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In the Tragedy of the Commons, Hardin argues that the absence of property rights leads to the over-exploitation of natural resources. Explain how might the ever-decreasing cost of launching objects into Earth orbit lead to a Commons problem?
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be be $60,000, and if it sold 1000 units perday, it would have a total cost of $5..
Which is true for a purely competitive firm in short run equilibrium?
A motor capable of delivering 200 hp to steel rolling mill drive is being evaluated in a present economy study. The selected motor will only be utilized for one year, and it will have no market value at the end of the year. purchase cost, maintenance..
q.assume that in a certain region there is a single firm producing chocolates nestlex. in this region there is a
The base pay for army recruits is $16,000 per year. The army has been recruiting 100,000 new soldiers each year. But this is found to be inadequate given the need for troops in abroad. what would have to be the increase in base pay to attract the des..
What benefit do economic models provide to decision makers seeking to manipulate economic conditions? In your posts, specifically address the models GDP, GDI, and their major components.
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. Write out the best response function of firm 1 for any price th..
Pollution control equipment for a pulverized coal cyclone furnace is expected to cost $190,000 two years from now and another $120,000 four years from now. If Monongahela Power wants to set aside enough money now to cover these costs, how much must b..
What performance percentage would you use to trigger executive bonuses for that year.
Consider the recipient's perspective in the global impact of development versus relief aid. Suppose a fixed amount of aid b is given to each worker in a developing country and that donors commit to continue these aid flows indefinitely.
q.jo thomkins ought to make a decision whether or not to proceed with a particular investment project. if the project
Normative economics—Republicans versus Democrats 1) Visit both the Republicans' (www.gop.com) and the Democrats' (www.democrats.org) Web sites. 2) Identify an economic issue that both parties address and compare and contrast their views on that issue..
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