Bob and Dexter share a dorm room. Bob is a smoker but Dexter does not smoke. There are no laws that prohibit smoking in the dorm rooms. The benefit of smoking is worth $250 to Bob, but the smoke imposes a $500 cost on Dexter. How might the Coase theorem be used to achieve an efficient outcome in this situation? In your ans
From an economic perspective, explain the difference improving the Quality of Life and increasing the Standard of Living for the average consumer?
What do you think would change if your heating oil or coal supply came from Russia? What environmental law, currently up for debate before a state or federal government, do you support and why?
1. The efficient amount of pollution control is: a) the amount for which the total social benefit equals the total social cost of pollution. b) the amount for which the marginal social benefit equals the marginal social cost of pollution. c) always zero. d) always 100% abatement. 2. In November 2004, the Environmen
AMS recently instituted an in-house recycling program. The benefits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area. The costs of recycling include all of the energy, labor, and space required to do the recycling. Suppose these benefit
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local company, answer the following questions: What 2 policies c
What conflicts may exist between a firm's desire to maximize profits and its ethical obligations?
A firm operating in a purely competitive environment is faced with a market price of $250. The firm's total cost function (short run) is TC = 6,000 + 400Q - 20Q^2 + Q^3 a. Should the firm produce at this price in the short run? b. If the market price is $300, what will total profits (losses) be if the firm produces 10 un
Hi, I need help again: please let me know if you will be able to help me once again with this one. Imagine that you have been invited to speak to an assembly, athletic team meeting or other group at your former high school. You are talking about your career and what you have achieved. Because we're in the realm of fantas
Hello, Please I need help again with the following: Persuasive vs Directive Writing This consists of 3 parts. . First, thinking of something you want someone to do. For example, maybe you want your colleagues to come to the annual department picnic. Or maybe you want a store to provide an extra service because you
Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about your price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic? Be sure t
Discuss the nature v. nurture debate in regard to the socialization of one's social self or personality.
Poole Corporation has collected the following information after its first year of sales. Net sales were $1,600,000 on 100,000 units; selling expenses $240,000 (40% variable and 60% fixed); direct materials $511,000; direct labor $285,000; administrative expenses $280,000 (20% variable and 80% fixed); manufacturing overhead $360,
In a couple of paragraphs, support one of the two viewpoints below concerning the Anheuser Busch InBev merger. View 1 - AB acted as a well-managed business that takes the actions necessary to remain competitive in a very competitive market. If AB had not approved the merger, its profits and stock price would have fallen, and
I have been working on this all have left is Ideas for product differentiation for the organization Please see attachment. I am really stuck on this section. I really need help with this section.
Please assist me with the following questions relating to the Pharmaceutical Industry. What entity is best suited to try to promote positive and discourage negative externalities? How would this entity try to promote and discourage? Why can't the private sector accomplish these objectives? hide problem
Need help with the attached problem: A consumer is in equilibrium at point A in the accompanying figure. The Price of good X is $5. a.What is the price of good Y? b.What is the consumer's income? c.At point A, how many units of good X does the consumer purchase? d.Suppose the budget line changes so that the consumer achiev
Debate the following proposition: "The countries of India and China have a "right" to pollute the environment until they catch up with more industrialized countries."
I need approximately 400 words total to describe the market trends that Nike will face and address how each of the following will change or will not change, and why: a. market structure b. Impact of new companies entering the market What is Nike's market structure?
It is argued that Africa should promote hunting, charging large fees for permits to kill animals (for example, $7500 for a permit to shoot an elephant). a. What are some of the arguments in favor of the proposal? b. What are some of the arguments against?
Are regional trade associations beneficial for the global economy? For members of the association? For non-members? What are the challenges for indigenization of market concepts
Question 2 - Virtual Ray (20 marks) Ray University, always on the cutting edge of technology, is analyzing the possibility of providing virtual courses for its finance students. This virtual university setting would provide the next generation of online courses by using 3D simulated digital environment where users can socializ
Two identical firms save money from polluting. A firm's marginal savings from emitting an amount (e) are given by 10 - 2e. The two firms differ in their impact on ambient pollution concentrations. Two units of emissions from firm 1 result in one unit of ambient pollution. Firm 2 has twice the impact on the ambient environment fr
Details: Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs. For MNE's with multiple foreign operations, consider any one of those operations and the contribution it is making to the parent firm's profits. Using this information, what do you think would
In 2002, a well known conglomerate that manufactures a multitude of noncompeting consumer products instituted a corporate wide initiative to encourage the managers of its many divisions to share consumer demographic info. However, since the initiative, the CEO has noticed that less info is available than ever. Why do you think
Distinguish among private goods, quasi-public goods, open-access goods, and public goods. Give examples of each different good. Please provide references.
The requirement of independent auditors in the 19th century and that of today's independent auditors.
During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their clients but were required to invest in their clients in certains circumstances. Explain the rationale likely underlying that rule. Would such a rule "make sense" in today's business environment in the
Discuss similarities and differences in the roles economists play as policy makers and as scientists. How would advice offered to policymakers differ depending on which role an economist assumes? Please offer an educated opinion.
Explain the tragedy of the commons, as it relates to pollution
1) Determine how global competition impacts your organization 2) Should the organization/industry continue, expand, or reduce current operations in order to maximize profits? Explain your reasoning. a) If your answer is to expand: Should the organization/industry invest in new plants, equipment, or technologies? S