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1. a. State how each of the following factors affects the materials balance model: (i) population growth; (ii) income growth; (iii) increased consumer recycling; (iv) increased industrial recycling; (v) increased use of pollution preven- tion technologies.
b. Assume that stringent pollution controls are placed on the flow of residuals released into the atmosphere. According to the materials balance model, what does this imply about the residual flows to the other environmental media and/or the flow of inputs into the economy?
A factory benefits from discharging effluent, q, into a lake. The marginal benefit function is given by 60-2q. The pollution causes damages to two nearby communities. The marginal damages to Community A are 1q. The marginal damages to community B ..
Suppose you are the chairperson of the Fed's Board of Governors at a time when the economy is depressed, and you are called to testify before a congressional committee.
suppose a firm has the production technology shown below for goods 1 and goods 2 and respond to the following with an
How should the relation between drugs and human life
Compute the Jacobian matrix at each equilibrium point and What is the type of these equilibrium points?
Employment: With one month to go, 2014 is already the best year for employment growth since the '90s. Will 2015 be as strong? Or will job creation slow in 2015?
Take the Ethics Awareness Inventory and Ethical Choices in the Workplace assessments to assess your values - Explain the role of ethics and social responsibility in developing a strategic plan
Describe the pricing strategies in monopolistic competition, oligopoly, and monopoly market models. Explain which market structures are price makers and price takers. What is the difference in the demand curves and why.
explain the law of demand and law of supply. what factors influence each? what is meant by market equilibrium? give an
Examine the decisions of a small business owner. Since microeconomics is the study of individual households, firms, and government, we will take a closer look at the operations of a franchise firm.
colonial furniture ltd. is contemplating production of an office desk that would sell for 800. the production of each
The only goods that Angela consumes are wine (X) and chocolate (Y). On Tuesday the price of wine goes up, though at the same time, Angela's income increases by just enough so that she is equally happy (in utility terms) as she was on Monday.
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