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1. The economically efficient rate of harvest is less than the maximum sustainable yield. Compare and contrast these two criteria.
2. Can you find an example of natural resource policies (in the USA or elsewhere) that attempt to achieve efficient rates of harvest for renewable resources?
Download:- Macroeconomics.docx
Elucidate the roles played by total utility and marginal utility.
The subsequent table gives total output or total product as a function of labor units used. Does the table indicate a situation of diminishing returns.
There are two brands of cell phones that are almost identical except for some minor features, the A-Phone and the Pomegranate.
Suppose the costs also benefits incur at the end of the year, should the city buy the trucks.
Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.
Assume the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase.
Should the company invest in new plants, equipment, or technologies. Should the firm consider a merger with another company. Explain your reasoning.
Suppose that two power plants, company 1 and 2 release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard.
Assume an individual purchases 500 units of good and spends 10,000 dollars.
important sense the term strategy irrelevance proposition is misleading because if the rational expectations
marketplace labor demand is typically more elastic in absolute value than market labor supply. A person who has a substitution effect that dominates his income effect will increase hours worked when an income tax is imposed.
How income may change savings behavior
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