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Using the following data establish the contribution to global warming for each of the following greenhouse gas. Assume a predicted equilibrium temperature change of 2?C for a doubling of the partial pressure of each gas.
(a) Calculate the total temperature increase in the year 3000 due to the combined emissions of all five gases, if the rate of accumulation is unchecked.
(b) If the rate of accumulation of CFC-11 and CFC-12 are reduced to
There are only two firms in the widget industry. The total demand for widgets is Q = 30 - 2P. The two firms have identical cost functions, TC = 3 + 10Q. The two firms act as though they were a monopoly. At what price and quantity will this cartel ..
If both bid the same amount, the $100 is split evenly between them. Assume that each of them has only two $1 bills on hand, leaving three possible bids: $0, $1, or $2. Write out the payoff matrix for his game, and then find its Nash equilibrium.
You got a loan for $1,000,000. It is a 30 year loan, but you are going to pay it off in 15 years. The APR is 8% and you make annual payments off $88,827,43. The Salvage value at year 15 is $300,000. What is the payoff amount
Discuss informally how the analysis and the results would be modified if new products were produced using a combination of labor and capital.
We defined the Lerner Index LI = 1/-e where e is the elasticity of demand. We also showed that LI can be alternatively expressed as (P-MC)/P . Use these relationships to show that LI can never exceed 1. What does this imply is the minimum elasticity ..
The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always wants to select a different technology from its rival. Describe the equilibrium of this game.
a. Warner is selling in a perfectly competitive market at a price of $40. What is the profit maximizing or loss-minimizing output b. Calculate the firm's profit or loss. Show computation. c. Should the firm continue to produce in the short run
Why is it important to control the aggregate gradation once the concrete mix design has been selected? How is this gradation control expressed in a specification?
If Max receives an unemployment check, would we include that transfer payment from the government in this year's GDP? Why or why not?
Solve Tracy's problem of how often to go to the ATM when the nominal interest rate on her bank account is 10 percent, she spends $30 each day, it costs her $.50 each time she uses the ATM, and she thinks that there is a 15 percent chance.
Willingness to Pay for Used Baseball Pitchers. Suppose a healthy baseball pitcher is worth $5 million per year to his team, compared to only $1 million per year for an unhealthy pitcher.
This year Harry's again produced 10,000 large pepperoni pizzas (identical to last year's pizzas), but sold them for $12 each. Based on this information we can conclude that Harry's production of large pepperoni pizzas this year.
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