Is the externality positive or negative? explain. identify the socially optimum output. explain how you determined your answer. suppose that banana oil is produced by a profit-maximizing monopoly. answer each of the following. i. identify the unregulated firm’s output. explain how you determined your answer. ii. to produce the socially optimum output, should the government tax or subsidize the firms in the banana oil industry? if so, how much should the tax or subsidy be? suppose that banana oil is produced in a perfectly competitive industry. answer each of the following. i. identify equilibrium output in the absence of regulation. explain how you determined your answer. ii. to produce the socially optimum output, should the government should tax or subsidize the firms in the banana oil industry? if so, how much should the tax or subsidy be?

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries