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In 2011, the Deepwater Horizon oil spill in the Gulf of Mexico causd heavy damage to the fishing and tourism industries of Louisiana and other coastal states. In addition, there were long-term ecological impacts on fish and wildlife. Describe how this might be accounted for in the 2011 national accounts of the United States, if they were environmentally adjusted: A: In terms of depreciation assets B. In terms of flows of produced goods and services (Describe in detail how two approaches to assigning dollar values might be applied)
Suppose you are a manager of a watch making firm operating in a competitive market. Your cose of production is given by C = 100 + Q2, where Q is the level of output and C is the total cost. The marginal cost is 2Q. The marginal cost of production is ..
Crew Brew of Wisconsin plans to build a microbrewery on a small stream in that state. After sampling water from the stream, Chris Pierson has found that it is contaminated with pulp and paper waste from a local paper mill.
The country of G is a small, open economy. Suddenly, a change in world fashions makes the exports of G popular. Explain what happens to public and private savings, investment, net exports, the interest rate, and the exchange rate.
Ed and his wife Kathie own all of the stock of Crispin, Inc. Kathie is the president and Ed is the vice president. Kathie and Ed are paid salaries of $500,000 and $350,000, respectively, each year. What are Ed and Kathie trying to achieve by hiring t..
q. a county is considering using a piece of park land for one of two alternative recreation projects. project s would
Illustrate what are the optimal prices for each product if you sell these products separately. What are your firm's profits. Explain.
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
Select the best description of zero-day vulnerabilities. Support your choice by describing why your choice is the best description.
Total industry sales are $105 million. Top four firms account for sales of $10 million, 9 million, 8 million and $5 million, respectively. What are four firm concentration ratios.
Indicate whether each of the following statements is true or false and then explain why you think this. Include in your explanation any pertinent institutional details and economic reasoning (including appropriate graphs and equations). According to ..
When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
Calculate the firm's inverse demand function. Calculate the firm's marginal and average cost function. Find all values of Q that satisfy the first order condition for the firm's problem. Calculate the firm's profit maximizazing price and quantity.
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