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The presentation should introduce and analyze an interesting environmental regulation proposal, a firm's unique environmental strategy, an environmental opportunity you see in the market, an example of environmental entrepreneurship, an environmental economics research study, or anything else you think would be useful to share with the class. The key is to discover these "stories", learn about the scientific, legal, or political details that drive the issue, use economic concepts to enhance your analysis, and then share all that with the class so as to facilitate discussion.
In article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production
Using the midpoint formula, calculate the price elasticity of demand for the following problem: Calculate the income elasticity of demand using the general formula for elasticity:
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
Determine the profit maximizing level of output and price. Is this long run equilibrium? According to the theory of monopolistic competition, do you expect entry or exit taking place in this industry?
Describe the US household is harmful to the economy with the use of AS-AD diagrams.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Write an equation that expresses the money supply multiplier (for M1) in terms of its three determinants.
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available for purchase and P x = $5, P y = $10, X = 20, and M = 500?
If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates remain constant for the next five years, what will be the population and GDP levels in five years? Please show your work.
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
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