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1) Define the sustainability criterion as used by Tietenberg. What does this criterion say about fairness to future generations? What does this criterion say about efficiency? How can depletable resources be used today and still satisfy the criterion?
2) Is water a renewable or depletable resource? Explain how water is allocated in the western US and how this may result in an inefficient allocation. What better methods of allocation might work toward efficiency?
calculations Definition and explanation of the indices Discussion about what the specific indices mean in relationship to the overall article and how they impact each other Appropriate evaluation, decisions and forecasts that could be made from th..
classify each of the following as employed unemployed or not in the labor force.a. beth is not working she applied
A monopolist that practices perfect price discrimination will choose an output level where marginal revenue is equal to marginal cost to maximise profit.
suppose honey is produced in a beehive using bees and sugar. each honey producer uses one beehive which she rents for
Firm XYZ measured its MP of labor curve to be the following: MP = 4000 - 2L where L is the number of hours of labor hired per day. XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labo..
explain how smoking can simultaneously generate positive and negative externalities. is there too much or too little
the demand and supply functions for the world truffle market are given byqd 48 000 - 40pqs -3000 10pwhere p is the
Suppose desired investment for the economy represented in the table above is $200 billion. Plot the consumption and investment function. What value is the equilibrium level of income What is the marginal propensity to consume
Following are observations on the market price and the quantity of good X produced and consumed in three different years: $10 and 100 units, $4 and 57 units, and $8 and 88 units. Can we conclude that the market demand for X slopes upward
Assuming the industry is perfectly competitive, calculate the domestic equilibrium price and output combination and Is the outcome in part B desirable from society's viewpoint
1. the absolute value of the short-run elasticity of demand for bread has been estimated to be 0.15. its long-run
Suppose that Marie’s marginal utility from consuming one more unit of bubble gum is 10 utils while her total utility from consuming one more unit of cake increases from 130 utils to 142 utils.
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