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Question: Suppose marginal savings from pollution emissions e are known, MS(e) = 36 - 9e. However, marginal damages are uncertain: MDH(e) = 16e with probability 0.3
MDL(e) = 6e with probability 0.7
1. What is the expected marginal damage function? Draw a diagram showing this function, along with MDH(e) and MDL(e). Include the marginal savings function.
2. What is the optimal Pigouvian tax rate, in expectation? Show it on your diagram.
3. If the tax rate you calculated in part 2 is imposed, what is the expected DWL?
A profit-maximizing monopolist faces a downward-sloping demand curve that has a constant elasticity of -4. The firm finds it optimal to charge a price of $24 for its output. What is its marginal cost at this level of output?
An economy adjust on its own to close a recessionary gap because there is
There is an OPEC cartel that reduces the production of world oil by several million barrels a day. Which of the following correctly captures the effect of this change on the market for gasoline?
In his "Comparative Advantage" example British Political Economist David Ricardo described the following example. Two countries, England and Portugal fully empl
Video and article:What are 'Porter's 5 Forces'explains Michael Porter's five forces model. Video:The Five Competitive Forces That Shape Strategy- Michael Porter discusses his five forces model that is used to describe industry dynamics, which are i..
What do you understand by informal care? Explain consequence of informal caregiving and provide one way to strengthen it.
1. Discuss differences between research, search, and reporting.
Use this information to find the Equilibrium Price, Quantity and Revenue in the market.
1. What is the law of comparative advantage, and why is it important in international trade?
Explain why businesses should only be socially bound when it will have an effect on sales or investors interest.
Eskom is South Africa's monopoly power producer, which the majority of South Africans depe on. Suppose there is an introduction of another power producer and Es
q1. do you believe economic darwinism is reflected in the us banking policy of some banks are too big to fail
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