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Explain why the number of elephants and rhinos is declining in nations where the animals are housed on national parks and rising in nations where the animals are privately owned and farmed by individuals.
A small business that has taxable income of less that $50k purchases a machine for $10k. The machine yields an annual benefit of $5k over its 5-year life. Is the after-tax rate of return for this item closer to 5% or 12% Assume a straight-line de..
How many units will the consumer buy in total?
You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago. Despite strong sales ($125 million last year) and a low marginal cost of producing the product ($0.25 per pill)
Suppose that the money demand is given by: Md = PY(0.25 i) Suppose that nominal income is $100 and wealth is $500 and that the money supply is set by the central bank at s = 20. a. Derive the demand for bonds.b. Draw the supply and the demand of mon..
Most moonlighting jobs pay less per hour than the worker's basic job. Draw a typical worker's budget constraint. Explain why the budget constraint has a kink at 37 hours of work. Discuss the consequences of the kink in the budget constraint.
Does their experience lend support for the infant industry argument or help to argue against it?
A 5-L plastic Coca Cola bottle contains air at 300 K and 12.5 bar gauge pressure. How much work would the gas do if you could expand the gas so that the final pressure is 1 bar isothermally and reversibly?
What is the unbiased estimate of the difference in height between boys and girls? Provide a formula and check the unbiasedness. Calculate the value of this estimate for the given sample
Assume that the firm's marginal cost is given by MC = 0.2q + 3. What is the level of output q that maximizes profit? b) Assume the total cost is given by TC = 0.1q^2 + 3q + 10. Calculate the firm's profit. c) Graph these results and label firm's s..
Penelope wants to buy a car that is worth $43,195 by making a $4300 down payment and arranging a four-year lease that calls for monthly payments in advance, interest of 2.91 percent compounded monthly, and a buyout payment of $20,000 at the end of..
Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource. A widget producer wishes to determine how the addition of pounds of rubber will affect its MRP and profits. Se..
Should a social planner be concerned with the distribution of income or the distribution of utility? How does the answer relate to needs and abilities?
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