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Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization collects enough donations to stop the farm's pollution.
Which of the following types of private solutions to the externality of pollution has occurred in this case?
(Contacts, moral codes and social sanctions, integration of different types of businesses through merger or acquisition)
It’s important to note that sometimes private solutions to externalities do not work. For example, this occurs when the number of parties involved is so large that it makes...
(government action the only viable solution, the market failure from the externality unimportant, coordinating negotiations among all of the parties too costly)
If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units, then what is the value of price elasticity of supply?
q1. the supply side economics of the regan administration 1981-1988 presumed that income tax cuts would stimulate
Greece has a GDP of some 200 billion euros, with exports of about 40 billion euros and imports of about 50 billion euros. Assume net unilateral transfers are zero, and the statistical discrepancy in the balance of payments is zero. What is Greece’s..
If the government establishes a quantity subsidy on the consumption of a good, it means that the consumer has to pay for each unity of the good its price minus the subsidy. That is, the price of the good becomes, in the consumer’s point of view, p..
Analyze the working capital of the health care organization you selected. Evaluate the impact of regulations, business plans, and economic dynamics on the working capital requirements of the business. Include whether or not there is sufficient wor..
1. A new client has approached you and asked for advice on what documentation will be required for the preparation of their first tax return in Australia.
Markets tend to produce:
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
You have just been hired as the controller of Land’s End Hotel. The hotel prepares monthly responsibility income statements in which all fixed costs are allocated among the various profit centers in the hotel, based on the relative amounts of revenue..
q1. compute the elasticity of demand for fords automobiles or choose a specific make model and interpret what the
Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2009 with real per capita GDP equal to $20,000: Which nation most likely experienced a sizeable earthquake in late 2009 that destroyed a signif..
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