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Q. Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?
2. Why do you thing they each would work.
3. Illustrate what would the benefits of each action be (besides emissions reduction)?
4.what would the cost of each action be?
5.how would you decided what was the best level of emission reduction?
How does the life cycle also permanent income theories resolve the seemingly contradictory pieces of evidence regarding consumption behavior?
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a year.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
In uncertain times, especially when the economy is experiencing a downturn, consumer spending tends to decline also savings rates tend to rise
When the work was complete, Chuckrow paid Gough the original contract price but refutilized to pay him for the additional cost of reerecting the trusses.
The project management role has several responsibilities in the area of scope. Which of the following represent these areas for scope.
What will be his economic profit. How much consumer surplus is generated each day at this price. Illustrate what is the socially efficient number of portraits.
Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output.
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods.
Find out and read two articles about a recent controversial issue involving either the Federal or state government and eminent domain.
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