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Suppose now transaction costs were zero, and the firms still own the right to pollute. Is there any agreement the individual and the firms can come to, such that (i) the socially efficient outcome is reached (ii) no agent or groups of agents wish to deviate from the agreement? Explain your answer carefully.
Holding supply constant, an increase in demand will
Can you please explain what elasticity of income means and give me an example that I can understand?
Consider the following real data from the Federal Reserve Economic Database: Unemployment Rate Price Level Real Actual GDP 4th Quarter 2014 5.6% 234.812 16,311.6 4th Quarter 2013 6.7% 233.049 15,916.2 which curve(s) on the ADAS model must have change..
American Analytics is considering a four-year project to improve its production efficiency. Buying a new machine press for $600,000 is estimated to result
For the past few years, Cuban baseball players have been leaving their country illegally to play professional baseball in the United States. (Ex. Yasiel Puig, Rusney Castillo, Jose Abreu). What laws in Cuba are restricting them from leaving legally? ..
Class, Hazeltine, Inc. has sales of $ 762,000, costs of $ 319,000, depreciation expense of $77,000, interest expense of $ 42,000, and a tax rate of 30 percent.
Marx argued that the process of accumulation leads to a rising organic composition of capital. Explain why this matters, both from a theoretical perspective and in terms of real-world implications. Please cite volume and page numbers from Capital.
List the four components of Gross Domestic Product(GDP) and provide an example of each. Explain how each item affects you and the way that you live today should include an introduction, a body with at least two fully developed paragraphs, and a concl..
What effect, if any, would each of the following have on the short-run average (ATC, AFC, AVC) and marginal costs of an auto dealership:
How can you explain that two countries can gain by trading even if one country is more efficient than the other in the production of every commodity? Consider the laws of absolute and comparative advantage. Provide specific examples to support your a..
What recommendations do you have for improving the design of the perceptual map study (i.e. the products, attributes and segmentation questions)?
A new truck was purchased for $180,000 by trading in a similar truck that had a book value of $55,200. Assuming that the trade-in allowance is $46,000, what is the cost basis of the new asset for depreciation purposes?
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