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The Occupational Safety and Health Administration (OSHA) has determined that the probability of a worker dying from exposure to a hazardous chemical used in the production of fertilizer is 0.008. The cost of imposing a regulation that would ban the chemical is $32 million. If the value of a human life is equal to $10 million, how many people must the policy affect in order for the benefits to exceed the costs?
q1. assume that mr. browns mpsmpc. if he makes an extra 1000 this year and this increase in his income does not change
At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. In what way is fiscal easing in Japan relevant h..
Assume that all other banks hold only the required amount of reserves.
Suppose now that the country imposing the export tax in part (a) of this question is a “large” country rather than a “small” country. Is it an advantage or a disadvantage for a country to be “large” rather than “small” when it imposes an export tax? ..
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
Explain why some countries use country export restrains (VER) instead of imports quota? List and explain at least there reason as to why countries decide to form regional trade agreements. Why we need to make distinction between large and small count..
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
Pure or economic profit is:
what price and quantity of computers should you produce to maximize your firm's profits. What long run adjustments should you anticipate.
q1. in the exhibit below explain how does the real wage rate at point c compare with the real wage at point a? explain
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is
Explain and illustrate graphically the effect of the following on the monetary base and the level of reserves. Central bank purchases $30 million of government securities for Chase Bank. The Fed purchases from the public $3 million of government bond..
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