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Assume that locating a cement factory in the middle of Boston would save the producer $5 million at a public expense, in pollution and traffic noise, of $20 for each of 500,000 Boston residents. 1. What is the minimum amount that Boston residents would have to pay to stop the plant from being built if the owner has a legal right to build? $ million. 2. What is the minimum amount that the factory owner would have to pay Boston residents to build the plant if the city had a right to stop the building? $ million. 3. What proportion of Boston residents would have to contribute to a fund to stop the plant for that fund to stop construction? (assuming that each of these contributors would contribute the maximum amount that they might contribute
Suppose that the supply and demand for oil. Starting from a point where supply and demand are in equilibrium, describe with use of a diagram how a global recession is likely to affect equilibrium value and quantity of oil bought & sold.
You have been hired as a plant manager for a firm that produces widgets (Q) in Angola, Indiana. Widget production requires machine time (K) and labor time (L).
Draw Beatriz' demand curve. Using the method described in Section 6.2, compute the change in her consumer surplus for the proposed tax increase.
Tangible would be the treatments themselves, i.e. the alterations they make. Intangible would be the uplifting experience, the sense of well-being, increased confidence etc.
Define the shows of the relationship between the quantity supplied of a good and its price when all other things remain the same.
At its current short-run level of production, a firm’s average variable costs equal $30 per unit, and its average fixed costs equal $50 per unit. Its total costs at its current production level equals $8000.
Seven goblins are deciding how to split 100 galleons. The goblins are named Alguff, Bogrod, Eargit, Griphook, Knadug, Ragnuk, and Uric, and they've been rank-ordered in terms of magical power, with Alguff the weakest and Uric the strongest.
Assume one firm buys another firm. Elucidate what issues might arise as they attempt to merge their respective performance management systems.
the economy of the Shire that produces cereals and swords each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry.
Three students have each saved $1,000 and each can invest up to $2,000. Here are the rates of return on their investment projects: Harry 5%, Ron 8%, and Hermione 20%.
What is the situation in which federal government expenditures are greater than federal government tax revenues called?
What is the present value of this sum at an interest rate of8% also what happens to the present value if the rate falls to5%
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