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What is the cost of regular unleaded fuel in your town? What are some contributing demand and supply factors to the differences in fuel prices around the country?
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?
Why do they not expand indefinitely?
On average, noncustomers earn a wage of $20 per hour and pay ATM fees of $2.75per transaction. It is estimatedtht nanks would be willin to maintain services for 4 million transactions at $.075 per transaction, while noncustomers would attempt to c..
Jon Breeks quit his job in a bicycle shop, where he earned $15,000 per year, to become a graduate student in economics. At the university he attended, he spent $2,000 on books, $1,000 on cough medicine, and earned $12,000 as an economics instructo..
Consider a market for a homgeneous product with demand given by Q = 37.5 - .25P. There are two firms, each with a constant marginal cost equal to 40. a. Determine the output and price under a cournot equilibrium.
Summarize how the vision, mission, and values guide the division's strategic direction.
The widget industry is perfectly competitive. The industry demand and supply functions for widgets are given below.Qd = 424 - 40P Qs = 40 + 8P What is the equilibrium price and quantity for the industry?
The situation is the same as in 1, except that the extraction costs per liter are different every period and now they given by; c1=$10, c2=$20 and c3=$200. What are the optimal extraction plan and the present value of the profit
What is Sam's compensating variation for the proposed policy? Can you compute it without knowing his preferences? Why or why not?
Draw a histogram of household size variable. On the histogram, mark in the mean and median. Comment on the shape of the distribution and what are the mean and standard error of your sampling distribution
An undergrad research project examines the effects of urbanization on GDP in the developing world. What is the best way to proceed, what assumption must be made, and what limitations are unavoidable
The following data is available for an economy. Compute the inflation rate (measured from year 1 to year 2) using the GDP deflator and taking as base first year 1 and then year 2 Price of Peanuts in Year 1 $1.60 Quantity of Peanuts in Year 1 275 Pr..
Utility function: U(x,y) = x^1/2 + y A) graph a typical indifference curve, choose a level of utility and draw various combinations B) write marginal utility of x and y C) give marginal rate of substitution
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