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A. Show the open access and efficient level of hunting effort when hunter utility is tightly tied to harvest rates, akin to a commercial fisherman.
B. Show the effect of hunters gaining utility/enjoyment from attributes of the hunting trip (e.g., camaraderie, health, views) on the open access and efficient level of hunter effort, more like a recreational angler. Be sure your graphs’ labels appropriately reflect these differences.
What is the unemployment rate for this simple economy? What is the labor force participation rate for this simple economy? Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60..
Contrast the role of fixed costs and variable costs in economic decisions about future production and pricing.
US companies currently have between $1-2 trillion in cash and cash equivalents on hand (although much of it may be in overseas subsidiaries.) Real Gross Private domestic investment in the US still hasn’t recovered to its peak in 2006. What are some o..
Medicare beneficiaries started to receive outpatient prescription drug benefits beginning in 2006, with the implementation of Medicare Part D. As a result, Medicare’s share of national prescription drug spending increased. Explain how the pharmaceuti..
Describe the distinguishing features of the Canadian governance model. Contrast with the governance model of China.
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
Consider a public project to build a bridge. The government is deciding whether to undertake it or not. Let k = 1 if the bridge is built and k = 0 if the bridge is not built. The cost of building the bridge is C = 97. Assume the government knows θ. F..
Pink lady apple demand and supply. Consider all six factors of demand and supply - identify which factors this information might impact. Assume in a perfect competitive market structure, Analyze what would happen in the market place given the finding..
1. Explain why resources of the island need to support more people than just the native population. 2. Identify and explain TWO examples of scarce resources mentioned above.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
A 40-acre Christmas tree plantation produces $3,500 of net revenue per acre every 9 years. If the interest rate is 8%, what is the maximum amount money you should be willing to pay to acquire the plantation when the first cash flow is 9 years away?
The initial steady-state level of capital per worker in Macroland is 5. The Golden Rule level of capital per worker in Macroland is 8. a. What must change in Macroland to achieve the Golden Rule steady state? b. Why might the Golden Rule steady state..
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