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You are a Senate committee staff person charged with analyzing the impact of a proposed substantial increase in grazing fees on federal lands, with the proceeds to be used for erosion control and animal health services for owners of livestock. Evaluate this proposal from both efficiency and equity perspectives. How would you decide how much to increase the fee?
A certain area has 7500 workers who are willing to work at any salary. The area has two places of employment, A and B. At A, the value of the marginal production of the workers is w = 1800-0.1L At B, it is w = 1800-0.2L
the stayanight discount motel chain is considering a proposal to build a new motel that would have 150 rooms.revenues
an event you believe to have a 60 percent probability; otherwise the shares pay a zero return. Shares of Elephant Inc will pay 8 percent if the Republicans are elected (a 40 percent probability), zero otherwise. Either the Democrats or the Republi..
The line segment connecting the points A(5, 9) and B( 12, 20) is to be divided at a point P so that the ratio of the distances AP/BP is 5/8, find the coordinates of the point P.
Assuming the cost curves have the usual shape, is the dollar difference between the average total cost and the average variabe cost greater when the output is 10,000 tennis balls or when the output is 30,000 tennis balls
In a competitive market, the industry demand and supply curves are P=200-0.2×Qd and P=100+0.3×Qs, respectively. Can you find an ad-valorem tax that would generate $3200 of revenues for the government
Upon entering college, Meena borrowed the limit of $5000 on her credit card to help pay expenses. The credit card company charges 19.95% annual interest, compounded continuously. how much will meena owe when she graduates in four years
What is the likely post-merger bargaining outcome?
What is the relationship between potential output and the natural rate of unemployment If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent
what is the median voting outcome? Is there a Pareto preferred outcome?Is there a Pareto preferred outcome?
Matt is a 25 year old engineer, and his salary next year will be $60,000. Matt expects that his salary will increase at a steady rate of 5% per year until his retirement at age 65. If he saves 10% of his salary each year and invest these savings
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $56 and the price at point e is $31 per bag. The price at point f is $67 and the price at point g is $32 per bag. Apply the formula for the area of a trian..
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