Explain the statement ‘the private classes are better than the group classes’.

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Answer 1

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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3. Consider a single firm that manufactures chemicals and generates pollution through its emissions E. Researchers have estimated the MDF and MAC curves for the emissions to be the following: MDF = 4E and MAC = 125 – E Policymakers have decided to implement an emissions tax to control pollution. They are aware that a constant per-unit tax of $100 is an efficient policy. Yet they are also aware that this policy is not politically feasible because of the large tax burden it places on the firm. As a result, policymakers propose a two- part tax: a per unit tax of $75 for the first 15 units of emissions an increase in the per unit tax to $100 for all further units of emissions With an emissions tax, what is the general condition that determines how much pollution the regulated party will emit? What is the efficient level of emissions given the above MDF and MAC curves? What are the firm's total tax payments under the constant $100 per-unit tax? What is the firm's total cost of compliance…

Answer 2

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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Answer 3

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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Answer 4

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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Answer 5

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

Answer 6

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

Answer 7

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Answer 8

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.