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1: List and briefly discuss three reasons why the United States continues to rely heavily on fossil fuels as an energy source.
2: Why are externalities so important to energy policy analysis? Briefly discuss how the externality costs differ for various energy sources.
What are the liberal, conservative and radical reviews of labor unions? What does each group believe is the future of unions? With which group do you agree and why?
Suppose ACME operates in the cotton textile industry and like other firms, its marginal cost curve is MC= 5 + 3Q. If the market price for cotton is $8, how much cotton will ACME produce? SHOW ALL CALCULATIONS.
Tamiflu, produced by Roche, has so far been the most effective medicine to tackle bird flu. Roche was granted a patent on the drug which enables the pharmaceutical firm to charge higher prices and earn higher profits. Monopoly is inefficient as it ch..
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
Market demand is given by P = 140 -Q. There are two firms, each with unit costs = $20. Firms can choose any quantity. Find the Cournot equilibrium and compare it to the monopoly outcome and to the perfectly competitive outcome. Why isn’t the latter e..
Suppose a perfectly competitive industry whose demand and supply are characterized by the following demand and supply functions: Qd = 180 − 2P and Qs = 10P. How many units will the representative firm produce? Taking this quantity as the average per ..
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $8 billion, what will be its new level of real GDP?
Compare Country Alpha with Country Omega. Which country would you expect to have a higher unemployment rate in each of the following situations? Alpha has a larger share of its population under age 25; Omega has a larger share of its population betwe..
q1. corporate profitability declined by 20 from 2008 to 2009. what performance would you use to trigger executive
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity.
Describe what has happened in the corn and soybean markets and how that has influenced the chicken market
q. a company has started a phone service that uses overseas doctors to provide emergency medical consultations.
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