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Find a market price for hydrogen gas and normalize the energy content compared to the current local price of gasoline. Using octane as an approximation for gasoline energy content, compare the cost per kilojoule of energy of hydrogen to gasoline. What cost per gallon of gasoline do you think must be reached before the hydrogen fuel source is economically competitive?
One cornerstone of President George W. Bush's economic policy during his first term in office was tax cuts targeted towards high income and high net worth households. Under his proposals the marginal tax rate applied to capital gains taxes has bee..
a firm in a market characterized by many buyers and one seller. MC represents the initial marginal cost, MR the initial marginal revenue, and D the initial demand curve of the firm in equilibrium.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
Serena consumes popsicles (X) and ice cream cones (Y). Her utility function given by U (x,y) = 3xy. The price of a popsicle is $2, and the price of an ice cream cone is $3. Serena has $40 dollars to spend. A.) Set up the Lagrangian for the consum..
Apart from the abundance of these resources, you also see a lot of poverty. Can you provide an economic explanation of why poverty exists
Write a paper on UNEMPLOYMENT. The paper should be professionally prepared with all graphs computer-generated using relevant data, with the axes labeled.
Use the following general linear supply function to answer the question, Where Qs is the quantity supplied of the good, P is the value of good, PI is the value of an input, and F is the number of companies manufacturing the good.
Pk(price of one unit of capital)=1 tax rate=.15 Write the tax-adjusted user cost of capital as a function of the real interest rate(r). Also write the desired future capital stock and desired investment as functions of (r).
During a recent conversation I had with a friend in Chattanooga, he said that a new Walmart was being constructed there. "The last thing we need is another Walmart," he told me. What is the proper (economic) response that one would give to that st..
What is the four-firm concentration ratio in this industry Show all calculations and explain what a concentration ratio.b) What is the Herfindahl index for this industry Show all calculations and explain what a Herfindahl index .c) Suppose..
Elucidate what would have been the economic effects of this. Describe the pros and cons.
Glassworks and Clearsmooth compete in the local market for windshield repairs. The market size (total available profits) is $10 million per year. Each firm can choose whether to advertise on local television.
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