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1. In your carefully considered opinion, what is the role of education in bringing about the efficient treatment of natural resources and the environment? Briefly describe the type of education progams you would recommend.
2. What do you see as the role for policy in bringing about the efficient treatment of natural resources and the environment? Provide a specific example of a policy you would create or abolish.
You are given an asset with a 5 year life and salvage values and annual costs given below: Year 0: SV: $100,000 A.C:$ - Year 1: SV: $75,000 A.C:$ 30,000 Year 2: SV: $41,000 A.C:$ 40,000 Year 3: SV: $30,000 A.C:$ 60,000 Year 4: SV: $22,000 A.C:$ 90..
The DOJ does not observe firms costs and therefore assumes that marginal costs are constant and equal to c1, c2, and c3 in the three markets. a. If firms in M2 or M3 are colluding, what price will we observe
Determine h and k such that the solution set of the system
Find the equilibrium price and quantity
What is the effect on output? What government policy response would you recommend?
Compared to the prices if $30 and $25, what can you say about the marginal valuation that consumers place on the 300th shirt , the 700th shirt and the 1200th shirt they might buy each year. With diminishing marginal utility, are consumers deriving ..
The firm operates in perfectly competitive market and product markets. The going price of capital (r) is $1,000 per machine per week. Moreover, the firm sells its output at the going price (p) of $1 per widget. Consider the firm's short run labor ..
Consider the market for ice cream as in the previous problem. This has a demand curve given by D(P)=100-P and a supply curve given by S(P)=1+98P. If the government implements a $9 tax, what is the price that consumers will pay
Acme Landfill Company is considering the purchase of 10 better trash collection trucks. Each truck costs $50,000 and will last 7 years. the firm estimates that the entire purchase will increase its annual total annual revenues by $100,000 per year..
Under the price ceiling, quantity supplied and quantity demanded differ. Which of the two will determine how much oil is purchased? Briefly explain why.
State the effect on sample size of an increase in each of the following factors, assuming all other factors are held constant:
Derive and graph Home's import demand schedule. What would the price of wheat be in the absence of trade?
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