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Explain how engaged ecological citizens (who are prepared to demand local sustainable food system) could extend relevant ethical principles and standard to distant lands and remote land managers.
A competitive industry consists of 6 type A firms and 4 type B firms . Each firm of type A operates with the supply curve \(Q^{Supply}_{A} = ^{^{-} 10+ P, when P > 10}_{0, when P
Why do we call mechanisms such as proportional income taxes and the welfare system automatic stabilizers ? Choose one of these mechanisms and explain carefully how and why it affects fluctuations in output.
If GDP increases by 6 percent in the same year as the deficit is run, what happens to gross debt as a percentage of GDP? What happens to the level of debt held by the public as a percentage of GDP?
Given the history of public health, how has the field of public health administration evolved? In other words, how does the role of the public health administrator of today differ from the role of the public health administrator in the past
what is the net present value if the opportunity cost of capital (discount rate) is 10 percent?b) add an outflow (or cost) of $1000 at year 0 . Now, what is the net present value? the future value of $500 invested at 8 percent for five years c) the p..
Calculate the total effect on welfare of a tariff of 5 per unit levied on imports. Calculate the total effect of a production subsidy of 5 per unit. Why does the production subsidy produce a greater gain in welfare than the tariff? What would the opt..
A firm can manufacture a product according to the production function Q = 2(K)1/2(L)1/2 where K represents capital equipment and L is labor. The company has already spent $10,000 on the 4 units capital. a. Calculate the average product of labor
At what salary would it make sense for this firm to hire an incompetent manager?
determine whether the tax should be levied on the employer
where P is the price of cigarettes in dollars and Q is in millions of cigars Using calculus, show that the demand and supply curve have constant elasticity along their entire length. What are the values of the demand and supply elasticities
Assume the government cuts its purchases by $150billion. As a result, the budget deficit is reduced by $40 billion,private domestic saving decreases by $10 billion, disposablepersonal income decreases by $80 billion
Sketch the demand curve, MR curves well as the MC curve as per information above.
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