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Problem: Table 10-4 Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars) 1 46 21 6 2 44 24 6 3 42 27 6 4 40 30 6 5 38 33 6 6 36 36 6 7 34 39 6 Refer to Table 10-4. Which policies would move the market from the market equilibrium to the socially optimal equilibrium?
Can exporting primary goods lead to economic growth? In your answer be sure to explain arguments for and against this link. Be sure to include a graphical.
Compute the PI statistic for Project Q and advise the firm whether to accept or reject the project with the cash flows shown as follows if the appropriate cost
A local finance company will loan $8,000 to a home-owner. It is to be repaid in 24 monthly payment of $498 each. The first payment is due 30 days after.
Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles.
What are the differences between the Trump and Clinton positions and that of the article. List and explain as many differences as you can. What is your opinion on U.S. trade? Do you agree with Trump or Clinton or neither? Explain.
Assume that there are two countries (A and B) that produce product X. The demand functions are as follows:
The inverse demand curve for bottled mineral water is p(y) = 20 - 0.2y, where p is the price per gallon and y is the number of gallons sold.
Write down the production side equilibrium conditions for the model and use these plus the demands to solve for the general equilibrium in Autarky?
A prime minister of an emerging country once bragged that he was going to make his country self-sufficient and independent of foreigners. Do the principles of economics suggest anything about how you as a native of that country might have been affect..
From the book Think Like a Freak chapter 2, explains the wine experiment. What made this an experiment? What were the findings?
If annual average population growth rates had been 0.1% for A, 3.0% for B and 5.0% for C from 2000-2050, how much does the change in population growth rates from 2000- 2050 to 2050-2100 affect the steady state levels of per capita gdp for each cou..
In many developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater eductional oppotunities for young women could lead to faster economic growth in these countries
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