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Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000.
A. On efficiency grounds, should the proposed standard be more stringent or more lenient, and why?
B. Specifically, what does the $125,000 represent?
q.why have generic drug companies been so successful? explain what political conditions also economic conditions would
Suppose that the adult population is 152 million, the number of unemployed is 19 million and the labor force participation rate 63%. What is the unemployment rate?
By increasing the money supply, the Federal Reserve can lower interest rates. This has a broad impact on the economy as mortgages, business loans, etc. can be obtained less expensively. Evaluate this view of the cause of recessions. Do you agree or d..
consider a country described by the one-country model in section suppose that the country temporarily raises its levels
q1. a budget deficit that is only temporary cannot be the source of inflation. is this statement true false or
Explain why each of the factors may influence the own price elasticity of demand for a commodity - The narrowness of definition of the commodity.
Discuss the strategy at HK Disneyland in the context of standardization versus differentiation of attractions.
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
A mineral rights auction is not the same as a common-value auction. An auctioneer is always indifferent between different kinds of auctions. The Dutch and first-price, sealed-bid auctions are strategically equivalent. An English auction always yields..
Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for t..
Fair cross Farms harvests its crops four times annually and receives payment for its crop 90 days after it is picked and shipped. However, planting, irrigating, and harvesting must be done on a nearly continual schedule.
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