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The government is contemplating to implement actions to prevent climate change.
If no action is taken then climate change will happen with a probability of 20%. There is a probability of 100-20 that there will be no climate change. We will not be able to tell if there is climate change until 86 years from today.
In 86 years, we will know if there is climate change but it would be too late to do anything about it if climate change takes place. If there is climate change then the world will suffer a loss of $5 billion a year forever starting in year 86 +1.
Scientist say that we can preven climate change for sure by reducing emissions of CO2 in year 1. The cost of reducing emissions is $131 million.
Assuming the interest rate is 14.1%, what is the expected value of preventing climate change?
Workers make the supply decisions in labor markets, but firms (represented by hiring managers) make the demand decisions. Will firms want to hire more workers or fewer workers when the wage rate rises? What are some techniques employers can use to ..
Let's assume you want to open one of the following new businesses. What form of business ownership would you choose for each business? Why?
Suppose that Agostino's hourly wage is $30 per hour, his rental property yields $120 per day, and he has 16 hours in a day to allocate between leisure and work. Draw his daily budget constraint. How much can Agostino consume if he enjoys 16 hours of ..
What factors give rise to increasing returns to scale and decreasing returns to scale? Define and then derive the expression for the marginal rate of technical substitution.
What value of y survives as a solution if all firms are competing for high ability workers.
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Draw the budget constraint for the individual with the composite good on the y-axis and food on the x-a..
If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year.
Briefly discuss China’s journey on its economic achievement from pre-independent until today.
Compute the price elasticity of Demand for paint also Elucidate how your calculations. Decide whether the Demand for paint is elastic, unitary elastic or inelastic.
q.in the cagan model if the money supply is expected to grow at some constant rate m sothat emt s mt sm then equation
What order quantity would you advise and how much can they save using your recommendation instead of their one order per year strategy.
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