ECON 2010 FINAL

Spicey johns bbq had been a favorite last meal choice

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Unformatted text preview: uot; Texas has passed a new law to eliminate the traditional last meal offered to death row inmates. Spicey John's BBQ had been a favorite last meal choice. The new legislation will____ A) Raise the equilibrium price and raise the equilibrium quantity of meals at Spicy John's B) Lower the equilibrium price and lower the equilibrium quantity of meals at Spicy John's C) Raise the equilibrium price and lower the equilibrium quantity of meals at Spicy John's 36. Imagine Boulder is required by the Federal Government to reduce its toxic emissions from dry-cleaning facilities by 20%. The Boulder City Council achieves this goal by requiring every such facility in Boulder to reduce their toxic emissions by 20%. Which alternative most likely describes the result? A) The total emissions reduction is achieved, but not at minimum cost B) The total emissions reduction s achieved at minimum cost some firms are more efficient so they should be able to produce more pollution than the other, but if you make 37. Thelma's love for Wayne never waned. everyone has to reduce by...
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