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Define and discuss the major types of air cargo (characterized by the motivation of the shipper or the reason for using air freight instead of some form of ground transportation).
A cost-effective policy is always socially efficient. Enforcement costs are critical to the success of environmental program and should be included in the overall social costs of the program when evaluating different policy options
One year of life is then worth a little less than $67,000. Actually, if you are talking of Quality adjusted life year, your last calendar year might be worth considerably less than one quality adjusted life year ignoring that. They can’t spend more t..
Both Hyundai and Nissan made their invesrments in the southern Indian city of Chennai. What is the advantage to be had by investing in the same region as rivals? If Hyundai, Nissan, their suppliers, and other automobile enterprises continue to make i..
Explain the benefit-based principle in taxation. Also explain how this principle is linked to the Lindhal equilibrium in local public finance choice
During the last year, the demand for books has been falling. At the same time, some industry observers expected that several smaller book manufacturers might exit the market due to the strong competition imposed by Kindle. Use a demand and supply gra..
Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery every year also sell them.
Cary has the following utility function: U(X,Y)=10x^2y where X is her consumption of Blu-ray disks with a price of $40 and Y is her consumption of DVDS with a price of $10. She has $900 with which to spend on the two goods. Determine the number of Bl..
Consider the following simple model with investment and government spending exogenous: Derive the change in Y associated with an increase in taxes T. Show the results graphically and algebraically. What is the tax multiplier?
Duffy derives utility from only two goods: milk and cookies. He only consumes milk and cookies in fixed proportions: he likes to have 4 cookies with each glass of milk. Duffy has income of $270, the price of milk is $1 per glass, and the price of a c..
If actual inflation exceeds anticipated inflation, who will lose purchasing power, and who will gain? How does unanticipated inflation harm the country? As part of your answer, include how you and your employer would both be affected.
Given the production function between nurse hours and patient visits per day to a community clinic, how will each of the following shift the function. A change in nurse remuneration from salary to fee for service. A change in case mix of patients, wi..
There are 20 identical firms that provide car wash services in the town of Dartmouth. Inverse demand for this service is P = 100 – Q. Unit cost is constant and equal to $20. Firms in this industry compete in quantities of cars washed. Suppose the sma..
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