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We can assume the United States is making progress in becoming more green so to speak. However, countries like India and China are still developing their economies. Environmental pollution is a big problem for developing economies. Should countries like the United States help out? What could we do to encourage developing countries to modernize along an eco friendly growth path?
a. Explain the relationship between the law of diminishing marginal returns and the shape of a firm's marginal cost curve b. The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero.
Why does the assumption of independence of risks matter in the example of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively corre..
Industry supply and demand are given by QD = 1000 - 2P and QS = 3P. Determine the equilibrium price and quantity?
in a closed economy....c 500 0.75y-t 2i 375 - 25r 3t 500 4g 500 5msmd 6ms 1000 7mdp lry 0.5y - 50rcalculate the
Suppose there are two technologies for producing steel. Under technology A, a firm's short-run total cost function is STCa(q)=1/2q^2+100q+10 with SMCa(q)=q+100, and using technology B it is STCb(q)=2q^2+6 with SMCb(q)= 4..
Professional football teams sometimes charter airplanes to take them to their away games. Would you feel safer on a United Air Lines plane that had been chartered by the Washington Redskins than on a regularly scheduled United Air Lines flight
Find the quantity, price and profits in equilibrium. Calculate the consumer surplus. Are consumers better off or worse off in this situation than in (a)?
Given this is a monopoly with an expiring patent in 30 days, what price and quantity will result once the competition emerges in this market.
a corporation produces output with a market price of 200 per unit. the marginal product of capital is 12k where k is
in which type of handling system is labor cost generally the highest percentage?a mechanizedb semiautomatedc automatedd
Ellen wants to start a business. She is leaning toward setting up her company as a sole proprietorship, but she is also looking at other possibilities. Ellen has two major goals. First, given her limited personal wealth and eagerness to get starte..
1. according to some translations nobel laureate albert einstein once said god does not play dice with the universe.
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