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In the 1970s in U.S. cities, air emissions were governed almost completely by prescriptive regulations. One of the problems faced by regulations in large urban areas with air quality well below desirable levels was how to let new polluters into the city without reducing air pollution. Regulators came up with an innovative approach called the offset system. New sources had to "convince" existing sources of emission to reduce emissions. The overall effect of all of the reductions had to at least offset the pollution additions by the new sources. Explain why or why not this so-called "offset system" is equivalent to a marketable permit system.
The overall effectiveness of the organ procurement system in the United States. What are its strengths and weaknesses.
3. assume a monopolist who sells a product with a total cost function c -100q 15q2. the market demand is given by the
Two methods of filling cereal boxes are being compared. Both methods fill the box with the same amount of cereal on average so the company wants to select the method with the lower variance. In a sample of 31 boxes filled using method 1, the standard..
A profit maximizing competitive firm uses just one input, x. Its production function is q=8x1/2 . The price of output is 16 and the factor price is 8. The amount of the factor that the firm demand is. (a) 10 (b) 22.63 (c) 64 (d) 48 (e) None of the ab..
Which countries you think benefited or suffered from globalazition? Please answer should be long , in detail and easy to understand
Elucidate how Levitt devised a means of examining student test scores to uncover evidence of cheating teachers. Explain also why Levitt's analysis of the data constituted evidence, but not proof, of cheating.
Calculate the present worth of a 4.5%, $5,000 bond with interest paid semiannually. The bond matures in 10 years, and the investor wants to make 8% per year compounded quarterly on the investment.
Suppose that a tax of €10 is levied on every unit of a good. Using a typical supply and demand diagram, please show the relationship between consumer surplus, producer surplus, tax revenue and deadweight loss.
Suppose a study of 100 gas stations in an area revealed that only two companies operated all 100 stations. ABC Inc. owns 63 gas stations, of which 10 sell diese
Elaborate on impact of inflation in Fiji or and the possible ways to reduce its impact.
A produced 7 cups of coffee($4 a cup) and 4 cups of decaf ($3 a cap) during 2013, During 2014 , A produced 9 cups of coffee($5 a cup) and 5 cups of decaf( $3 a cup) Calculate the CPI for 2014 assuming 2013 is the base year.
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
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