Other Economics Answers

Show graphically and explain an allocative efficient level of abatement. Label your graph and explain.

If she spends all of her income on trouser and shoe during Christmas shopping, Rahel can afford 8 trousers and 8 pairs of shoes. She could also use her entire budget to buy 16 trousers and 4 pairs of shoes. If the price of a trouser is 400 Birr, then A) How much is Rahel’s income allocated for Christmas shopping? B) What is the budget line equation of Rahel? C) If Rahel’s utility function is U=T0.8S0.2, where T is Trousers and S is Pair of Shoes. What is the optimal combination of Trousers and Pair of Shoes for Rahel?

Explain, briefly using as many examples as possible how conservationists and other private individuals were able to increase the amount of environmental quality, though it is a public good, by the use of permits, credits, or certification.

. A monopolist has the following weekly total revenue and total cost function (R) = 30Q- Q^2 and (C )= Q^3 -15Q^2+10Q+100, respectively in dollars.

a) Find the level of output that maximizes the profit?

b) Find the maximum weekly profit?

c) Find the point elasticity of demand at equilibrium level of output?

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: paragraph of 250 words

Suppose you are a monopolist and find that the demand elasticity of your product is different in two markets what would be your pricing strategy

Latin Corporation’s breakeven point in revenues is $1,000,000 and fixed costs is $400,000Required: 1)Compute the contribution margin ratio2)Compute the selling price if variable costs are $12 per unit3)Suppose 80,000 units are sold, compute the margin of safety

Explain why Microeconomic and Macroeconomic issues should be treated at different levels 

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: (150 words)

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: (250 words)