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President Obama has not yet decided whether he will approve a new pipeline (the Keystone XL) that would carry newly produced oil from Canada into key distribution sites in the United States.
(A) From an economic standpoint, what are the likely costs and benefits associated with the President's decision insofar as the actual construction of the pipeline inside the United States is concerned? (Ignore its subsequent use.)
(B) Let's move to the future. Suppose the pipeline now is in operation. Now, who bears the expected economic costs and benefits of the operation of this pipeline? I.e., who benefits and who pays what costs?
let us consider a hypothetical economy that is described by the equations shown belowc 300 0.75 yd - 300 rt 100
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A rope of negligible mass is stretched horizontally between two supports that are 3.44 m apart. When an object of weight 3160 N is hung at the center of the rope, the rope is observed to sag by 35.0 cm. What is the tension in the rope?
A city called "Ludwig" is monocentric. The rate at which the price of apartments falls there as a function of the distance of the apartments from the central business district, isn't linear.
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Briefly explain whether you agree with the following statement: "If at the current quantity marginal benefit is greater than marginal cost, there will be a deadweight loss in the market.
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