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Three years ago Maricopa County implemented a policy to tackle the problem of particulate matter in the air. The project/policy consisted in paving and compacting some of the roads the dairy industry uses for feeding the cattle and transporting the milk in the West part of Maricopa. At the beginning of the project the abatement level was estimated to be in 10 units (micrograms per cubic meter). After 3 years of project implementation, the abatement levels rose to 20 units. The Maricopa Environmental Service Department estimates that
MSB = 120 – 2.5A
whereas
TSB = 120A – 1.25A².
Find the incremental benefit using either one of the functions (from 10 units to 20 units). Express your results in million dollars.
What is a budget deficit. Explain how are budget deficits financed? Why do Keynesians believe that budget deficits will increase aggregate demand.
explain how many sodas will the consumer purchase in a typical month. Illustrate what is the elasticity of demand for soda.
According to the World Bank’s Mind, Society, and Behavior, which two economists are associated with the removal of psychological factors from economics generally and from “making predictions about market outcomes” in particular?
Should the U.S. government impose tariffs on imports from China given that China artifically deflates the value of the Chinese currency to increase their export sales?
What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..
Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete.
A movie made by a motion picture company had a large amount of bad publicity during its production due to being over-budget, its length being too long, and an element of uncertain topic-content appeal. It’s opening weekend showed a solid but not spec..
Discuss in detail whether health insurance should be provided by employers. (Hint: refer to how employer-provided health insurance may address adverse selection, moral hazard, health care costs, etc.)
do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
The economy's factors of production are not equally suitable for producing different types of goods. This principle generates:
Elucidate how does that fact that many goods are non traded affect the extent of possible gains from trade.
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