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The world's population has increased from around 1 billion people in 1800 to around 7.5 billion today. List 3 stresses this rapid growth in population has put on the environment.
Do you think the Earth will be able to sustain this growth rate? Why or Why not?
A tax on a market with elastic demand and elastic supply will shrink the market more than a tax on a market with inelastic demand and inelastic supply will shrink the market. If the government places a $2 tax in the market, the seller bears $2 of the..
A large electric utility company releases 62 million tons of greenhouse gases in to the environment each year. A company has committed to spending $1.2 billion in capital over the next 5 years to reduce its annual emissions by 5%. More will be spent ..
What is the total cost of pollution reduction?
The salvage value of either alternative is negligible at any time. If MARR is 10% per year, what present expenditure for the auxiliary equipment can plan you justify spending? Assume that you need the heating system in?nitely.
What would be benefits of action. What would be costs. How would you decide what was best level of emission reduction. Why do you think your approach would be better than others.
The demand for video recorders has been estimated to be linear and given by the demand function: Qv=145-3.2Pv+7M-0.95Pf-39Pm
a. State the decision rule. b. Compute the value of the test statistic. c. What is your decision regarding the null hypothesis?
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. Write out the best response function of firm 1 for any price th..
Why do restaurants shut down at a certain hour of the day, say 10:00 p.m? Why do movie theatres still show movies that have just a handful of movie watchers? What is the difference between accounting profit, economic profit, and normal profit?
We know that a certain piece of equipment will cost $150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?
DrexelBoard wants to start a hoverboard sharing service in Philadelphia (much like Zipcar, only with hoverboards instead of cars). There are two types of potential customers: Comparing these profits to those DrexelBoard earned from only serving the y..
Suppose that legalizing the use of marjuana would decrease its price by 93%. If the price elasticity of demand for marjuana is -2.00, what would be the percentage increase in the quantity of marijuana demanded from legalizing marijuana? _______ perce..
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