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1. Identify a strength and a weakness of each of the following fuels:
(a) Coal
(b) Hydrogen
(c) Natural Gas
(d) Solar Fuel
2. If all of the energy from the sun were captured by solar cells with efficiency levels in the middle of the range of solar cell efficiency, how much energy could be converted to useful work each year?
In order to meet TMDL limits in a cost-effective manner, what is the appropriate role of the equimarginal principle? What about the economic efficiency principle?
For which method is the standard deviation the largest? Why should one expect this method to have the largest standard deviation?
What is the Consumer Price Index (CPI) and how is it determined each month? How does the Bureau of Labor Statistics calculate the rate of inflation from one year to the next? What effect does inflation have on the purchasing power of a dollar? How..
A small manufacturing company has an estimated annual taxable income of $95,000. Due to an increase in business, the company is considering purchasing a new machine that will generate additional before-tax annual revenue of $50,000 over the next 5..
Five separate projects have calculated rates of return of 7, 11, 15, 18, and 20 percent per year. An engineer wants to know which projects to accept on the basis of the rate of return. She learns from the finance department
Describe and derive an expression for the marginal cost (MC) curve.
Was the decline of socialism in Eastern Europe the result of purely economic factors? What role was played by politics and culture?
The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 13 people reveals the mean yearly consumption to be 58 gallons with a standard deviation of 18 gallons. (a-1) What is the value of the population mean
A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. The following table shows the company's anticipated demand over the lifetime of the bridge.If the company were to build t..
The following table reports the Consumer Price Index for the Los Angeles area on a monthly basis from January 1998 to Decemeber 2000 (Base year = 1982-1984). Eliminating the data for 2000, use Excel to forecast the index for all of 2000
To finance the investment, your organization or business would have to take out a loan. Suppose the interest rate on the loan is 12%, the dollar amount of the investment is $100,000 and the projected annual return from the project is 14%,
Suppose the market demand function for ice cream is and the market supply function for ice cream is , both measured in millions of gallons of ice cream per year. Suppose the government imposes a $0.50 tax on each gallon of ice cream.
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