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Why does the government have to regulate the pollution that is put into the environment? What type of externality is pollution and why is society not able to bring about equilibrium in markets? Simple responses please.
During the last 10 years, Orlando, Florida grew rapidly, with new jobs luring your people into the area. Despite increases in population and income growth that expanded demand for housing, why the price of existing houses barely increased.
Elucidate the correlation between this increases also labor participation rates by gender over the same period
What is hyperinflation? Explain some factors that were responsible for the Zimbabwean hyperinflation of the late 2000s. In 2009, Zimbabwe ended its hyperinflation by adopting the U.S. dollar as legal tender. What potential problem(s) could this strat..
Suppose that $2100 is set aside each year and invested in a savings account that pays 8% interest per year, compounded continuously. Determine the accumulated savings in this account at the end of year 26
Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
How does this alter the isocost and isoquant graph? Given these forecasts, where should you expand production?
Producers will be made to pay a tax for each beer sold. Use a graph to elucidate why the tax burden will not actually fall on the people that this person wants to punish.
Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive.
For example, the purpose is to identify four ethical principles from a set of ten and then provide a detailed discussion of each based on my experiences (job/college related)-Offer a critical analysis.
Elucidate how much of the tax is borne by consumers also Elucidate how much by producers. Illustrate what is the new CS also PS.
Suppose the demand for good X is given by Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased?
A monopolist faces the demand curve Q = 11 - P . The monopolist has a constant average (and marginal) cost of $6 per unit.Draw the average and marginal revenue curves and the average and marginal cost curves. What are the monopolists profit-maximizin..
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