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Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is
MC = 40P
where P represents a reduction of one unit of pollution in the mines. It also feels that for
every unit of pollution reduction the marginal increase in revenue (MR) is
MR = 1,000 - 10P
How much pollution reduction should Appalachian Coal Mining undertake?
What is the question you want to use the dataset to try and answer? What is your key independent variable(s)?
What is the quantity of magazines that needs to be sold per month in order for the operation to break-even and what will happen to that break-even quantity
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts.
Compute Florence's MRS of all other goods for travel. (In other words, compute her MRS with travel on the horizontal axis.
1. b. in at least 3 detailed paragraphs answer the following three questions use examples to illustrate your response
Calculate net revenue, or the revenue from the investment minus the costs; the present value coefficient for every year; and the present value of the net revenue.
Evaulate the price elasticity of demand for subway rides. The subway fare in your town has just been increased from the current level of 50 cents to $1.00 per ride.
The miracle Manufacturing company Short run Average cost Function In 1997 Is AV=3+4Q , Whwer AC is The firms Average cost ($/pound)And Q Is its output rate. A) Obtain an equation For the firms Short-run Total cost function.
In the analyses below, when drawing your diagrams assume that students can choose among only two products on campus, namely tobacco and food.
what advice would you give as the economic analysis team and Your client states that it is worth $4,000 annually to be his own boss and not be a butcher any more. Would that change your advice? How and why?
an upward shift of the depreciation line, an upward shift of the investment function, an upward shift of the per-worker production function.
What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives?
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