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Card 6 / 9:
Suppose a city releases 16 million gallons of raw sewage into a nearby lake. shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.)
Using the information in , calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Cost and Industry Structure if you need a refresher on how to calculate marginal costs.What is the optimal level of sewage for this city?Why not just pass a law that zero sewage can be emitted? After all, the total benefits of zero emissions exceed the total costs.
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Questions & Answers
profit maximize for monopolistically?
what kind of demand curve under monopoly?
what is the difference between inflation and scarcity ?
What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?
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why economics is difficult for 2nd school students.
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economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
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Economics is a branch of social science that deal with How to wise use of resource ,s
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Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
Kalkidan
What is demand and supply
Money market is a branch or segment of financial market where short-term debt instruments are traded upon. The instruments in this market includes Treasury bills, Bonds, Commercial Papers, Call money among other.
Examine the distinction between theory of comparative cost Advantage and theory of factor proportion
a general and ongoing rise in the level of prices in an economy
AI-Robot
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giving examples
differentiated between demand and supply using examples
Lambiv
Source:
OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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