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How do neighborhood associations and homeowners' covenants control negative externalities and encourage (or require!) positive externalities? What are the advantages and drawbacks of this approach from the perspective of the individual homeowner?
Suppose a firm produces its output in two different plants. Production costs at plant 1 are given by C1 = 4(Q1)2, where Q1 is the amount of production at plant 1. The production costs at plant 2 are given by C2 = 2(Q2)2
Do you need to know the income of the consumer to answer this question? Why or why not?
Given his plot of land, a farmer uses labor (10 workers), capital (5 pieces of equipment), and fertilizer (5 tons) to produce corn. He has figured that each additional worker hired over the course of the growing season adds 5000 bushels to his cro..
Explain the effects you believe the Internet's capabilities will have on the brands you identified in the previous discussion and what the owner of the brand should do in light of them.
On what sources does an auditor base his expectations
The following table shows how the total cost of producing canisters of peanuts varies with output and capital in the long run in a perfectly competitive industry. Quantity of Peanut Canisters each hour 0 1 2 3 4 5 6 7 8 Total Cost (K=1) (in dollar..
Provide an intuition for why countries grow at the same rate despite different rates of discounting.
What happens in the short run to equilibrium output? To unemployment? Over time, will inflation tend to rise or to fall? Explain how the adjustment of inflation works to return the output gap to zero. What happens to the real interest rate?
Compare and contrast how production analysis is carried out and be able to evaluate production situations using economy of scale, elasticity, and other analytic tools. Production analysis is carried out and be able to evaluate production situation..
a. What is the demand curve for the Toyota Camry if the price of the Accord is $25,000, gas is $2 per gallon and income is $50,000 b. What is the equilibrium price and quantity in the market for Toyota Camrys
The total costs for Morris Industries are summarized in the following table. Based on this information, fill in the missing entries in the table for fixed cost, variable cost, average fixed cost, average variable cost, average total cost, and marg..
Why the government wants to keep the price athigher level i.e. to $5.50 when there is decline in export demand. Will it effect on the quantity demanded or quantity supplied equation and curve and how much
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