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Explain the concept of maximum sustainable yield for a fishery. Is maximum sustainable yield required to preserve biodiversity? Is it the most efficient rate of harvest for a renewable natural resource?
Assume the Following IS-LM Model E Expenditure sector Sp = C + I + G + NX C = 110 + (2/3)YD Calculate the equilibrium values of private domestic investment (I), tax revenues (TA), and real money demand (md). How much of private domestic investment (I..
Now, assume that the operating cash flows in Years 1-5 could be as low as $20,000 or as high as $40,000. Furthermore, the salvage value cash flow at the end of Year 5 could be as low as $0 or as high as $30,000. What are the worst case and best ca..
Suppose that a state provides subsidies for a company to build plants that contribute to air pollution. Cleaning up this pollution causes the marginal cost of air cleanliness to rise by $210,000 at each degree of air cleanliness. What is the optim..
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(Case Study: When Monetary Systems Break Down) In countries where the monetary system has broken down, what are some alternatives to which people have resorted to carry out exchange?
An office receives 20 faxed orders every two hours. What is the probability that it will receive 8 orders in the next hour What is the probability that an order will be faxed within the next 9 minutes What is the probability that more ..
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate
How might a critic respond to the claim that taxes always make the allocation of resources less efficient?
a. Calculate the marginal revenue product at each level of labor input if output sells for $4 per unit. b. If the wage rate is $15 per hour, how much labor will be hired c. What is the firm's total revenue and total amount paid for labor at the level..
All the numbers after the x's are subscript. Y=13.20 + 2.10x1 +1.24x2 +0.62x3 where Y= monthly sales revenue (in $1,000's) x1= monthly advertising expenditure (in $100s) x2= (x1)^2 x3= a time trend x3=1 in month 1, x3=2 in month 2 etc.
Given your answer to part (a), why is there unemployment in the economy? (What would happen to real wages if the unemployment rate were equal to zero?)
What is the variable cost - Please calculate the average cost function for skateboards.
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