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1. Suppose a dose-response function has been estimated to beR= -0.2 + 1.6D,whereD is emissions of sulfur dioxide in parts per million (ppm), andR is theresponse measured as percent of agricultural crop decline. Determine if there is athreshold, and if so, what is the threshold? If there is none, explain how you know.
2. Suppose you are using risk-benefit analysis to evaluate a policy aimed at limitingthe use of a pesticide applied to grain crops. Describe the risks and benefits thatwould have to be estimated to conduct this analysis properly.
A firm has estimated the following demand function for its product:
Explain the selected theories, and then evaluate GEHs reasoning and explain possible pitfalls for such strategy from GEH's perspective - Identify solutions to the possible pitfalls for the strategy.
What happens to the nonbank's balance sheet?
a countrys annual growth rates over a 10-year period are shown in the following table.year growth rate 1 5 2 3 3 4 4 -3
Office building maintenance plans call for stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology and labor requirements are very basic.
What is the profit maximizing price and quantity of output for Ajax, assuming it is an unregulated monopoly? What are its profits?
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low-risk loan. Give an adverse election explanation for this and offer advice to your friend on how to solve the pro..
The firms and workers in Alpha form expectations adaptively. The firms and workers in Omega form expectations rationally. Their otherwise identical economies are initially in equilibrium at the natural level of output with 10 percent inflation.
In the hope of big returns, venture capitalists give funds to finance new firms. However, potential competitors and structures of market into which the new company enters are extremely important in realization of profits.
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a variety of tasks. Does it then make sense for people with high abilities to go to small firms
Two candidates’ machines are under consideration. For machine a, initial cost is $100,000, operating benefits are $40,000 per year and useful life is 6 years. The respective data for machine B are 150,000, $50,000 and 9 years.
How does its incentive to raise the costs of access to competing long-distance carriers vary with (i) the stringency of access price regulation, (ii) its share of the long-distance market.
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