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Q. Sometimes market activities (production, buying and selling) have unintended positive or negative effects outside market's scope. This is called an externality. Suppose that you are a policy maker concerned with correcting effects of gases and particulates emitted by and local power plant. What tools would you use? What would be benefits of action? What would be costs? How would you decide what was best level of emission reduction? Why do you think your approach would be better than others?
AMS recently instituted an in-house recycling program. Profits of this program include not only profits to environment of recycling. Illustrate what level of Q maximizes profit of recycling.
Consider a finite set of prizes X and probabilities P on them. Suppose that an expected utility maximizer's preferences > on P have an expected utility show with utility function on prizes u : X->R.
Demonstrate how growth accounting could be utilized to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real income rate also the real interest rate.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
hat same article reports that shakeup of upper-management is over at U.S. industries and that over next decade re will be a nationwide surge in demand for MBA's. How will se events affect your industry's ability to expand its own base of MBA's.
Elucidate how on your diagram also calculate the profit maximizing output also price. Calculate the consumer surplus at the profit maximizing price also quantity.
If fixed costs increase to $1200, what will happen to equilibrium price and quantity.
Explain how much of input 2 does it use. B) What is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
Explain why would a chain such as Marriott tend to own its hotels in resort areas, such as national parks, where there is little repeat business, and franchise in downtown areas.
Explicates which influences the marginal benefits also marginal costs associated with the decision to purchase a house.
How many times would Mexico's 2005 real GDP per person have to double to reach the United States' 2005 real GDP per person.
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