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irms A and B each produce 80 units of pollution. The federal government wants to reduce pollution levels. The marginal costs associated with pollution reduction are MCA = 50 + 3QA for firm A and MCB = 20 + 6QB for firm B, where QA and QB are the quantities of pollution reduced by each firm. Society's marginal benefit from pollution reduction is given by MB = 590 - 3Qtot, where Qtot is the total reduction in pollution. What is the socially optimal level of each firm's pollution reduction?
Why is the theory of inflation that we have learnt in the class called classical theory - transaction whose value does not qualify as a part of nominal GDP
Last year, Urbana Corporation had $197,500 of assets, $307,500 of sales, $19,575 of net income, and a debt-to-total assets ratio of 37.5 percent.
Identify and briefly describe the organization, D.R. Horton. Explain why this will be an interesting focus for the application of macroeconomic ideas.
suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is
Discuss the concept of 'instruments and targets' in macroeconomic policy and assess how this concept might be applied to the current policy framework in Australia.
Illustrate fiscal policies also monetary policies which would be appropriate at this time.
Characterize each of the following statements as true or false, and explain your answer.
imagine there are two polluters of a given substance with the following marginal-abatement cost functions mac1200-e1
1. nbspbriefly define the following termsa.nbspnbspnbsp net borrowerb.nbspnbspnbsp currency appreciationanswer the
What was Real GDP for 2009? What does GDP tell us? How did GDP change from 2008? What caused these changes
Assume the government mandates that all firms over 50 employees must provide an increased level of health care benefits. Could you please describe what effect this will have on the aggregate supply curve.
The manufacturer of these products has been in business for over 350 years.Your task is to find two more businesses which have also been around for at least over one hundred years.
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