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Economists often propose systems of tradable permits to achieve environmental goals. Suggest three conditions under which you would advocate using them. Briefly explain your reasoning.
How might the firm deal with the problems that such a strategy poses?
Explain, using the isoquant-isocost diagram, why a rise in the rental rate of capital coupled with no change in the wage rate will lead to a rise in the price of the capital-intensive good relative to the price of the labor-intensive good.
Suppose you are offered a job at $50,000 per year in atlanta where the cost of living index is 217.210. A second job in San Francisco promises to pay you the same real income (purchasing power) as the Atlanta offer. What nominal salary must be offere..
Suppose you need to remove 70 exotic fish from a lake into which they were unintentionally introduced. You have three possible removal methods, methods 1,2 and 3. How much of each method should you use to achieve the removal cost effectively. Why isn..
What is the present value of costs under option A? Under option B? Which is the better option? (b)* Given that she is going to stay in business for another seven years, should she be considering other options??
Working at home (preparing meals, taking care of children is not counted as part of GDP. Such work also doesn't constitute employment in labor- market statistics. Calculate the measured employment and unemployment and the measured labor force for eac..
Explain how much business CPI does abroad, the firm would expose 5 to 20 percent of revenue to currency fluctuations.
Describe the roles of government bodies which conclude the national fiscal policy
Illustrate what are the relationships between strong monotone and non-satiation. Also illustrate what are the relationships
When one person saves which person's wealth is increased, meaning which he or she can consume more in the future. But when everyone saves, everyone's income falls, meaning which everyone must consume less today. Explain this seeming contradiction
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
You are considering buying a piece of industrial equipment to automate a part of your production process. This automation will save labor costs by as much as $35,000 per year over 10 years. The equipment will cost $200,000. Should you purchase the eq..
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