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Question: In 2011, the Deepwater Horizon oil spill in the Gulf of Mexico caused heavy damage to the fishing and tourism industries of Louisiana and other coastal states. In addition, there were long-term ecological impacts on fish and wildlife. Describe how this might be accounted for in the 2011 national accounts of the United States, if they were environmentally adjusted:
a. In terms of depreciation of assets
b. In terms of flows of produced goods and services. (Describe in detail how two approaches to assigning dollar values might be applied.)
Three fans are to be installed at a mine site; one immediately at a price of $260,000, one in five years at an estimated cost of $310,000 and the third in eight years at a cost of $480,000. Find out the total expenditure as a present value if the ..
explain the theory of 3rd degree price discrimination as it applies to the airline industry including a graphical model. Explain how and why airlines would choose to practice price discrimination.
What is Tivo, and how does it fit into someone's living room? (For additional info: If you haven't seen Tivo in action, try finding a friend that has.) What constitutes Tivo's technology? What has been the history of Tivo's subscriber growth? Reve..
While referring to the "EYE on YOUR LIFE" section on page 183 of the textbook, apply this concept to your life. Develop your own policy position on price floors and price ceilings.
Calculate the cash flows for the new crystal jewelry project given the assumptions - Compute net present value and internal rate of return of the project.
To increase income by $120 when the slope of the curve showing the relationship among your income and work hours is 8, how many extra hours will you need to work? In a market economy, what encourages firms to develop new products and production proce..
If depositors withdraw their funds and create a shortage of reserves, bankers. true or false The greater the level of excess reserves, the lower the Federal Funds rate will be.
What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain
What is the future worth of each given series of payments?
Suppose the demand curve for a monopolist is QD = 500 - P, and the marginal revenue function is 500 - 2Q. The monopolist has a constant marginal and average total cost of $50 unit. a. Find the monopolist's profit maximizing output and price. b. Calcu..
Do consumers of public goods have the same incentives to reveal their true valuations of Public goods as they do of Private goods? Why or why not?
Identify and describe the current state of the health care industry. Also, in your paper list the pros and cons related to the health insurance industry along with a short explanation of health insurance. You are asked to develop your own sol..
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