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As the leader of a wildlife exploration venture, you must determine the best selection of four out of eight possible sites. The sites are labeled as s1, s2,..., s8 and the expected associated benefits quantified and given in the table below:
Site
s1
s2
s3
s4
s5
s6
s7
s8
Benefit
3
4
6
2.5
7
2
4.5
If site s2 is explored, then site s3 must also be explored. Furthermore, regional restric- tions are such that exploring sites s1 and s7 will prevent you from exploring site s8. Exploring sites s3 or s4 will prevent you from exploring site s5.
Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium, the stock market will also reach its boom. Which curve will shift? Is it AS curve or AD curve? In which d..
Which of the following is the best example of a public good (or quasi-public good)?
Verify Leibniz rule for differentiation under the integral sign for the following function 2x^2+3xy+3y^2
a firm in a purely competitive industry is currently producing 100 units per day at a total cost of 450. if the firm
Identify at least five locational attributes that are important in the location of a fast-food restaurant. Compare notes with someone in the industry such as a local restaurant manager or owner.
draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in the
Calculate the maximum amount that we would be willing to pay to get rid of our loss. If we could buy an insurance policy for $30,000, which would completely pay for the medical treatment that we may need, should we purchase this insurance policy? Exp..
A firm's technology for producing its output from labor (L) and capital (K) is Q =(?4LK + K^2) where |MRTSLK| =2K / 2L+K. The wage rate is $2 per unit of labor and the cost of capital is $5 per unit of capital. The firm is initially producing 30 unit..
What does Patrick need to do to increase his overall utility - At what point will he be unable to increase utility further and
Describe why alternative efficient allocations may have different total levels, and different distributions, of wealth.
1. Define both race and ethnicity. 2. Define both stereotypes and discrimination.
Explain: "without a market for pollution rights, dumping pollutants into the air or water is cost less; in the presence of the right to buy and sell pollution rights, dumping pollutants creates an opportunity cost for the polluter.
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