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Question: Researchers at Penn State have developed the means to produce high quality liquid fuels from coal, and are working on scaling up the process to produce commercial quantities at costs that are competitive with oil-derived fuels. At the same time, coal mining technology continues to improve and lower extraction costs. Assume the above initiatives and trends continue, and that there are no other major factors in the coal market, and ignore potential interactions with other markets, etc.:
a) What are your expectations for the quantity of coal produced going forward? Explain.
b) What about your expectations for the price of coal? Can you say if it will go up or down? Explain.
c) Now, consider the crude oil market. If coal-derived liquid fuels displace crude oil in some end-uses, what would you expect to happen to the price of crude oil, all other things being equal? Explain.
consider a bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of 260. the
Describe the social variables and determinants that are impacted by economic inequality. Does any of this data surprise you? Do you agree with Wilkinson?
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What are some of the factors that determine the supply of labor in a market? What significant factors have changed the supply of labor over the last twenty years?
nbspthe time has come for you to go to college and move from your parents home. you are moving approximately 300 boxes
Pick two methods discussed in class for measuring the causal impact of a program. Describe each method, and discuss under what circumstances it would provide.
Identify two non-price variables such as customer income or demographics, advertising, prices charged for related goods or services, or interest rates that affect the demand for the products or services you identified in your selection.
Discuss the tradeoffs a policymaker faces in choosing between larger fines, longer prison sentences, and greater monitoring in deterring crime. Give at least two reasons discussed in class why deterring crime through longer prison sentences may no..
a. sketch the aggregate demand short-run aggregate supply and long-run aggregate supply of an economy in long-run
What is the equilibrium wage?
A manufacturing company spends $400,000 for the purchase and installation of a fully automated production facility for a subsystem of its main product.
Research on how supervisors rate employees who work under them has found that in some firms as many as 95 percent of all ratings are "good" or "outstanding."
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