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a) Graphically, show the time path of prices, MC, and resource consumption for oil depletion assuming a renewable substitute exists and MEC increases as extraction increases. How has the advent of fracking changed this model, if at all? Explain.
b) Germanium, used extensively in fiber optics, infrared optics, electronics, and solar power applications, is regarded by many observers to be a strategic critical mineral. Explain why or why not it makes sense for the U.S. to be self-sufficient when it comes to Germanium.
c) Why is the price OPEC charges less than if OPEC was a “true monopoly?”
Median length of stay was 1.1 days shorter when a hospitalist cared for a Medicare patient. Median cost per case was $853 less (excluding physician fees). There were no significant differences in mortality, 30-day readmissions, or transfers. Hospital..
Does the following project have a positive or negative rate of return? Show how this is known to be true.
How does Toyota’s approach to social responsibility relate to the three concepts of social responsibility described in the text (profit responsibility, stakeholder responsibility, and social responsibility?
The process organizational socialization has strengthened workers also makes them more united.
You want to set up a college saving plan for your sister. She is currently 10 years and will go to college at age 18. You assume that when she starts college, she will need at least $100,000 in the bank. How much do you need to save each year in orde..
Write a two- to three-page paper (600 words minimum) examining perfect competition in the value-menu fast-food restaurant business. Address the following questions in your paper: What are the characteristics of perfect competition? Why does this type..
A firm has two factories, one twice as large as the second. As the number of workers at each factory increases. Illustrate which factory will experience diminishing returns first.
Consider a labor market with a monopolistic firm that has a labor demand curve of MRPL=16-.5L, where L is thousands of hours of work. Suppose that workers at the firm are organized into a union that has a union objective function of U=WL, where W is ..
Clearly explain the implication of the crowding-out effect on the link between government deficits, interest rates and inflation?
Why should a profit maximizing manager who is setting prices care about elasticity demand curve for a product. Elasticity only accounts for how price changes revenue.
Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Barb buys a unit from Courtney? If Bob buys a unit from Chad? If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactio..
Why the focus in interest rates and unemployment and why can they keep the interest rates low? How do bond purchases tie in with the interest rates?
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