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The supply of X can be described as Qs = 30P whereas the demand for X is Qd = 2000-10P; where Qs is the quantity supplied, Qd is the quantity demanded and P is the price. As such, find the a) equilibrium price P, b) the quantity of X that will be produced if third parties are ignored, and c) what is the socially efficient output of X if each unit of X imposes a $10 external cost on third parties.
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
Describe the major difference between the law of demand and the law of supply. Consider the supply and demand schedules below.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
Essay on Market imperfection associated with negative externalities.
Article may originate from the internet however please provide the link to the particular article you are reviewing.
In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?
In a perfect capital market, advices for a corporate financial manager on making capital structure decisions.
Explain how the central bank in a modern economy operates; in particular, how it tries to control the monetary base (H), and thus the quantity of money (M) via open-market operations.
Illustrate each of the following events using a demand and supply diagram for bananas.
A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95.
What are the two problems facing the Bank of Canada in trying to control the money supply precisely?
Describe the following statement: "In competitive market the least-cost production methods are revealed by entry and exit, while in public utility regulation they're revealed by commission rate hearings. It is easier to fool commissi..
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
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