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Question 1. What are the benefits on protecting national parks;
Question 2. List 5 benefits and its references.
Question 3. Explain each benefits briefly.
1. Identify the key variable and fixed costs associated with the cardboard box and the metal box.
Demand studies in health care have provided estimates of both income and price elasticity. Estimates of income elasticity are usually above +1.0.
Zack quits his job at a consulting firm, which pays $40,000 a year, to enrol in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-ye..
The elasticity of demand for labor with respect to the wage rate will be less if firms using this labor are experiencing decreasing returns to scale than if they are experiencing increasing return to scale True false why
What is this firm’s marginal cost function? Over what range of output are the firm’s marginal costs decreasing? Increasing?
Suppose you are a manager at Bank of America and the Federal Reserve raises the required reserve ratio from 10 percent to 12 percent. What actions would you have to take? How would your actions and those of other bank manager’s end up affecting the m..
United States and other industrial economies have gone through periods of fluctuations in real GDP, employment, and the price level. Given the current trend of these metrics in the US, how will you describe the stage of the US economy in business cyc..
Historical data show that during the recession of 1990 − 1991, the natural rate of unemployment was about 5.9 percent while the actual rate of unemployment was 7.0 percent. Which of the following statements is correct regarding these two short recess..
A company hires management trainees for entry level sales positions. Past experience indicates that only 20% will still be employed at the end of nine months. Assume the company recently hired six trainees. What is the standard deviation of the numbe..
Does leverage increase the total size of the gain or loss from an investment, or just the percentage rate of return on the part of the investment amount that wa
The corresponding marginal benefit and marginal cost functions are given by MB(H) = 500 - 45H and MC(H) = 100 + 30H. What is the best choice of hours
The following two individual demand curves represent an entire market for a commodity. What is the market demand curve for the commodity? show the market demand in equation and graphical form. (a) P=60-10Q (b) P=60-15Q
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