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Assignment:
Now assume that the Pigouvian tax of $20 per unit is implemented. What is the new consumer and producer surplus? (Remember that the price paid by consumers is now different from the price received by the producers, with the difference equal to the tax.)
What is this manufacturer's fixed cost? For each level of output except zero output, calculate this manufacturer's marginal cost (MC). For each level of output except zero output, calculate the variable cost (VC)
Why is the concept of elasticity important? What does it tell economists? Tell whether you would classify automobile production as either elastic or inelastic in the short run and long run. (Keep in mind that we are talking here about supply elas..
a study of the costs of electricity generation for a sample of 56 british firms in 1946-1947 yielded the following
Economic challenge could be due to not having transportation due to finances and having to rely on finding jobs near low-income housing or close to bus stops.
A typical university football event need alumni to join one of many booster club before the person can buy season tickets.
Summer is traditionally a time of increased demand for oil because of the many families driving and flying to vacation sites. What would be the combined effect of these two events on the summer market for gasoline
Compute the Z or T value for each one of your samples. Are either of these samples concerning to us? If so, what reasons may attribute to something like this
Does a combination of letters make a word? In what ways might algorithms be said to possess power or authority?
A machine costs $5,240 and generates an annual end-of-year benefit of $1,000 for 8 years. If a nominal annual interest rate of 9.532% with continuous compounding is assumed,
what is meant by inflation? write down the causes of inflation? is inflation desirable and what can be done to control
How do the economic concepts affect strategic planning
The competitive market price has recently dropped below your average total cost, but above your average variable cost.
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