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A large and fast growing suburb of Rochester is considering expanding the size of its community park system by purchasing over 500 acres of undeveloped land located near a current park site. Some people have argued against this purchase because it would both use tax revenues to make the purchase and, once purchased, remove the land from the tax rolls thereby eliminating any future tax revenues derived from houses that might be built on the land. Others in the community argue that the expanded park would produce a variety of benefits for the community including enhanced house values that would off-set any lost tax revenues. Assume you have been hired as a natural resource economist to measure the benefits and costs associated with purchasing this land. Your first task is to explain to the leaders of the municipality the different types and categories of values you will consider when measuring the benefits associated with the expanded park. (Describe these values). Your second task is to describe four different approaches to the valuation of changes in the park. (Describe four different approaches to natural resource valuation and the insights each provides on the potential value of expanding the park.) Your third task is to explain alternatives to strictly considering eco-system/natural resource valuation as the basis of making this kind of decision.
q1. what do you mean by an institution? explain how do institutions influence economic life? also explain how does
If a competitive firm hires another full-time worker, total output increases from 100 units to 110 units per week. Suppose the market price of output is $25 per unit. Illustrate what is the maximum weekly wage at which the firm would hire that add..
Suppose you consume nothing but goods X and Y. We have two years.
The process organizational socialization has strengthened workers also makes them more united.
Miller and Coors who together produce 85% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands.
What additional programs did the Fed create and implement to facilitate its role as leader of last resort? What was the primary purpose of these new programs?
How much is she actually paying the credit card company, including interest, when her credit card is paid off?
Calculate equilibrium level of income in goods market if i=10 also calculate equilibrium level of income in money market if i=10.
How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal?
In the US economy we have two sectors, private and public sectors. In recession time, how can public sector help the private sector? Provide an example in the recent years. In non recession time, how can private sector help the public sector?
Amalgamate the information you have gathered and tell the economic consulting firm which actions you think OPEC will take over the next year based on your answers.
q. imports of peanuts into the united states are subject to a quota set at about 1.7 million pounds per year.a.
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