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For this week's writing assignment, suppose that the state of Pennsylvania is proposing and environmental policy plan aimed at reducing smog in its urban centers, particularly Pittsburg and Philadelphia.
Research and suggest a couple of potential (hypothetical or real) policies that could be part of such a proposal to reduce smog.
Expand briefly on how these could be implemented and what the long-term sustainability benefits are.
In your second part of the essay, assume an economist estimates the present value of benefits (PVB) of the proposed policy to be $ 4.2 billion and the present value of costs (PVC) to be $ 5.6 billion. Is this proposal feasible? Explain briefly.
Determine the internal rate of return of the following cash flow Year cash flow 0 -100,000 1 10,000 2 12,000 3 13,000 4 14,000 5 15,000 6 16,000 7 17,000 8 18,000 9 19,000 10 20,000 11 21,000
The price of a cone is expressed in cents, and the quantities are expressed in cones per day. a. Create demand & supply tables corresponding to these equations. b. Graph supply and demand and determine equilibrium price and quantity
Use the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium price level and the equilibrium level of real output in this hypothetical economy Is the equilibrium real output also necessarily the full-employ..
The following table shows the average retail price of butter and the Consumer Price Index from 1980 to 2000, scaled so that the CPI = 100 in 1980. 1980 1985 1990 1995 2000 CPI 100 130.58 158.56 184.95 208.98 Retail price of butter (salted, grade AA..
The objective function measures profit, it is assumed that every piece stocked will be sold. constraint 2 measures time to set up the display in minutes. Constraints 3 and 4 are marketing restrictions.
Bolivia's real GDP per capita is growing at a rate of 1.3%, which would we expect in the long run Assume real GDP per capita in the United States begins at a level above that of real GDP per capita in Bolivia.
What would be the difference, then, between the two types of trade barriers?
If the material costs were $140,000 per quarter and the service charges were calculated as 20% of the material costs, what is the present worth of the contract through the 3 year treatment period at an interest rate of 1% per month
A firm is a purely competitive industry is currently producing 1000 units per day as a total cost of $600. If the firm produces 1200 units per day its total cost is $600. If the firm produces 1000 units per day its total cost would be $400.
ABC Corporation's recently issued bonds paying interest semiannually and maturing in 10 years. The face value of each bond is $1000, and 6.8% is the nominal interest rate. (a) What is the effective interest rate an investor receives.
List them in the order of their reliability.
(a) Computer nominal GDP, real GDP, and the GDP Deflator for each year using 2005 as base year (b) Compute the percentage change in nominal GDP, real GDP, and the GDP Deflator in 2006 and 2007 from the perceeding year. For each year, identify the var..
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