sell -and at what price - if it behaved like a monopoly.
Illustrate what will be the effect on the level of checkable deposits.
Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.
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