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The government of a country has passed a tax law on the extraction of coal, but this law will first take effect 5 years in the future.
a. Given that the coal mining is characterized by a constant marginal extraction cost (MEC) how would, if at all, this pending law affect the extraction profile over time in terms of both the timing of the extraction and the cumulative amount extracted. Why?
b. If the coal mining is characterized by an increasing MEC, how would your answer in (a) change, if at all. Why?
A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes. What happens..
In the figure below, how many blocks of video (including the first block) will have arrived at the client in time for their playout? Explain how you arrived
What is the z score of the local county preschools? Calculate the number of accidents of the local preschool (i.e. determine its "raw score").
a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium price and quantity.
The failure of the Bretton Woods system... what lessons does this historical incidence offer to European countries that all use the Euro as their currency?
Demonstrate sensitivity explaining to the patient the necessity of a second opinion to corroborate the medical necessity of the procedure prior to approval
In what conditions will an increase in the price of a product lead to a reduction in total spending for that production.
Suppose the city decides to sell the permits and we are still in the short run equilibrium where the price is $2. What is the highest price a vendor would pay
What could prevent you (organisational constraints) from implementing the new KPI? What needs to be considered?
1. Explain one strength and one weakness of the single payer model for national health plan
Which is true in the aggregate supply / aggregate demand model? Contractionary fiscal policy would consist of. An inflationary gap occurs when.
Do you think Gandhi's quote about "moral progress," stated at the beginning of the film, is strong? Or weak? (For example, is it relevant how Nazi Germany treat
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