Suppose the initial marginal cost per mile traveled by car is $0.32, and the initial mileage for the typical driver is 1,000 per month. Assume the elasticity of miles driven with respect to the price is −1.0. Suppose the government uses a per-mile tax to internalize the environmental externalities associated with car travel (for air pollution and CO2 ). Illustrate the effects of the tax on equilibrium miles driven, including a new value for miles driven

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

What are two benefits of consumer programs