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Price per pack $ 1 $ 150 $ 2 $ 250 $ 3 $ 3.50 $ 4.00 $ 4.50 $ 5.00
Quality (packs per day) 100 $ 90 $ 80 70 60 50 40 30 20
suppose smoking increases extern cost valued at 50 cents per pack If a tax of $ 1per pack is imposed to a $ 2 market price How many packs will be consumed ( packs per day) ?
Is this rate too high, low, or the social optimal rate if consumption ? is it low, high, or the social optima rate
Assume that we have a economy with no government and no capital investment that is closed to the outside world.draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream..
Distinguish between a change in Supply and a change in the quantity supplied. Refer to both increases and decreases for each. Distinguish between a change in Demand and a change in the quantity demanded. Refer to both increases and decreases for.
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply:
suppose that omars marginal utility for cup of coffee is constant at 2.5 utils per cup no matter how many cup he
explores a case for which eco-labeling was used to skirt WTO rulings that force countries to treat products as equal even if the production process violates an environmental rule in the importing countries. Are free trade and environmental sustain..
What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example?
What is forgone when decisions are made?
an industry is composed of 20 firms all with equal sales. the herfendahl index ratio in this industry is a.1000 b.500
The French government has recently increased the retirement age, a decision which is opposed through a large fraction of the French public, especially in students
What are the three stages of a financial crisis? Briefly explain how each stage played out differently during either the Great Depression or the Crisis of 2008.
Which is the best type of worker for the firm to hire?
2.suppose you have just been appointed to a high level position in the economic analysis unit of the state department.
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