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Temperatures have persisted below freezing levels in Florida throughout the months of December and January. As a result demand for electricity sharply increased and the price of lectricity rose sharply. The price of coal also rose. In these circumstances any resulting shifts in the supply curves for coal miners and electricity produces
Contrast two or three key economic factors for this country with the U.S. economy, and comment.
For the product is charging the most favorable price
Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.
The Gentle Warming Company is purchasing a new cooling system. To pay for the system, the company agrees to make 12 installment payments of $8186 per year, beginning at the end of year 1.
In her economics course, Nancy has two exams. Her overall score for the course will be the maximum of her scores on the two exams. Nancy decides to spend a total of 400 minutes studying for these exams. Find the point on Nancy’s budget line that give..
Imagine that a foreign country’s movie industry has been traditionally protected by a quota system. With this system, movie theaters have to show domestically-made movies on at least a certain percentage of screens. If the screen quota were eliminate..
If American cheese also cheddar cheese are substitute afterward which of the following would increase the demand for cheddar cheese.
The Blue Star Fund assets with a market value of $10.6 million and liabilities of $607,000. What is the net asset value if there are 185,000 shares outstanding? A mutual fund has an NAV of $9.55 with 274,000 shares outstanding. What is the value of t..
What are some of the reasons why the government will need to focus on spending levels to stimulate the economy?
A paper mill has leaked a toxic substance (chlorine) into the ground. Fixing the leak was very expensive so the paper mill chose not to fix the leak. Once local residents and local government discovered that the toxic was contaminating local water su..
What is the probability that the cost will be between $300 and $400? (to 4 decimals) d.If the cost to a patient is in the lower 8% of charges for this medical service, what was the cost of this patient’s emergency room visit?
The total utility for water is higher than the total utility for diamonds. You can explain the diamond-water paradox (that diamonds are expensive but not necessary for survival / not as useful, while water is inexpensive yet necessary for survival / ..
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