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Three years ago Maricopa County implemented a policy to tackle the problem of particulate matter in the air. The project/policy consisted in paving and compacting some of the roads the dairy industry uses for feeding the cattle and transporting the milk in the West part of Maricopa. At the beginning of the project the abatement level was estimated to be in 10 units (micrograms per cubic meter). After 3 years of project implementation, the abatement levels rose to 20 units. The Maricopa Environmental Service Department estimates that
MSB = 120 – 2.5A
whereas
TSB = 120A – 1.25A².
Find the incremental benefit using either one of the functions (from 10 units to 20 units). Express your results in million dollars.
Suppose that a monopolistic company faces the consumer demand curve. Find out the profit-maximizing quantity of the product.
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
This discussion is about the excerpt from "Office Space." In the movie Peter says: “It’s not that I am lazy. It is that I just don’t care…The problem is one of motivation.” What kind of problem is depicted in the movie? Is it one of moral hazard or ..
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
The average adult produces $75,000 of output per year, Explain how much output is lost as a result of deaths from secondhand smoke, according to the News given below.
Consider a consumer who spends all of her income on two goods. Prove that it is impossible for both goods to be inferior for this individual. (Suppose the assertion is not true. Write algebraically what this means, and derive a contradiction by using..
The city of Morse recently completed the construction of a bridge across the Ohio River at a total cost of $133,453.95. The length of the bridge is 276,389 feet. The city of Edison three miles up river wants to build there own bridge which have to be..
Discuss these three time horizons in terms of the price elasticity of supply. Sketch a figure showing supply curves for each of the time horizons.
Describe some of the conflicting social, economic, and environmental costs, benefits, and issues associated with construction of the Three Gorges Dam.
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
Assume that Dr. Slight has $300 to spend on goods X and Y. Good X costs $5 per unit and Good Y costs $3 per unit. Dr. Slight combines X and Y using a very strict ratio to derive utility. He can only increase his level of wellbeing by receiving more o..
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