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Ethanol or ethyl alcohol is a motor fuel produced from sugarcane, corn or other sugar based feed stocks. In the United States, where ethanol production uses corn as feedstock, the Energy Policy Act requires that a minimum quantity of renewable fuels like ethanol be blended into gasoline. Commentators call this requirement the “corn ethanol mandate”. Currently, there is an increasing political pressure to end the ethanol requirements reflected in four bipartisan proposals that call for an end of the “corn ethanol mandate”. Briefly discuss how the end of the mandate would affect consumer surplus and producer surplus in the market for ethanol, in the market for corn, and in the market for morning cereals.
At the 2013 Winnebago County Fair a vendor is offering a "fair special" on sandals. If you buy one pair of sandals at the regular price of $50, you get a second pair at a 40% discount, and a third pair at half the regular price. Javier took advantage..
Consider a group of 10 friends who are considering going on a road trip. In determining whether or not to go, each friend considers both how much they would enjoy the trip and how much it will cost them. The cost of the trip will be $500 total, and w..
In the long run, all thing equal, a decrease in the government deficit is likely to
You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago. Despite strong sales ($200 million last year) and a low marginal cost of producing the product ($0.45 per pill), your company has yet to show ..
Consider an individual who faces a gamble over two outcomes, In the first outcome he maintains the wealth of w1, and in the second outcome he faces a loss of wealth and is left with a final amount of w2.
illustrate what is which industry's marginal revenue as it increases o/p from 1300 units to 2200 units.
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
A university has a fixed number of parking spaces for students on campus. They are currently sold at a price that clears the market. Suppose there is a proposal that the price should be lowered and a lottery held to determine who may park on campus. ..
Explain how foreign exchange rates are determined. How do changes in interest rates, inflation, productivity, and income affect exchange rates
q.as a manager of the ponchartrain yard art corporation that youve negotiated with several vendors and are ready to
Explain the importance of variation to health-care organizations and answer the following questions. What might be the key processes for health-care organizations? What are the potential common causes of variation that would have an impact on the key..
Consumption in year three is $200, investment in year three is $100, government spending in year three is $150, exports in year three are $100, imports in year three are $150. Prices for everything in year one are $20, in year two prices for everythi..
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