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Question: Many environmentalists think that an increase in the price of petroleum products to consumers would be a good thing. Many policymakers believe that an increase in the price of higher education (say, through increased tuitions), however, would be a bad thing. Discuss why these beliefs might be held, using the concepts of "externalities" (discussion in Chapter 1) and "substitution effects of a price change."
the length of the red line segment is 12 and the length of the blue line segment is 4. how long is the transverse axis ?
There is a line through the origin that divides the region bounded by the parabola y = 3 x - 8 x^2 and the x-axis into two regions with equal area. What is the slope of that line?
Read the "JET Copies" Case Problem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year
Graph the function using the equation in part a. Explain why it is not necessary to plot points to graph when using y = a (x - h) 2 + k.
What price should lamps be sold at to maximize profit?
Give an explanation which theory is better about why Giza pyramid was built?
Suppose that 560 ft of fencing is used to enclose a corral in the shape of a rectangle with a semicircle whose diameter is a side of the rectangle. (In the blue outline represents the fencing.) Find the dimensions of the corral with maximum area.
Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the annual cost of the policy was $48, what was a customer's expected value of the cell phone insurance policy?
Provide your answers for these computations in the first paragraph, and attach an Excel file that shows how they were done. Explain the importance of accurate and clear quantification in the second paragraph.
Discuss the progress of the GIMPS project in finding Mersenne primes using this test.
Let's borify: If we have A ⊂ Q and B ⊂ Q, and you are given the values of |A|,|B|, and |A ∩ B|, then how can you determine |A ∪ B|? How about |Q \ (A∪B)|?
When price rises by 5 percent, quantity demanded drops by 10 percent.
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