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Recently, when the cost of oil was ~$100/barrel the US made a significant investment in the form of tax breaks and subsidies to producers of ethanol to assist in the development of production of ethanol from biomass, including corn. Discuss the sustainability of ethanol production from corn, by considering the total energy input in the production of ethanol and in the generation of greenhouse gases. Be sure to provide references for any information you use in your discussion, including those form the textbook.
What would the supply of labor curve which look like over this range of wages.
What do you think businesses and other organizations in economic markets should do in order to make capitalism more sustainable and why?
What were the major areas of disagreement between John Maynard Keynes and the classical economists?
Why might learning by doing decrease the long-run average cost of production?
Suppose that the income of the average Canadian household increases because a larger percentage of women enter the labour force. What do you think will happen to demand for the following products or services? What does your answer imply about income ..
the microeconomic paper tests your ability to apply economic principles to a business decision. select one situation
An office building should last 60 years, but this owner will sell it at 20 years for 40% of its construction cost. For the first 20 years it can be leased as Class A space, which is all this owner operates. When the building is sold, the land’s cost ..
A study is performed in a large southern town to determine whether the average weekly grocery bill per four-person family in the town is significantly different from the national average. Identify the null and alternative hypotheses for this situatio..
Suppose that you have won a wrongful injury lawsuit and have been awarded $5 million dollars. However, the $5 million is going to come in two payments. The first payment is $3 million and will be paid in exactly one year. The remaining $2 million is ..
If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? -What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? -List and give an example of..
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Interpret these results. Is profit per employee much sensitive to industry-specific or firm-specific factors for this sample of giant corporations.
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