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Q1. 1. Why are fixed limits on pollution emissions for every firm likely to be an inefficient means of reducing pollution compared to a Pigouvian tax?
2. Would the sales of pollution rights or certificates be an efficient means of allocating a given amount of pollution? Elucidate.
3. Illustrate what are the essential differences among pure public goods also pure private goods?
Q2. Feudalism also mercantilism relied on marketplaces to solve the 3 main coordination problems.
What is the value of net domestic product (NDP)? What is the value of national income (NI).
learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
Assume that the firms form a cartel to maximize total industry profits. Determine the optimum output as well as selling cost for each firm.
Describe the Schumpeterian notion of "creative destruction"
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Elucidate how each change mentioned in the article impacts upon the aggregate expenditure model.
the quantity demanded of Cake is 100 slices and the quantity demanded of cheese bread is 100 pieces.
Show how each of the following would initially affect a bank's assets and liabilities.
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
What performance % would you use to trigger executive bonuses for that year.
What do you think Indonesia's best interests were served by limiting Cemex's FDI in the country.
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