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Question - Suppose that there is an initial supply of a costless nonrenewable resource equal to 79 metric tons. Annual demand (Q) for the resource is constant over time and equal to Q=4-P. The market interest rate is 4%.
Calculate the 1) price, 2) quantity extracted, 3) size of the stock, 4) extraction profit, and 5) net present value for the resource for 2 years.
A) What are alternative approaches to measuring poverty and inequality B) Describe the long-term trends in inequality in the United States using the available measures C) What are possible explanations for these long-term trends.
The long-run supply curve for a product is horizontal with ATC = 200. If a $50 tax is imposed on sellers, how many firms will be in the industry
As in part A there is a 50% chance the share market crashes. If John maximises expected utility, what value of ß should he choose?
Analyze the role of credit in our economy and how it influences the business cycle. In your answer, explain how the role of credit leads to the stability of our economy.
Because in-kind transfers are not accounted for in standard measures of income distribution, the standard measures of income distribution.
A monopolist has the following cubic cost function: TC = 0.8Q3:- 32Q2:+ 1000Q + 32000 ,If the market demand function for the firm's product is P = 3400 - 14Q-What is the firm's profit.
all other factors held constant what would be the effect on the demand for money m1 of each of the following
IPA in the News - Put the house price myths out to pasture Alan Moran - The effect diminishes with distance and is minor in the upmarket suburbs. Escalating price levels are possible only where taxation or regulatory controls prevent supply adjustm..
The pump cost $15,000, but it was used for 2 years before being put on the shelf. The accountants say the pump is worth $6000. The maintenance supervisor says that it will cost an extra $500 to recon?gure the pump for the new use and that he could..
Suppose you were employed as a consultant by a school district and charged with determining how much suspending a bad-behaving student reduces or increases his or her academic performance.(Throughout these questions when I say "suspension" I mean "ou..
Do you think this intervention was necessary? What are the consequences of this intervention? What might have happened if they had not intervened?
how many workers should Ms. Smith hire? (Ms. Smith should hire workers as long as their marginal revenue product (MRP) exceeds their marginal resource cost
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