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The U.S. government is considering a pouch to lease oil rights inside of a monument, but will only allow it if it passes the compensation test. The forest service estimates the marginal benefit curve of park acres to visitors as MB = 300-3Q. The park is 30 acres (Q) but will only give access to 12. Using the information given, explain when this policy would pass the compensation test.
An $85 billion sequester (called automatic federal government spending cut) that went into effect on March 1, 2013. This was an across-the-board spending cut in federal government's various existing programs and services, including maintenance of ..
Compute the implied arc income elasticity of demand. Holding all else equal, would a further increase in price result in higher or lower total revenue.
A firm produces output according to the production function Q=K^(1/2)L^(1/2). If it sells its output in a perfectly competitive market at a price of 10, and if K is fixed at 4 units, what is this firm's short-run demand curve for labor
instructors training on how to grade is within the instructor center.the fiscal and monetary policy and economic
You produce a product that will earn $100,000 if there is a recession and $100,000 if there is no recession (i.e. the same regardless). The probability of a recession is 50%. What is the variance?
Question 1: Provide a fully articulated Lorenz Curve Model showing each of these two nations (both on the same model). Question 2: What is the Gini Coefficient for Mira? (Remember to convert all percentage to decimal equivalents and to carry to th..
when comparing a competitive market to a monopolistic market, A) the monopolistic supply curve is equal to the competitive supply curve B) the monopolistic marginal cost curve is equal to the competitive supply curve C)the monopolistic supply curve i..
What happens to the real interest rate, output, consumption, and investment in the short run (in which the price level is fixed)? What happens in the long run to the real interest rate, consumption, investment, and the price level?
Assume that the federal government increases spending on public works programs, such as highway construction, by $40 billion. How does this change in spending affect the aggregate demand curve? Explain why the shift may be higher or lower than the or..
1. Who has absolute advantange in chocolates Who has absolute advantage in shirts 2. Who has comparative advantage in chocolates Who has comparative advantage in shirts 3. If these nations trade freely, what does the U.S. import from Switzerland
Illustrate what is the purpose of the foreign exchange markets
How Indonesia has adjusted to the period of a G-Zero World (i.e., instability and public spending cuts) and the Beijing Consensus; how developed is the country in regard to the concepts of competitive advantage of nations
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