Fuel efficiency standards

 

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Fuel efficiency standards

ECN 360 Week 4 Discussion 1

 

Fuel efficiency standards. Why would the manufacturers of autos resist attempts to establish higher fuel efficiency standards? How would their costs, sales, and profits be affected?

ECN 360  Week 4 Discussion 2

Select one of the cases below and discuss what would happen to marginal physical product and why:

  1. More secretaries are hired in an office.
  2. More professors are hired to teach economics.
  3. More construction workers are hired to construct an office building.

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