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Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean air and fresh water).
It can take 10 years or more before a hazardous waste site is remediated. Often, exposure continues for the people that live on and around the site.
A Caribbean cruise line has purchased a new cruise ship for $509,397 and expects to realize a net revenue of $190,000.00 each year for the next 10 years. The estimated salvage value of the ship at the end of its useful life of 10 years is $52,000. As..
q1. what is the adam smith statement about invisible has well as by m. parkin book micro economics?q2. why is it
Alden has a summer beach cottage that he has owned for many years. The cottage is valued at $80,000. This year, Alden spends $400 on paid.
Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply, and the price of the good as we move..
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Calculate the medical expenses offset for a client who has a total of medical expenses of $5,500 for the financial year. The taxpayer has private medical insurance and received $2,200 in refunds.
q1. using graphical analysis describe the effects of the following events on their respective markets. concisely
Could you reduce the cost of producing 1,800 pots per day by adding a pottery machine to your production process and reducing the amount of labor. Explain why or why not.
How changing the price elasticity of demand from elastic to inelastic affects the consumer's economic burden of a tax and the government's collected tax revenues?
As described in the lecture notes and supporting OERs, the RSA public-key algorithm depends on the difficulty that an attacker would have in factoring large.
When Mahdi's youngest sister was born his parents started saving $1000 per year and continue until she beomes 10 years old (total 10 years). Then they stop and keep the money on the account for the next 25 years. The interest rate in both cases is 6%..
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