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Recycling paper is often praised because it allegedly (ostensibly) helps to preserve forests. Under which assumptions is this a sound economic argument? Are these assumptions realistic? What happens if they are abandoned? An addendum: Assume there are two alternative ways of using land: growing trees and growing peanuts. What effect has recycling on the price of peanuts? Now turn to ivory. Trading ivory is prohibited. Does this help or hinder the preservation of elephants? Why does the situation differ from the argument in favor/against recycling?
Now fill in the column for Marginal Cost. Illustrate what pattern do you see
When the government imposes an excise tax on foreign imports:
We are looking at the market place for good ABC. Supply and/or demand conditions are changing. Assume that after these changes occur, the equilibrium price increases while the equilibrium quantity decreases. Now, based on those possible changes suppl..
Using an aggregate supply/aggregate demand model chart the short run effects of decreasing government spending (assuming you began in a short run and long run equilibrium)
A current highway project is estimated to have an average of $1,000,000 in annual maintenance costs upon completion. What is the capitalized equivalent of the perpetual annual maintenance costs for an account earning 6% annual interest?
Explain completely how each of the following tools of monetary policy are used to increase bank reserves and the money supply.
Discuss how technologies used to measure or enable productivity impact bottom-line profitability. Discuss various ways that a system can be managed to improve performance and profitability, including the consideration of offshoring as an option.
Explain how an improvement in lifestyle would alter the shape of the total product curve for medical care. (Assume that both total product and marginal product will increase). Also provide a graph to illustrate your answer.
if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain. the interest income that could have been earned on money invested in a college education is not relevant..
Determine which of the following situations describes games and which describes decisions. In each case, indicate what specific features of the situation caused you to classify it as you did. Consider the strategic games described below. In each case..
Explain how would Margaret's indifference map look like. What is the Marginal Rate of Substitution (MRSA,B) between good A and B.
In Music Ville, the price elasticity of demand for CD players is 1.3, the income elasticity of demand for CD players is 0.4, and the cross elasticity of demand for CD players with respect to MP3's is 0.1. If incomes in Music Ville increase by 15% wit..
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