Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the Oconee River. New plastics technology makes kayaks less expensive to make. As a result, one should expect:

a. Equilibrium price to rise, but equilibrium quantity to be indeterminate from the information given.
b. Equilibrium price to fall, but equilibrium quantity to be indeterminate from the information given.
c. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.
d. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to fall.

Yard tools manufactures lawnmowers, weed-trimmers, and chainsaws. its sales mix and unit contribution margin are as follows. sales mix unit contribution margin lawnmowers 20 % $30 weed-trimmers 50 % $20 chainsaws 30 % $40 yard tools has fixed costs of $4,200,000. compute the number of units of each product that yard tools must sell in order to break even under this product mix.

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production