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Q. 1. Assume that you are to estimate the costs of either:
A project proposal to construct a dam in your local area for hydroelectric power generation.
A policy to regulate emissions from Sport Utility Vehicles.
A policy to ban offshore drilling in the Gulf of Mexico.
There are several environmental implications involved. Identify as many of the costs of these proposed policies or projects as you can. Classify the costs as either explicit or implicit costs.What cost estimation technique would you use to estimate the costs identified? Which costs would be difficult to estimate?
2. Select a local, regional or national environmental problem. Explain the steps that would be used to conduct a Benefit-Cost Analysis of a government policy to alleviate the problem. How would you go about identifying the potential costs of the policy initiative, the Economic Costs (explicit and implicit), the social costs, which estimation method would work best for estimating explicit costs? How do you deal with time differences that result for costs and benefits? What types of time-oriented modifications are necessary? Comment on the objectivity of benefit-cost analysis? What are some issues involved in using this method of analysis? What are its limitations?
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
A university registrar who uses her experience with university admissions along with your high school grades, application essays, letters of recommendation.
Assuming sum-of-years digits depreciation, what book value will Model-I have after two years.
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