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Ethanol or ethyl alcohol is a motor fuel produced from sugarcane, corn or other sugar based feedstocks. In the United States, where ethanol production uses corn as feedstock, the Energy Policy Act requires that a minimum quantity of renewable fuels like ethanol be blended into gasoline. Commentators call this requirement the “corn ethanol mandate”. Currently, there is an increasing political pressure to end the ethanol requirements reflected in four bipartisan proposals that call for an end of the “corn ethanol mandate”. Briefly discuss how the end of the mandate would affect consumer surplus and producer surplus in the market for ethanol, in the market for corn, and in the market for morning cereals.
Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..
What approach can be taken in regression to account for qualitative factors or events?
The behavior of almost everyone indicates that people believe they will be better off if they earn a larger income, because a larger income means the ability to acquire more of what they want almost, but not quite, without regard to what it is that t..
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
Include both advantages and disadvantages in you argument. What are the economic effects of a depreciation of the US dollar on US trade balances?
Critically evaluate the provision resulting from the Uruguay Round to require that the least trade-restrictive measures should be used to achieve environmental goals. Include in your answer both the environmental and economic implications. Support or..
Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabilit
Suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q=200-2p (so p=100-Q/2). Total costs of running a flight on this route are 700+40q where q is the number of passengers on the flight. Each..
During the spring when demand for lobster is relatively low, Maine lobster fishermen are able to sell their lobster catches for about $5.50 per pound. During the summer when demand for lobster is much higher, Maine lobster fishermen are able to sell ..
Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production function: Y = 30K + 10L The firm wants to produce 600 units of output.
Analyze the role of credit rationing in both a developed country and a less-developed country. How does the role of credit rationing influence economic growth and employment in these two countries?
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