3. Suppose that the inverse demand curve for paper is = 300 − 2, the private total cost is = 50 + 2 Cp = 50Q + Q2 . During the production of paper, pollution is generated and the total
external cost from pollution is = 0.52.
3.1 What is the unregulated competitive equilibrium?
3.2 What is the social optimum? What specific tax (per unit of output) results in the social optimum
if a perfectly competitive market exists?
3.3 Assume that a monopoly market structure exists. What is the unregulated monopoly
equilibrium? What specific tax (per unit of output) results in the social optimum?

In a sumif conditional function, what should be the order of terms in the parentheses?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?