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1. Developers frequently buy land and hold it on speculation; in effect they "bank" land. Should firms be permitted to buy and bank pollution rights in the same say? Would such a practice contribute to overall economic efficiency?
2. "If allowing firms to trade pollution rights lowers the cost of meeting pollution standards, it should also allow government to tighten standards without increasing costs." Do you agree or disagree? Why?
Describe a company you would like to start and determine which form of ownership would be most appropriate given your current financial status. Explain your rationale.
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor in elastically. The demand for taxider..
1. recently the obama administration proposed a 1.00 per unit pack excise tax on cigarettes which would be imposed
In what ways does economics class relates to the real world? How does knowledge gained from economics teaching been valuable in helping somone understand or evaluate events or policies?
Suppose all iPod owners consider only two options for downloading music to their MP3 players: purchase songs from iTunes or copy songs from friends' CDs. With these two options, suppose the weekly inverse market demand for the Rolling Stones' song..
What is the marginal revenue function? What is the profit maximizing level and total profits?
How does this compare with your answer in part and explain why firms find it profitable to change their quantities in this way.
Describe the method of contingent valuation for measuring the economic impact of crime. What are the advantages and disadvantages of this method relative to trying to measure the cost of crime directly
What were the labor-force participation rate and the unemployment rate for this group?
Homothetic Preferences. The preferences represented by >= are homothetic if for any two bundles X and Y such that X >= Y, we have tX >= tY for all t > 0. Solve the consumer's problem and deduce the demand functions.
what conditions must exist in order for a pure monopolist to achieve economic profits? is the profitability of a firms
when several people died because of poisoned capsules of tylenol pain reliever strict government regulations were
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