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Question: Western Coal expects to produce 75,000 tons of coal annually for 15 years. The deposit cost $2M to acquire. The annual gross revenues are expected to be $8 per ton, and the net revenues are expected to be $3 per ton.
(a) Compute the annual depletion on a cost basis.
(b) Compute the annual depletion on a percentage basis. (Answer: cost = $133.3K, percentage = $60K)
Identify the distribution that is most probable for the following random variables:
Wendy says, "If the amount of product differentiation in amonopolisticallycompetitive industry is very small, the outcome in that market will not be very different than if it were a perfectly competitive industry." Explain if Wendy is correct and ..
find the opportunity cost (in tanks foregone) of producing the first, second, third, fourth, and fifth bridges. the production possibilities of tanks and bridges for a society.
Derive a formula showing how the elasticity of labor demand, λ, depends on labor share, s, the elasticity of substitution, σ, and the demand elasticity η, assuming that the supply curve of capital is infinitely elastic
Describe your research interest and activity, and identify at least 3 references (books and articles). Do not use Internet articles (like ones posted on Wikipedia) unless they are published in academic journals.
Assume that you are going to start a small business of your own.Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:what costs you would incur;what competition you might experience;
Despite the existence of research data that might inform policy about development, politicians rarely discuss such data in their speeches.
Describe the economic outcome of this single-price monopoly in terms of profit. Provide one supporting fact to support your response and What is each country's opportunity cost of producing gloves and hats
Describe the Law of Market Forces - The federal government subsidizes the production of health care services.
You must fly to another city for a Friday meeting. If you stay until Sunday morning your ticket will be $200, rather than $800. Hotel costs are $100 per night.
Relatively little pollution is emitted initially in the production process, but as the factory is used more intensively, pollution per unit of output increases and Explain how the introduction of this policy will affect the production decision of f..
At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.
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