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Explain whether you agree or disagree with each of the following statements. In each case, indicate whether your position is based (implicitly or explicitly) on benefit-cost analysis or on some other criterion.
a. The Consumer Product Safety Commission should uphold strict safety standards for all children's toys.
b. OSHA should relax many of its workplace safety regulations, for instance, by relying on workers to take precautions rather than requiring expensive safety devices on machines and tools.
c. All public buildings owned by those receiving federal funds must be modified where necessary to ensure access for disabled individuals.
d. The Department of Agriculture should curtail the use of pesticides by farmers.
e. Given its large projected deficit, the federal government should postpone capital spending to repair 80-year-old bridges.
Assume a firm has the production function Q = 2.5K 0.4 L0.5. If this firm employs 15 units of labor and 20 units of capital and the price of the good in the market is $100 per unit, find the following- Marginal product of labor and capital.
alex fiani corporation produces egg cartons that are sold to egg distributors. alex fiani corporation has estimated
Calculate the amount the firm would need to set aside at the end of each year for the next ten years to cover the expected liability.
Find an expression for the marginal product of labor, MP L , when the amount of capital is fixed at 16 units, and then illustrate that mardinal producer of labor depends on the amount of of labor hired by calculating the marginal porducto of labor..
Possibly, the most serious flaw in the Medicare system is the fact that
the bioecological model of human development. the bioecological model of human development has four basic systems.
Do you favour anti-gouging laws as a means of protecting consumers from high prices following natural disasters, such as Hurricane Katrina in New Orleans? If so, why? If not, why not?
What role do central banks pla in the international economy
If the price of a mouse pad is $7.00, describe the situation in the market. Explain how market equilibrium is restored. What is the market equilibrium if a fall in the price of a computer changes the quantity demanded of mouse pads by 20 a week at e..
Assuming that the LAS Curve remains stationary and does not shift, if an economy is at its potential output, an expansionary macro policy will cause real output to:
the e-activity presents two contrasting points of view. the employees who have been laid off and weyco incorporated
Suppose the demand function for some good X is given by QDx = 1000 - 5Px + 3Py + 12M, where QDx is the quantity of x demanded, Px is its price, Py is the price of good Y, and M is average consumer income. This good is normal and goods X and Y are sub..
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