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Branding Iron Products, a specialty steel fabricator, operates a plant in the town of West Star, Texas. The town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount of pollution (primarily particulate matter in the air and waste water in the town's river) emitted by Branding Iron. Three proposals have been made to remedy the problem:
a. Impose a tax on the amount of particulate matter and the amount of waste water emitted by the firm.
b. Prohibit pollution by the firm.
c. Offer tax incentives to the firm to clean up its production processes
Evaluate each of these alternatives from the perspectives of economic efficiency, equity, and the likely long-term impact on the firm
autie frannie wants to help pay for her twin nephews to attend a private school. she intends to send a cheque for 2000
Fill the blanks in the following table. Did the real value of welfare payments increase or decrease over this period?
A hospital is considering to purchase one of two different medical devices to perform a specific task. Both devices will perform an accurate analysis. Device A costs $170,000 initially, whereas device B (the deluxe model) costs $180,000.
advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
Find the natural rate of uemployment b. Graph the short run Phillips curve if the expected rate of inflation is 3 percent or 0.03 c. What is the sacrifice ratio in this economy d. If the central bank has a loss function of L(pi) = (pi)..
Trains can move at different speeds, so no assumption should be made about the train speeds. A train hitting a sensor can be stopped before entering the switch area.
a small country can import a good at a world price of 10 per unit. the domestic supply curve of the good iss 20 10 pthe
How are the multinomial logic and the ordered probit different? Why are the logit or probit not appropriate models in this circumstance
The informal sector has become a very large part of the urban economy. Distinguish between the urban formal and informal sectors, and discuss both the positive and the negative aspects of the informal urban labor market.
Given the ideal gas law, pV = nRT, find q for an isothermal reversible expansion. What is the work required to compress 1 mol of an ideal gas from 1 to 100 atm at room temperature? Express the work in J, erg, cal, and L atm units. Note that the la..
If sales fall by 20 percent from 1 million papers per month to 800,000 papers per month, what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs
How do you think it might have affected the economy over the past decade?
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