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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Theory of consumer behavior, THEORY OF CONSUMER BEHAVIOR: It is genera...

THEORY OF CONSUMER BEHAVIOR: It is generally observed that market aggregate demand curve for a commodity is downward sloping, given other things. Our problem is to investigate

Disposable income, what is disposable income and its importance.

what is disposable income and its importance.

National budget, National Budget: A National Budget is a document show...

National Budget: A National Budget is a document showing estimates of expected government revenue and intended expenditure for the coming financial year. It usually consist of

Calculate income elasticity of demand, When Alex's income increased from $3...

When Alex's income increased from $3,000 to $5,000, he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from 12 to 6 a month. Calcula

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

Marginal Cost, why raise MC cost after minimum level ?

why raise MC cost after minimum level ?

Define the price ceiling, Define the price ceiling A price ceiling is a h...

Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.

Half-lives, How many half-lives are required for the concentration of react...

How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?

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