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1. What is meant by externalities? What are different types of externalities?
2. What are different types of externalities?
3. What is the Coase theorem? How is it related to externalities?
Suppose we have the following market supply and demand schedules for bicycles: Price Quantity Demanded Quantity Supplied $100 70 30 $200 60 40 $300 50 50 $400 40 60 $500 30 70 $600 20 80. Plot the supply curve and the demand curve for bicycles. What ..
A perfectly competitive industry has a large number of potential entrants. all firms have identical cost structure and minimize cost at the same point where Min AC=MC. what will be the new market equilibrium price and quantity?
What percent of the tax is borne by buyers. If income rises to $40,000, how much will tax revenue rise.
Two different brands of milk are randomly samples, and the fat content in each bottle of mild is determined. Twenty six bottles of Brand A yielded an average fat content of 26 grams with a standard deviation of 5 grams, and 31 bottles of Brand B yiel..
Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.
What effective interest rate should be used for a semiannual (twice per year) payments with an APR=15% compounded weekly? Show all your work
Elucidate how absolute also comparative advantages were used in your simulation. Elucidate the influences affecting foreign exchange rates.
Develop a plan to propose taxes for your town, create a report in that what are the main factors that you will consider while selecting taxes to be imposed on Small Business Owners, Property Owners, and Individuals.
Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will follow its price cuts. Draw and explain the demand curve facing eac..
Critically evaluate the following statement: Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from this form of gambling.
You buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation for the budget line with bananas on the y-axis. Is that equation unique?
Illustrates what happens if business taxes are reduced also the real interest rate increases
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