Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 9, Problem 33P

Draw a monopolist’s demand curve, marginal revenue, and marginal cost curves. Identify the monopolist’s profit-maximizing output level. Now, think about a slightly higher level of output (say Q 0 + 1) .

According to the graph, is there any consumer willing to pay more than the marginal cost of that new level of output? If so, what does this mean?

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Suppose the exchange rate between the British pound and the U.S. dollar is​ £1 =​ $2.00.   The U.S. government implementsU.S. government implements a contractionary fiscal policya contractionary fiscal policy.   Illustrate the impact of this change in the market for pounds.   ​1.) Using the line drawing tool​, draw and label a new demand line.   ​2.) Using the line drawing tool​, draw and label a new supply line.   ​Note: Carefully follow the instructions above and only draw the required objects.
Just Part D please, this is for environmental economics
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…

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