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Environmental pollution is, for the most part, reversible, in the sense that it can be decreased if the appropriate steps are taken. What are the pros and cons, therefore, of using sustainability as a criterion for evaluating environmental policies?
What is the optimal quantity of public good for the two jurisdictions?
Competitive Firm Suppose the competitive market price is $84, and a competitive firm's total costs = 4q2 - 4q + 100 and marginal cost = 8q - 4. a. Solve for the profit-maximizing (or loss minimizing) quantity (q*).
Find the smallest and largest values of children in the sample. What is the average of children? Does any woman have exactly the average number of children?
A random sample of 40 companies with assets over $10 million was selected and asked for their annual computer technology expense and industry. The ANOVA comparing the average computer technology expense among three industries rejected the null hyp..
A companies total cost are given TC = 1000 + 2q + 5q2 Write the expressions for: a. Total fixed costif marginal cost for business is MC = 2 + 10q, what is thequantity that minimizes average total cost
A machining operation produces bearings with diameters that are normally distributed with mean 3.0005 inches and standard deviation .0010 inch. Specifications require the bearing diameters to lie in the interval 3.000}.0020 inches. Those outside ..
On a tropical island there are 100 potential boat builders, numbered 1 through 100. Each can build up to20 boats a year, but anyone who goes into the boatbuilding business has to pay a fixed cost of $19. Marginal costs differ from person to person..
The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was 4.2%. Per capita real GDP was $28,900 in France in 2003, and $12,700 in Korea. Assume the growth rates for each countr..
Why would your enthusiasm for rent control wane over time?
An owner can lease her building for $100,000 per year for three years. The explicit cost of maintaining the building is $35,000, and the implicit cost is $50,000. All revenues are received, and costs are borne, at the end of each year. If the inte..
What will be the outcome if there is no liability (Roy does not pay for any damages caused)?
Plot the steady-state level of consumption per unit of labor as a function of s. Show that it is maximized when 1 k = 0:15.
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