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What are externalities? Make sure to give examples. How externalities can be corrected?
What is the standard deviation of the sampling distribution?(Use 3 decimal digits)
In what specific ways does Becker's model of the allocation if time differ from the simple work-leisure choice model? Compare the functioning of the income and substitution effects in each of the two models. Do the two effects have the same impact up..
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax. Denote by t the amount of dollars a consumer has to pay for every unity she consumes in exc..
You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. The replacement and downtime cost ..
1. if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
The most important characteristic in an oligopoly market structure is that there are only a small number of firms competing
Briefly discuss the problems related to fundamental analysis that are considered advantages for technical analysis.
How would each company determine the location of their facilities? List the specific needs and requirements of each company when determining location.
What is an industrial district? How might governments of developing countries help them succeed?
Explain how complicated fares and the perception of inequity between two different passengers might hurt the credibility of airlines. Include as much detail as possible in your answer, but focus your answer on who earns frequent flyer rewards, and ho..
Explain how the Whig party collapsed in the 1850s over the competition with "Slave Power." How did the party's collapse transform American politics, via the Republican party and the elections of 1856 and 1860? Make sure to cite any direct quotes.
Explain the elasticity of supply for gasoline. (If prices go up, how quickly would the supply of gasoline increase).
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