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The equations for the marginal emissions damages and marginal emissions benefits (MAC) of an industry are known and described by the following equations:
MED = and MEB = 175 - 5Where E is pounds per year.
a. A tax is imposed on the industry to account for the environmental damages associated with production activities. What is the efficient tax rate?
b. Assuming the same tax as in part (a), what is the government revenue from the tax?
Jodie earns 25,000 atthe end of year 1,when the CPI was 460. If the CPI at the end ofyear 2 is 504, what would Jodie have to earn at the end of year 2to maintain a constant real wage.
Keeping in view this notion, assume that Investment (I) = 100, Savings (S) = 120, Exports (X) = 40, Imports(M) = 30, Taxes (T) = 40, Government Expenditures (G) = 50a. Point out the leakages and injections functions.
How is the deadweight loss affected by changes in a and b? How does a change in b affect the elasticity of demand at the equilibrium without taxation?
Consider three alternative policies, each with a different set of outcomes in terms of output and inflation, as shown in the following table: Output Policy A (1) 500.0, (2) 515.0, (3) 530.5, (4) 546.4, (5) 562.8. Output Policy B (1) 500.0, (2) 500..
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production function exhibit increasing, decreasing or constant returns to scale
All the numbers after the x's are subscript. Y=13.20 + 2.10x1 +1.24x2 +0.62x3 where Y= monthly sales revenue (in $1,000's) x1= monthly advertising expenditure (in $100s) x2= (x1)^2 x3= a time trend x3=1 in month 1, x3=2 in month 2 etc.
Summarize the history of your chosen firm and provide an overview for what it does and what goods/services it sells.
Summarize the general idea of Bayesian model averaging. When would this method be preferred to choosing one of the alternative models?
What would you expect to be the pattern of international specialization and trade? What would determine who produces the good?
Hardware should be broken into, at a minimum, two high-level tasks: collect requirements and procure software. These will be mainly COTS systems requiring no modifications. One engineerwill be assigned full time to monitor this task. This will all..
Suppose the government wants to set a ceiling price that induces the monopolist to produce the largest possible output. What price will accomplish this goal?
Derive the total demand for this public good by summing the demands vertically, and write down a resulting equation for this demand curve.
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