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The U.S. government is considering a pouch to lease oil rights inside of a monument, but will only allow it if it passes the compensation test. The forest service estimates the marginal benefit curve of park acres to visitors as MB = 300-3Q. The park is 30 acres (Q) but will only give access to 12. Using the information given, explain when this policy would pass the compensation test.
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
Discuss the benefits and risks of the United States becoming a net debtor nation. Explain why nations impose trade restrictions if free trade is the best policy.
Apple, Inc.'s strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. What is the current and projected unemployment for India over the next..
The supply curve shows a positive relationship between price and quantity supplied. Elucidate role does the loss of increasing opportunity cost play in this relationship? What role does profit play in this relationship.
suppose 10 of all workers are of high ability. if a firm knows a workers ability workers of low ability are paid 20000
According to economist, if savings equal $5 trillion and spending equals $100 trillion, what will investment equal?
What are the macroeconomic consequences of a budget deficit when the economy is operating at full employment? Be sure to discuss the effects in the short run and long run.
Assume the economy initially is in a long run equilibrium plus the following: the U.S. dollar is relatively strong against all major foreign currencies. Suppose the Congress and the President decide to decrease government spending dramatically
Given table of data comprising real GDP and its components over a number of years, compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption.
an electric company must decide whether to install a scrubber to reduce sulfur dioxide emissions from its electric
What is the additional revenue a firm receives from selling an extra unit of output?
MacKenzie Company is planning leasing a new asset. The lease would run for eight years and require eight beginning-of-year payments of $100,000 each.
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