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Extension questions: Design a table that indicates for ranges of possible tax rates the amount of abatement that would occur, and the amount of pollution. The table should have three rows: the tax rate range (i.e., $0 to $0.99), abatement quantity (total for the market), and pollution quantity (total for the market).
Explain budgetary decision making in terms of the five decision clusters. Which cluster do you think is the most political and why?
Bridget has a limited income and consumes only wine and cheese. Her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle and the price of cheese is $4 per pound. The last bottle of wine added..
You are trying to model crime rate as a function of unemployment rate, across US counties. You forgot to include educational attainment across counties (that is
Let R be the expected return on a risky investment and R_f be the return on a risk-free investment. The fundamental idea of modem finance is that an investor needs a financial incentive to take a risk. For each company listed below, use the estimated..
As a tax shelter, Joan's father has set up a trust fund into which he puts $1000 every year on Joan's birthday beginning on her first birthday.
Why does the neglect of the mainstream/formal economics matter for its ability to grapple with questions of sustainability?
Comment on the effect of Covid -19 on the market price of banking shares and non-performing assets?
Discuss the different types of needs for security personnel being contracted in three different types of "retail" businesses? Include a relative example for eac
Based on your understanding of the gains from trade, do you think which these payoffs actually reflect a nation's welfare under the four possible outcomes.
Defend your use of either monetary policy or fiscal policy to do this.
Moral Hazard. A worker can choose either high or low level of effort. The cost of high level is 1, the low level does not cost anything. If the agent chooses the high (low) level, principal gets π with probability pH (pL) and zero otherwise. Find the..
Define each protocol and describe at least two data transmission technologies associated with the protocol.
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