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The cost of pollution (in billions of dollars) originating in the paper industry isCp = 2P + P^2where P is the quantity of pollutants emitted (in thousands of tons). The cost of pollution control (in billions of dollars) for this industry isCc = 5 - 3P
A) What is the optimal level of pollution?
B) At this level of pollution, what is the marginal cost of pollution?
C) At this level of pollution, what is the marginal cost of pollution control?
The university is seeking a grants to cover capital cost. How big of a grant would make this project worthwhile (to the university)?
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
Illustrate what might you call an outward shift of a nation's production possibilities frontier.
Canada increased from 7,500 kg per month to 8,000 kg per month. Use calculated elasticity to comment on substitutability or complementarity of coffee and tea
Discuss the four (4) components of a legally astute social media marketing manager who utilizes social media outlets for consumer transactions.
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted?
Illustrate what are the explicit, implicit, and total economic costs of the firm. How much economic profit does the firm earn.
If the owners could have earned a 20% annual rate of return on the invested money, explain how would the economic profit change (all else equal). How would the accounting profit change.
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
Which leads to higher interest rates, which leads to higher output? Which leads to higher inflation? Which represents a more hawkish Fed? Which represents a more dovish Fed?
Using the Lagrangean Multiplier method, determine how should the hardwood be allocated between the two lines of product so that total profit can be maximized. Also calculate the optimal amounts of Y and Z and total profit from each product line.
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