Externalities, Microeconomics

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What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss

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Equity, Equity: The proportion of a company's total assets which are "owned...

Equity: The proportion of a company's total assets which are "owned" outright by the company's owners. A company's equity is equivalent to its value less its debt owed to bankers,

Short run costs, A film studio in Hollywood produces movies according to t...

A film studio in Hollywood produces movies according to the function q = F(K;L) = (2=100)K^0.5L^0.5 In the short run, capital (studios, gear) is xed at a level of 100. It costs $

How does the tot relate to the exchange rate, Is the terms of trade (TOT) e...

Is the terms of trade (TOT) explained as the ratio of the value of exports to the value of imports? How does the TOT relate to the exchange rate? The terms of trade (TOT) is ex

Cost minimizing input choice, The Cost Minimizing Input Choice - Assump...

The Cost Minimizing Input Choice - Assumptions Two Inputs: Labor (L) & capital (K) Price of labor: wage rate (w) The capital price - R = depreciation ra

Explain change in quantity demanded and a change in demand, Explain the dif...

Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve.  For instance, if th

Micro Economic Theory, a monopolist faces a demand curve Qd- 120-2p and has...

a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?

What is demographic transition, What is demographic transition In the w...

What is demographic transition In the world today not all nations have gone through their demographic transitions. Many countries today aren't rich enough to have begun populat

What is the major function of commercial banks?, They take deposits which m...

They take deposits which mean borrow money and make loans which means lend money. The interest rate they pay on the deposits is less than the interest rate they charge on their loa

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