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Consider 5 farmers located close to a lake. The lake is used by 5 recreational users for swimming. The farmers use fertilizer with marginal benefits MB = 12 - 2x where x is the amount of fertilizer applied. The cost per unit of fertilizer is 4. The fertilizer runoff into the lake reduces the water quality. The marginal damage from fertilizer use through reduced water quality is MD = 0.08 X for each of the recreational users. X is the total amount of fertilizer that all farms combined apply. What is the aggregate net benefits of fertilizer use across all affected groups without regulation?
What is wealth and who owns how much of it? What are assets and debts? What impact does your level of wealth have on the types of assets you can acquire?
A multiplex movie theater estimates the week-end demand for afternoon shows to be D(p) = 1000-80p and the demand for evening shows to be D(p) = 1000-50p. The maximum seating capacity of the theater is 550 and the marginal cost is zero (e.g., variable..
The best way to organize your results is in the form of a table. Report the log-likelihood and pseudo R2 for the nonlinear models and the R2 and adjusted R2 for the linear model. Write the likelihood functions of logit model
What happens to the arithmetic mean, variance, and standard deviation of a set of values if: a. A constant, a, is added to each value in the set?
The city of Bugnussle is considering exceeding the runways of its municipal Airport so that commercial jets can use the facility. The land necessary for the runway extension is currently farmland which can be purchased for $350,000. Construction cost..
David’s firm experiences diminishing returns after producing the 8th unit. The total cost curve associated with David’s firm after the 8th unit:
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. Assume that Juanita takes opportunity costs and the pri..
Explain, with examples, the meaning and nature (dimensions) of corporate social responsibility (CSR)
Amazon recently raised the rate for Prime membership to $99 a year from $79, the first price increase for the shipping and video-streaming service. The Seattle retailer said the price increase was needed to offset rising delivery and content-acquisit..
Illustrate and explain how a government budget deficit can lead to a higher real interest rate. Discuss how the effect of a budget deficit on the real interest rate could be altered by an increase in private savings.
What ratio is used to value a firm using the comparables method?
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