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As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following
What two policies could you use to reduce the total amount of emissions?
Why do you think they each would work?
What would the benefits of each action be (besides emissions reduction)?
What would the costs of each action be?
How would you decide what was the best level of emission reduction?
Compare the graphs you've created for Learning Activity 3 and 4 in the Learning Activities. 1.Examine the graph you've created for Learning Activity 3 and determine the opportunity cost of producing 25 more units of ag goods. whether you're increas..
Illustrate the difference among the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution.
The 2009 World Development Report provides the following information for Colombia and Thailand. Explain carefully what each of the entries in the four columns of this table measures. Do these measures capture important dimensions of poverty?
For months, beleaguered American customers have defied expert forecasts that they would soon succumb to pressures of falling home prices, fewer jobs and shrinking paychecks.
Assume you decide to open a copy store. You rent store space, and you take out a loan at a local bank and use the money to buy 10 copiers.
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
Assume that you are the chief economic advisor to the president of the U.S..
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
If the velocity of circulation is growing at one percent a year, the real interest rate is two percent a year, the nominal interest rate is seven percent a year, and the growth rate of real GDP is three percent a year, calculate the inflation rate..
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks. Assume that the relationship between the output ratio and the unemployment rate, U is given by the equation U = 6.0 - 0.5 (output ..
Compute the expected utility of each project and identify the preferred project according to this criterion.
Define the Economics terms, national accounting identity, Hodrick Prescott filter and what it does, Cobb Douglas production function
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