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If you were responsible for setting the NAAQS for lead, what key determinants would you consider if the standard were established to meet the efficiency criterion. Be sure to itemize separately the benefits and costs associated with your decision.
Illustrate what is the probability that a simple random sample of auto insurance policies will have a sample mean within $25 of the population mean for each of the following sample sizes: 30, 50, 100, and 400.
Demonstrate by example about production which exhibits constant returns to scale.
Explain why each of following is or is not a valid probability distribution for a discrete random variable x: See p.183-84. 4.16 Toss three faircoins and let x equal number of heads observed.
Illustrate what are short- and long-term economic profits and costs associated with our current high federal government budget deficits.
He proposed an increased in ethanol produced from corn and the stalks and leaves from corn and other grasses. Illustrate what is the likely impact of these two events on food prices in the United States.
As a postgraduate student of economics I've been trying to expand my mathematical "toolset". While doing so I've talked to engineers, physicists and mathematicians, many of which have disdained the use of mathematics in economics. Their arguments var..
decides not to play by the rules of the game. Then illustrate what could the final equilibrium position be.
answer both question 1 and 2question 1consider an investor who has the von neumann-morgenstern utility
Government policy has typically been driven by political ideology. Radical writers argue that the MNE is an instrument of imperialist domination, but the free market view argues that international production should be distributed among countries acco..
Opponents of the minimum wage point out that the minimum wage:
One of the central questions that society must answer regarding medical care is: Should funding be increased? Should funding be tied to medical results? Should funding be reallocated away from end-of-life care and applied toward prevention and medica..
Suppose that households in the U.S. increased their desired holdings of currency by $55 million as the Fed was adding reserves to the banking system. How would your answer to question (2) be affected, assuming that the Fed still wished to generate an..
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