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If the forest industry is so important to the country, how should the State and the private sector prepare for scenarios of severe water shortages due to the effects of climate change?
Suppose the government imposes a price ceiling of $50 on a market characterized by the following information: Calculate the magnitude of deadweight loss from the price ceiling. Find a price floor that will result in the same magnitude of deadweight l..
What are instances of economic failure that have contributed to this cost escalation? What should we do about them?
Robinson's demand for pineapples is given as Q = 40 - 4P while Friday's is Q = 20 - P. Supply is given as Qs = 6 + P, and Pc = $1. Find equilibrium price, equilibrium quantity, and the amounts Robinson and Friday will both end up consuming.
Calculate the gini coefficient and the coefficient of variation for each of the following distributions.
The Newport Beach Sanitary Agency is presently shipping its waste to another municipality at an annual cost of $100,000. It is considering building a landfill near the city. Start-up costs for the landfill are $900,000, and there are closing costs of..
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Give an economic intuition for why you expect the experiment to work. What economic theory or concept are you going to test?
The majority of the world's diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follow there is moreshow problemThe majority of the worl..
Mike’s Mechanical Men produces radio controlled robots. If its average costs of production are $25, its fixed costs equal $2,500, and it charges $75 per robot, how much revenue must be generated to earn a profit of $5,000?
Prejudice - Realistic Conflict Theory: This theory states that limited resources lead to conflict between groups and result in increased prejudice and discrimination. Reading in Chapter 13 about the experiment carried out at the Boys Camp by Muzafer ..
I understand that inflation has an impact on the foreign direct investment. But can the opposite be true? The amount of foreign direct investment has an impact on the inflation of the country that receives the investment?
An unbounded optimization problem is a feasible optimization problem for which there exists no finite bound on the optimal objective value.
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