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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Normal profit, Normal profit: Normal profit is when total revenue is e...

Normal profit: Normal profit is when total revenue is exactly equal to total cost when the latter includes both explicit costs. It is the type of profit when made by firms in

Market competition., explain why policies for promoting market competition ...

explain why policies for promoting market competition are desireable

#titlefree trade and protectionsm .., why is international trade important ...

why is international trade important for south africa

Design process, The outer shape of a football can be described via the foll...

The outer shape of a football can be described via the following equation               Using Matlab, plot the outer shape of a football in  red or orange using a line widt

Assignment, is south africa''s economic system now more allocative efficien...

is south africa''s economic system now more allocative efficient

#ttitl derivation of demand funcation, derivation of demand funcation usin...

derivation of demand funcation using indifferance curv ordelreay and competed demand curv

Competitive equilibrium, (a)    Explain why the Pareto criterion does not p...

(a)    Explain why the Pareto criterion does not provide a complete ordering of the ordinal utility space (b)   The competitive equilibrium is the only allocation where the gain

Internal rate of return, If, for a specific project alternative, the discou...

If, for a specific project alternative, the discount rate equals the Internal Rate of Return, then the (discounted) Benefit Cost Ratio will equal unity (i.e., BCR=1.0). Define I

Explain the term economic efficiency, Explain the term economic efficiency?...

Explain the term economic efficiency?  Answer:   Economic Efficiency means full utilization of all available resources in economy i.e. to produce the needed amount of goods and

Attitude towards risk - consumer choice involving risk, Attitude towards Ri...

Attitude towards Risk: Let's assume the following: The utility function   •  has the single argument "wealth" measured in monetary units,  •  is strictly increasing, and

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