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Suppose a small town is considering how much effort to put into cleaning up a polluted stream. The town has a population of 10 people, each of whom values the stream cleanup based on MWTP = 5 - 0.5 H, where H is the total number of worker-hours spent cleaning up the stream and MWTP is marginal willingness to pay (in dollars per worker-hour of cleanup). The cleanup costs $8 per worker-hour. What is the efficient number of worker-hours for the cleanup?
What is the recent trend in methamphetamine use and designer drug use such as extasy, mdma, LSD for the younger population as compare to previous years and how
Distinguish among microeconomics also macroeconomics also identify some relevant topics to each
What are some of the ways in which evolving technology contributes to the experience of workplace stress? What are some intervention that employee and employers might attempt in order to avoid or mange the stress associated with technology?
Assume that Y is on the vertical axis and X is on the horizontal axis. What is the function of this slope
What would be the expected relationship between GDP, inflation rate, and unemployment rate? What happen when one goes up, to the other two?
Suppose that one firm is the only employer of a certain labor service (i.e., the firm is a monopsonist). Assume its MRPL is given by L= 11 - w and the labor supply is L = W. What is the wage paid and the number of labor hours hired by the profit maxi..
Suppose the current administration decides to decrease government expenditures as a means to cut the existing government budget deficit. Using a graph of aggregate demand and supply, show what the effect would be in the short run. Describe the effect..
After 6 years, the press can be sold for $500. What is the press' present worth at an interest rate of 12%?
They face a straight market demand curve that runs from $500 on the price axis to 1000 on the quantity axis.How much profit will they make at that quantity? Why is this firm a natural monopolist?
I. True/False/Uncertain - Briefly explain. No credit without an explanation.
Explain why do businesses care about GDP to such an extent that they want early estimates?
What is the minimum price at which the firm would be willing to supply a positive amount of output in the short run? Label this on your graph.
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