6. A paper mill dumps waste into a lake used by a tilapia farmer. The paper mill’s marginal private cost function of producing a tonne of paper is represented by: MPC = 5 + ½ Q and the marginal benefits can be represented by: MSB = 65 – Q. The tilapia farmer’s costs from the pollution can be represented by: MEC = ½ Q.
   1. Sketch the paper mill's marginal private cost curve, the marginal social cost curve, and the marginal social benefit of paper curve.

2. What is the efficient level of paper production? If no one owns the lake and there is no regulation of pollution, what is the quantity of paper produced per week? Illustrate the deadweight loss of the no-regulation level of production in your figure.

3. If the government introduces a tax to correct the externality, what is the tax per tonne of paper produced that achieves an efficient outcome?

4. If the tilapia farmer owns the lake, how much paper is produced per week and what does the paper mill pay the farmer per tonne? Explain you answer.

5. If the paper mill owns the lake, how much paper is produced per week? Explain.

6. Compare the quantities of paper produced in (d) and (e) and explain the relationship between these quantities.

1. Why is the principle agent-problem important in economics?

2. what two critical assumptions underlie the principle agent-problem?

3. Provide two critiques or counters of the assumptions outlined above.

True or False

1.The Cross-Price elasticity of demand for good X is -2, if its demand changes from 100 units to 300 units, because of an increase in Price of Good Y from $1 to $2?

2.If the Demand for a good is inelastic, we can say that, as Price decreases, the Total Revenue will decrease.

3.If the demand for a good rises, when income falls, the good is an inferior good.

4.Because of the law of supply, we can be sure that price elasticity of supply, which measure the responsiveness of quantity supplied to a change in market price of the good, will always be NEGATIVE.

In 75-150 words

What characteristics of early Chinese culture, belief and social organization were most notably developed in the Shang period?

2. Critical analysis Q3

Which of the following is likely to be the largest source of earnings differences between an upper-story window washer and a ground-floor window washer?

A difference in years of experience

Compensating wage differentials for dangerous working conditions

Tournament pay

A difference in job location

7. Critical analysis Q11

Consider two occupations (A and B) in which people have the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day. In occupation A, employment is stable throughout the year, while employment in occupation B is characterized by seasonal layoffs.

The hourly wage will be lower in occupation (A or B)? .

write two pages essay on how family influences society

What would be a good outline for writing a research paper on the similartities and difference between the monetary and banking systems of France and those of the United States? The history of the use of currency and the evolution and nature of the commercial banking system in France and the United States? And the evolution and nature of central banking in the United States and France?

How do you explain economics of large-scale production? Who do certain businesses, such as cigarette manufacture, seem to enjoy them, whereas other businesses, such as barbering do not?

1) Draw a generic Aggregate Supply and Aggregate Demand curve on a set of axes. Label vertical and horizontal axis appropriately and indicate where the macroeconomic equilibrium is.

2) Then, find a current events article that discusses some macroeconomic even that will affect either AS or AD. Represent this effect using a rightward or leftward shift as appropriate.

3) Use your model to interpret the effect of the event from your article or scenario on the price level, output, input, and unemployment for the relevant economy.

2. A firm has a demand and cost function given by: D: P=100-Q, C: P=10+2q1+4q2

a) Demonstrate whether this firm has economies to scale.

b) Demonstrate whether this firm has economies of scope.

c) Assume that the firm is the only firm in the market, derive graphically and numerically the optimal quantity, price and the profits/losses.

d) What is the Lerner Index? Provide a numerical value and explain the relevance of the index/how it is used

Gold is up; stocks are down and cleaning product companies are doing well. Can anyone tell me why is this virus affecting the stock market in the USA?

Unemployment soars and Corona virus epicenter moves to the US. Just curious for your thoughts on the potential ramifications, both for the economy of the US in GDP and also the reported tensions between China and US trade?

The coronavirus has affected the entire economy leaving businesses around the world counting costs. A lot of investors in the entire world are fearing that because of the spread of the virus will destroy economic growth and that the government if they do not take actions it might not help to stop the decline. In the other hand, the number of people filing for unemployment in the united states hit a record.

• Explain how firms can increase revenue and profit by expanding globally.
• Identify the different international strategies for competing and their pros and cons.
• Explain the pros and cons of using strategic alliances to support international strategies.
• Compare and contrast the different modes that firms use to enter foreign markets.
• Identify the factors that influence a firm’s choice of entry mode.
• Recognize the pros and cons of acquisitions versus greenfield ventures as an entry strategy.  
• Explain the promises and risks associated with exporting.
• Explain the basic steps involved in export financing.
• Identify information sources and government programs that exist to help exporters.