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1. Currently, there is considerable debate about the environmental impacts of burning coal. The Environmental Protection Agency has established higher standards for clean burning fuel. In most of the Midwest, the majority of electricity is generated from coal burning power plants. Based upon the material in Chapter 6, what do you think will be the probable impacts of the more stringent environmental regulations?
2. Make observations regarding who might be affected.
explain both the minimum and the maximum cardinality
Federal Law allows workers who leave a job to continue to participate in the health insurance they were receiving through their previous employer. However, they have to pay the full monthly premium (including both the employee and employer portions),..
If a producer has purchased inputs to production so that the "bang for the bucks" (marginal product per price) of input A is greater than the "bang for the bucks" of input B,
Ilustrate what is the equilibrium cost in the corn chip market. How many corn chips will be bought by children and how many by adults.
Currently oil prices are below their normal levels, but once the U.S. economy and the other economies around the world reach their steady state growth rates, oil prices will rise sharply. What happens to the inflation rate if the Fed tries to accommo..
The corresponding cash flow diagram for the first two 6-year cycles is shown below. Fill in the missing amplitudes of all cash flows. Then compute the equivalent annual cost (in each cycle) of the maintenance and resurfacing costs (ignore the ini..
The market supply curve for a perfectly competitive, constant cost industry is
If an economy is in short-run equilibrium that is below potential, what forces will bring the economy to long-run equilibrium?
Name a specific event to be expected to cause the equilibrium price of ice cream to increase.
What is the rationale for government to regulate the activities to businesses? How is our economic and social existence shaped by government regulations?
Identify a company in your local or generalized area that you would classify as a monopoly. Explain the key reasons why you classified the company as a monopoly, and state how the company operates relative to at least two (2) characteristics of that ..
Michael Tanner and Stephan Moore of the Cato Institute recently calculated the hourly wage equivalent of welfare for a single mother with two children for each of the 50 US States. There estimates ranged from $17.50 an hour in Hawaii to $5.33 in Miss..
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