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1. Considering externalities with the example about the Keystone XL pipeline. a. Fully describe the situation involving the Keystone XL pipeline as a market decision with externalities attached, or potential externalities attached. Use a supply and demand graph to illustrate your points. b. In the context of your externality example, if the pipeline is built, who are the "losers" i.e. those impacted negatively by the externality? Who are the winners? Be careful because not all of the winners and losers are companies or corporations. c. Is there a reasonable way for the "winners" of the pipeline to compensate the "losers".
an upward shift of the depreciation line, an upward shift of the investment function, an upward shift of the per-worker production function.
Increasing jet fuel values recently led most major United States airlines to raise fares by approximately 15%. Describe how this substantial increase in airfares would affect the following;
A solar-water heating system uses solar panels on the roof of a large build, 40.0 m above the storage tank. The pressure at the panels is 1 atmosphere. What is the absolute pressure at the top of the tank?
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases the price ..
Determine Acme's total profit function. Assuming that Acme is effectively able to charge different prices in the two markets, what are the profit-maximizing price and output levels for the product in the two markets? What is Acme's total profit und..
How much will firm 1 earn if it convinces the mayor to decrease the medallion fee by $40,000 (F = – $40) so that the medallion fee is entirely eliminated?
Plot these curves on graphs. Compare the cost curves and discuss their characteristics.
In the old days lighthouses were built along the coast to prevent ships from runnung around on the rocks in unfamiliar ports. By shining a beam of light over a port and guiding ships away from the rocks, these vital buildings reduced the risk for ..
In the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is that it frees macroeconomic policy from taking care of the exchange rate.
What economic problem is the nation facing and what would be the goals of your Fiscal Policy
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrasting the economic fluctuation the United States has experiences from 1990 to current date.
When trying to assess differences in her customers, Claire - the owner of Claire's Rose Boutique - noticed a difference in the typical demand of her female versus her male customers
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